Luno Talk: How Crypto Assets Support the Expat Borderless Lifestyle

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The COVID-19 pandemic is now over. However, the trend that emerged during that period, namely mixing work and vacation, a.k.a “workation” has persisted.

The trend is also creating a new lifestyle: Living a hustle-free life, yet still thriving financially, is definitely attainable. Thanks to the endless possibilities offered by digital technology, our life is more borderless than ever.

Achieving a tranquil work-life balance, anywhere

Unsurprisingly, Indonesia, particularly Bali, has attracted thousands of expatriates seeking a balance of work and tranquillity, and you might be one of them. Bali provides an ideal backdrop for those who want to escape the hustle and bustle of the metropolitan lifestyle, offering a sanctuary of working remotely and relishing a meaningful life.

The good news is remote working has become a reality.

Companies now offer work-from-anywhere options, not just to prioritize employee freedom and well-being but also to leverage the advantages of digital technology. So, this vision of a tranquil life without borders is no longer wishful thinking.

However, the shift to expat life introduces several challenges, especially in financial matters. What about you; do you still see this as an obstacle in your journey?

Navigating Financial Challenges

While work-life balance in Bali might be fascinating, expatriates often face financial complexities. Dealing with a different currency, storing wealth, and sending and receiving assets globally also can be confusing.

Nowadays, the remittance service for sending money from home to abroad, or vice versa, is so easy to find. However, conventional money transfer services have certain drawbacks, including high costs, delays, and limited coverage in certain countries.

Well, no need to worry! Digitalization has opened up limitless possibilities. The digital economy opens up the opportunity to work from anywhere, it can also help with your financial challenges!

Seamless Borderless Transaction with Crypto

You might know crypto, where blockchain technology paved the way for financial transactions without borders.

The main advantage of utilizing crypto for sending wealth or assets from abroad lies in the absence of country restrictions. This means that you can seamlessly conduct real-time asset transfers at lower costs regardless of the country.

A Practical Example of Borderless Asset Transfer

Imagine this: You are in Bali and want to send your assets to your family in France.

A bank transfer becomes one of the options when you want to transfer your assets, but it might take hours or even days for the assets to be received by your family and also the transfer fee is not that cheap. Alternatively, you can use the crypto asset for making cross-country transfers on the blockchain network.

With crypto, you can easily convert your local currency into crypto and send it anywhere on the blockchain network. This process is fast, efficient, cost-effective, and available 24/7.

For example, a crypto asset named XRP (Ripple) was designed for cross-border transfer and claims to be able to handle 1,500 transactions per second. Of course, there are other crypto assets out there besides XRP that can help you transfer your wealth overseas.

Apart from transferring money, investing in crypto can be an appealing option for expatriates looking to diversify income streams or store wealth securely. The flexibility to buy and sell crypto anytime and anywhere gives expats financial independence and control over their assets.

Limitless Transactions: Anywhere, Anytime with Luno!

Luno Crypto make an easy financial transaction across worldwide

With over a decade of experience, Luno has gained the trust of 12 million customers worldwide for sending and receiving crypto and facilitating their investment. At Luno, the concept of the time zone fades away. You can buy and sell with Indonesian Rupiah, and send and receive your wealth effortlessly within seconds, 24/7.

Luno is registered and supervised by BAPPEBTI. Regular independent audits are conducted to ensure the safety of your assets.

For any inquiries or issues related to crypto transactions, you can get in touch with our customer services team, available to assist you in Bahasa Indonesia or English.

Disclaimer: Luno is registered and supervised by the Commodity Futures Trading Regulatory Agency (Bappebti). Trading and investing in crypto assets is a high-risk activity. 

Read more on our Terms of Use here: www.luno.com.

Written by: LUNO Indonesia

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Natalia is a Visual Communication Design baccalaureate and a writing aficionado based in Jakarta, Indonesia. An impulsive lover of knowledge, especially in art, literature, culture and health, who insists to share of her findings through words. Her comfort nestles around writing poems or short excerpts, but she has also developed experience in writing articles and journals.

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