I recently had a frustrating experience that Im sure many of you here can relate to.
A friend owed me money for a project, and they were happy to pay me in fiat while I wanted to receive it in crypto. Simple enough request, right? But what followed was a tangled mess of currency conversion fees, delays, and hoops to jump through.
Banks didnt make it easy, payment platforms added their cut, and by the time I finally received the crypto, it felt like half the value had evaporated in fees and wasted time. And I couldnt stop wondering: Why is this still so complicated?
Weve come so far in the crypto spacelayer 2s, lightning networks, cross-chain swaps. Yet, when it comes to bridging the gap between fiat and crypto, the process still feels stuck in the past. Shouldnt there be a solution that makes this seamless for freelancers, small businesses, or anyone working globally?
You just created problems for yourself. First, I don't think your friend had bitcoins before the whole transaction thing started because if he had, p2p transaction between you two won't cost you that much. Even if your friend has bitcoin, he is under no obligation to pay back his debt in bitcoin since when he borrowed the money, he did that in fiat, so paying back should also be in fiat. If you badly need to get bitcoins, you should buy by yourself from the fiat he would pay you.
As for getting paid in bitcoin by freelancing companies, I have never encountered any of these challenges. My payments come when due without me facing anything like transactions fees and bank stress. Freelancing companies that pay in crypto know how to do it very easy and stres free for both parties. Take this forum for instance, campaigns that pay in bitcoin don't put you under any of those stress.
