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Dogan
@doganeth
No one is aware that one of the biggest issues with stablecoin-based remittance & payroll is that it is almost impossible to prove to a legal entity that you're getting paid. Yes, it is because the settlement is not fully regulated, but I think there is room to escape from this
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xh3b4sd ↑
@xh3b4sd.eth
What kind of proof are you looking for? You have the onchain transaction hash when you are getting paid onchain.
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Monteluna
@monteluna
For things like getting an apartment or proving to banks for a loan, you have to prove income. The hash is not really proof of income, but proof of payment. They want proof of income from hopefully a fortune 500 business that shows with higher certainty that the cashflow you got last week, will likely be given this week. Source: I'm 1099 consulting life.
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xh3b4sd ↑
@xh3b4sd.eth
Isn't that a regulatory issue? My experience is that you have to show transactions in your bank account. All you see there is also just proof on payment. The regulatory mandate or cultural acceptance make it so that bank records are good enough. Blockchain can't change that, neither can stablecoins. Where should we go from here?
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