111–120 of 223 posts
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Hi. My company, Keeta [0], is making this available in many countries, including the US. [0] https://keeta.com/
It's not. Doing payment or wire transfer is not same as being a bank in most country, even to the customers
Is this helping win customers?
Why are these API banks always in the UK? I've been waiting to do my banking using curl for years and no one has made it available in the US.
Does anyone know why this is the case in Australia too? Is there a regulatory reason or is it just a matter of market size?
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I'm tired of hearing the "works on my machine" line about banks. Here's a few issues I've run into in the last few years: - I dissolved a corporation in Korea and it took nearly 1.5 years and $8k USD in lawyer fees to get ~$80k USD out of the country. My other option would've been to go back to Korea and buy Rolexes. - I moved to an Eastern European country and spent several weeks providing KYC/AML docs after attempt…
>issues I've run into in the last few years Bitcoin has existed in the last few years. So I have to ask why it is that you haven't used it if you've had these issue moving money via traditional banks. Are the transaction fees too high (like Western Union).
For purchases like cars or real estate it seems like you'd have to be pretty lucky to find a seller unless you're not particular about what you're buying.
I've also started keeping more physical cash on-hand lately.
This is one of those quotes that can look really bad in hindsight if something goes wrong
Despite the unpopularity here. I am still a fan of cryptocurrency as an alternative to traditional banking.
I'm saying this as someone who first bought bitcoin back around 2010. It is just obnoxious and completely unrelated to the thread topic
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> This is what all those chain analysis companies claim to solve for, and allegedly law enforcement agencies have done in the past to de-anonymize people. Perhaps you are right about it not being feasible given enough volume and so on. De-anonymizing people who are not attempting to prevent it is fairly trivial. You tie one transaction to their wallet and they use the same wallet for everything. But that's an entirel…
I will concede the concern that the bank won’t be able to just take your money in the case of using ethereum, but being unable to legally spend your ethereum in the country you physically reside in complicates things. And buying things over the internet would get the government to wonder how you can afford these things and how you will pay your taxes, thus investigating your finances and discovering the proscribed cr…
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I don't understand why this would be a serious impediment. Suppose you go to an online exchange or Bitcoin ATM or local man with a crypto wallet, you hand over five $10 bills or transfer some money from your bank account, you get $50 in cryptocurrency. Now you go to the adult bookstore's website and don't have to give them your name, you send $20 to your friend in a foreign country so she can get a cab to the airport…
$15 to transfer $20 to another country, the US really is a another world sometimes. Transfers are often free to cheap - substantially lower than the costs for transferring crypto in most cases.
The average transaction fee for Bitcoin is currently less than $1. For Bitcoin Cash it's less than $0.01.
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> This is what all those chain analysis companies claim to solve for, and allegedly law enforcement agencies have done in the past to de-anonymize people. Perhaps you are right about it not being feasible given enough volume and so on. De-anonymizing people who are not attempting to prevent it is fairly trivial. You tie one transaction to their wallet and they use the same wallet for everything. But that's an entirel…
I will concede the concern that the bank won’t be able to just take your money in the case of using ethereum, but being unable to legally spend your ethereum in the country you physically reside in complicates things. And buying things over the internet would get the government to wonder how you can afford these things and how you will pay your taxes, thus investigating your finances and discovering the proscribed cr…
But you can legally spend it, because nobody has found you guilty of a crime, because you haven't committed a crime.
The existing problem is that you don't have to be convicted of a crime to have some payment intermediary extrajudicially lock your account. To which the solution is to not have a payment intermediary.
Then if the government wants to stop you spending your own money, they can accuse you of a crime, but then they would presumably have to prove that you have committed the crime that makes it unlawful to spend the money instead of just letting the bank steal it from you without due process.