The financial world isn’t flat. International firms tend to cluster in places where they are welcomed and where they find expertise. Here are some illustrations from my own financial transactions:
- I bought Etherium in order to buy a tweet. My euros went to the bank account of Light Technology Ltd in Switzerland
- I hired a designer on Fiverr (I’ll tell you why in the coming weeks). My payment went to Cyprus
- I receive the royalties from the European sales of Bankers are people, too from an Amazon account in Luxembourg