Why is this valuable? Well, at one level, it just feels like the right thing, just like any other refactoring. But it also enables money to compete separately from nationality. This has the most obvious potential in places where money currently sucks (e.g., Venezuela).
Usually there's a party on the other side that you trust to send your money to. That could be your bank account, friend, family member, etc. If you're just wanting to spend some of your money, credit cards work. Beyond that, getting a bank account usually means having roots.
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Right, so you're making my point for me. I want to have some of my savings be decoupled from the US. I don't have any friends or family oversees. You do, so this process seems easier for you.
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As an aside, every one of my friends who are in the US on a visa keep money back home. Why? Same reason. They want some isolation from US financial system.
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For instance, to get a bank account in the UK, I needed an address in the UK. It's fair enough that the in-country regulator doesn't want to be handling money laundering and terrorism issues from other countries.
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