Gabor Gurbacs, a strategy adviser for Bitcoin ETF issuer VanEck and Tether, said that Arnold Schwarzenegger, a well-known Hollywood actor well known for his roles in the “Terminator” and Conan the Barbarian films, had difficulties at Munich airport.
As a supporter of Bitcoin, Gurbacs implied in a way that Bitcoin might have readily resolved the issue.
Schwarzenegger unable to make fiat pre-tax payment
The renowned Austrian actor was reportedly detained at Munich airport earlier this week for neglecting to disclose a costly watch he was wearing when he arrived in the Bavarian capital, according to a CNN story.
The “Terminator” and former governor of California will now be subject to criminal tax procedures, according to CNN. Schwarzenegger breached the need to declare any non-EU commodity imported into the EU that was intended to stay in the EU, a customs officer at the Munich airport told CNN.
https://x.com/gaborgurbacs/status/1748673489110725020?s=20
After being detained for two hours at the Munich airport, Schwarzenegger was freed. He failed to register a premium watch brand manufactured in Switzerland, Audemars Piguet, which he intended to auction off for charity in Austria.
https://x.com/gaborgurbacs/status/1748677329017057438?s=20
The former politician and actor from the United States volunteered to pay any prospective taxes in advance. But customs officials could not operate a bank card reader.
Bitcoin fixes this
When they arrived at a bank, Schwarzenegger took out some cash. But the bank was closed, and the ATM limit was too low. The actor was eventually able to pay when they got back to the airport because an officer had brought a new portable bank card terminal. The actor did not disclose the sum that he paid.
“The European Union is a farce,” Gabor Gurbacs said, seemingly implying that a Bitcoin payment could have been completed much more quickly and without requiring Schwarzenegger to travel anywhere before returning to the airport.
All you need to perform a Bitcoin transaction is an Internet-connected laptop or smartphone. A transaction may take a few minutes to many hours, depending on the wallet or cryptocurrency exchange where the payer keeps their Bitcoin. Nevertheless, the Bitcoin Lightning Network makes it more faster to make small payments in BTC.
