Gabor Gorbax hints at a solution to Arnold Schwarzenegger’s problem in Munich

Bitcoin ETF source discovery strategy advisor VanEck and Tether Gabor Gurbacs shared that the Hollywood star famous for films about Conan The Barbarian and the “Terminator” franchise, Arnold Schwarzenegger, ran into trouble at Munich airport.

Being a Bitcoin advocate, Gorback hinted that Bitcoin could have easily solved the problem.

Schwarzenegger is unable to make pre-tax paper payments

According to a CNN report, earlier this week, the legendary Austrian actor was detained at Munich airport for not declaring an expensive watch he was wearing upon his arrival in the Bavarian capital.

Now, according to CNN, the “Terminator” and former California governor will face criminal tax proceedings. A customs officer at Munich airport told CNN that Schwarzenegger violated the mandatory declaration rule for a product from a non-EU country imported into the EU that was supposed to remain in the EU.

Schwarzenegger was detained at Munich airport for two hours and then released. He has not announced a watch made by the Swiss company Audemars Piguet, a luxury watch brand, that he intends to sell at an auction in Austria for charitable purposes.

The former American actor and politician has offered to pay potential tax in advance. However, customs officials were unable to use the bank card machine.

Bitcoin fixes this

Finally, Schwarzenegger was taken to a bank where he had to withdraw the required amount of cash. However, the ATM limit was too low and the bank was closed. When they returned to the airport, an officer brought a new mobile bank card machine, so the actor was finally able to pay. The amount paid by the actor was not revealed.

“The European Union is a joke,” Gabor Gorbax added, as if to suggest that a Bitcoin payment could have been made much faster and without having to make Schwarzenegger go anywhere and then back to the airport.

In order to make a Bitcoin transaction, one only needs a smartphone or laptop with an internet connection. Depending on the wallet or cryptocurrency exchange where the payer holds his Bitcoin, the transaction can take from a few minutes to a few hours. However, the Bitcoin Lightning Network allows micropayments in BTC much faster.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many of its aspects. He has written for several crypto media outlets. His articles have been quoted by crypto influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keyser, etc.