Yes, it's a necessary evil. But I will only use it for small amounts, or what I will call "weekly grocery funds", not more than 4k each week. Or less than 20k Php total per month.
And if you've read my previous blog, we can now pay our bills with crypto. That's how I'll be using some of it, so as not to use up the pesos stored in my GCash.
I'm on an LP at Meshswap Finance and earn a yield worth 3 USD per day. I am slow growing it to give me at least 10 USD per day. That amount will take care of a lot of things here, my monthly contribution to our household expenses, while I am still applying for a new job.
It's okay though and you have a good plan so I don't think KYC will be much of an issue :)
I haven't read your previous blog but I'll check on it. Just that I don't want to spend my crypto, lol! I always use GCash for our bills which saves me time from queuing and everything.
I'm sure you will grow your LP and would be able to increase your daily earnings. Kudos to you!
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