351–360 of 802 posts
The maximum limit for cash payments in Italy is 1000€, so 3k would still be a lot. Why would someone need to pay for 10k in cash? Where does that cash come from? 60% of the times, it's money laundering every time. edit: I suppose since I'm in EU and I'm only 30 I'm "used" to the 1k limit, while non-EU (or specifically USA) people might be grabbing their pitchforks.
How else would you buy a used car/motorbike from a private party?
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Do you consider sending them to another person cashing them in? I'm referring to bob's stablecoin -> bob's fiat -> alice's payment, and suggesting that their goal is bob's stablecoin -> alice's stablecoin, and avoiding the stablecoin->fiat (cashing in) phase entirely.
I mean, yeah. If the entire world transacted in stablecoins, it would be a much much better UX.
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Buying a Macbook Pro 16" M2 and a Samsung Odyssey Neo G9 at the same time from the same place.
And you clearly want to carry 3000+ EUR in your pocket than paying by card? Europe is safe, but I will definitely not walk around with that much cash on my person.
I'd also rather pay the Macbook by card due to practicality, but I don't understand your second sentence. Why would you walk around with a Macbook worth 3k but not with 3k in cash? Nobody knows that you have 3k in cash with you, whereas everybody can see you walking out of the Apple Store with the Macbook.
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> roadside transactions are often done in cash You're paying 3000 Euro for eggs?
I think GP's intention was to mention the farmers themselves, who would (presumably, I'm neither a farmer nor European) receive above >€3000 in egg-revenue per week/month/annum, and then go deposit that at the bank, use it for mortgage payments, or pay for farm equipment et al. in cash.
And that's what farmers are annoyed at. If they don't deposit it, they can "forget" to report the income themselves, and cheat the tax man.
There is a Financial Tyranny Index by Vexl Foundation published here: https://github.com/vexl-it/fti/blob/main/fti.pdf Among other things, it shows Cash Limits in various countries: Greece 500 EUR, Spain, Italy, France 1000 EUR, Israel 1500 EUR, ...
Warning: that link doesn't open a PDF, it's a website with Javascript pdf viewer. Javascript tyranny forever, I guess.
Unless maybe the link changed?
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I am confused by your post. What are some good reasons to allow cash payments above 3000 EUR?
You'll be downvoted, but to answer this question with all honesty: 1) Disallowing a third-party in every single transaction you make, especially as 1a) Inflation means 3k now might be quite low in 20 years 1b) Banks themselves have been shown to be scummy 1c) Banks are a rare institution to allow outsiders into. 2) Bank accounts themselves are not actually all that accessible; it's quite common for people to be ineli…
There's also money orders.