I'm an artist from Brazil who do portrait commissions here on Reddit, and the most common way of clients paying for my work was PayPal. Although taxes were high, art in Brazil is not much valued, so for every international commission I made I was being payed like 3x times what I would be payed here for the same amount of work. The problem is, in 26th april they converted all USD I had there to BRL currency, without telling me in advance, or asking for my approval. Their conversion rate was 1 USD - 3,9 BRL, but today the conversion rate would be 1 USD - 4,1 BRL. I was using my PayPal USD balance as a way of protecting me against brazilian real inflation. Well, not anymore. I can't live off my art, because commissions are really sporadic, but now it got a bit harder. Can't wait for the day crypto adoption will be widespread.
Submitted May 20, 2019 at 10:29AM
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