One might also consider a credit union account and a privately owned independent bank. Some independent banks are publicly owned, so you need to do your homework and make sure you are in the know if they go public. Both are federally insured, but under different agencies.
What are your thoughts on converting U. S. Dollars into a country's currency that you believe in its values and direction even though you are unable to move there?
What's to stop the government from banning cryptos and bitcoins? If they want to completely control the money system, they will void everything that isn't a CBDC.
One might also consider a credit union account and a privately owned independent bank. Some independent banks are publicly owned, so you need to do your homework and make sure you are in the know if they go public. Both are federally insured, but under different agencies.
What are your thoughts on converting U. S. Dollars into a country's currency that you believe in its values and direction even though you are unable to move there?
What's to stop the government from banning cryptos and bitcoins? If they want to completely control the money system, they will void everything that isn't a CBDC.
Thank you.