Now you can "Wire" money to Chile and hold it in local currency in a Bank, USING PAYPAL

If you haven't used Paypal, you should try.

Alternate currencies are now important.   And low transaction costs (often zero) are important too. 

And if you read Simon Black of Sovereign Man, you will already know that Chile is a top notch country with resources, pretty good government, business friendly, and foreigner friendly.

It is not a crazy idea to not put all your eggs in one basket.   Spread them out a bit.   Maybe even in a place that you wouldn't mind living in or just go to check out.    And Chile is not printing to kingdom come like everyone else.

 BN Americas is a newsletter that focus on South and central America, especially resources, and they occasionally send me an accesible newsletter (or you get just headlines)

 

http://www.bnamericas.com/news/technology/paypal-signs-agreement-with-multicaja-to-boost-sme-commerce

 

----------------------------------------------------

PayPal signs agreement with Multicaja to boost SME commerce

By Patrick Nixon - Friday, April 5, 2013

Related content

Subsector

• E-Commerce

US online payments platform PayPal has signed an agreement with Chilean transactional services company Multicaja that will allow Chilean companies to accept payments from abroad and have them deposited in their bank accounts in local currency within five working days.