A curious fact about Albania is that people nod for “no” and shake their heads for “yes”. Now that’s a quirk that might take some getting used to. However, one universally clear thing is the rising demand for seamless cross-border payments among Albanian freelancers and remote workers.

Enter USD Coin (USDC), the digital solution that offers stability, low fees, and quick access to funds for those working with international clients.

This guide shows how you can efficiently receive foreign payments and convert them into USDC using Grey.

Also Read: How to receive and convert foreign currencies to USDC

Why convert foreign payments to USDC as a freelancer in Albania?

For freelancers in Albania, USDC offers several advantages:

• Stable value: USDC is a stablecoin pegged to the U.S. dollar, meaning it holds its value, unlike many other volatile cryptocurrencies.
• Low fees: Cross-border payments often come with hefty fees, but USDC transactions typically cost far less than traditional banking methods.
• Fast transactions: Blockchain technology ensures near-instant transfers, so you don’t have to wait days for your money to clear.
• Flexible conversion: You can hold USDC and convert it to Albanian Lek (ALL) or other currencies when rates are favourable, giving you control over your finances.

Also read: Send instant USDC payouts to 40+ countries with Grey

How to receive and convert foreign currency to USDC

Grey offers a secure and straightforward method for freelancers to manage USDC payments. Here’s how you can send and convert USDC using Grey:

Grey offers a secure and straightforward method for freelancers to manage USDC payments. Here’s how to send and convert USDC using Grey:

Open the Grey app

Log in to your Grey account via the app or website to access your USD balance securely.

Select your USD balance

Go to the “Accounts” section and select your USD balance, the starting point for initiating USDC transfers.

Tap “Send via crypto”

Choose the “Send money” option, then select “Send via crypto” to begin the USDC transfer process.

Enter transaction details

Input the recipient’s wallet address carefully. Ensure you select the correct network, as Grey supports Solana (SOL) and Binance Smart Chain (BEP-20).

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Input the transfer amount and review the details

Specify the amount you want to send, and make sure to double-check the wallet address and network to ensure your transaction goes to the right place.

Confirm and complete the transfer

Once satisfied with the details, tap “Send.” Grey will prompt you to enter your two-factor authentication (2FA) code for added security.

Transaction success

Once processed, the USDC will arrive in the recipient’s wallet. They can hold the USDC, convert it into local currency, or use it as needed.

Also Read: How to receive dollar payments and convert to USDC in Belgium

How to convert USDC to Albanian Lek

To convert USDC into Albanian lek (ALL), use a crypto exchange or a local service that supports USDC-to-ALL conversions. Some platforms offer direct exchange, while others may require intermediary trades via USD or EUR.

What are the considerations for freelancers holding and converting USDC?

While holding USDC is convenient, here are a few things to keep in mind:

• Network compatibility: Ensure the network used for USDC matches your wallet and conversion services to avoid transaction issues.
• Fee awareness: While USDC fees are generally low, blockchain network fees may vary based on blockchain.
• Tax compliance: Albania’s tax laws treat cryptocurrencies as assets. Consult a local tax advisor to understand your reporting obligations when holding or converting USDC.

Using Grey to simplify USDC management

Grey makes managing USDC payouts effortless for freelancers in Albania. With Grey, you can:

• Send USDC securely to supported wallets.
• Leverage robust security measures like two-factor authentication (2FA).
• Enjoy seamless cross-border transactions.

Start today by creating your Grey account and experience the benefits of global financial freedom.

The future of cross-border payments is here, and it’s designed for you.

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