Search results

Looks like Shiff's bank lost their USD correspondent bank relationship " Hello XXXX, Please be advised that there is a delay in processing the USD wire transfers provoked by our correspondent bank. It may now take between 10 to 20 business days to deliver the the payments in this currency...

Love the condescending tone while you advocate people break the rules of the company " The Wise card is currently available for people and businesses with a Wise account in the UK, the US, Switzerland, Australia, New Zealand, Singapore, Japan, and most of the EEA. There are a few exceptions, so...

Strike has very little cost for fiat to btc or vice-versa conversions, its similar to payment for order flow. im sure they will charge for something but BTC LN is so cheap. on the fiat side they allow the remitter to deposit via ACH or bank cards. it looks like they make some money if the...

Well, clearly you dont get how the whole thing will work. So I would tell you to listen to the interview https://podcasts.apple.com/my/podcast/jack-mallers-vs-the-world/id1317356120?i=1000504716648 And also, study how lightning works because you dont seem to understand it

Which app does international remittances for free with 5 second transactions? You might want to listen to the interview I posted earlier. This is not a situation of a solution in search of a problem but one of a solution that has never existed before. The person sending sends USD, the one...

They dont have to, they will have an app in which they will receive USD. BTC will work behind the scenes. If these moms have a cell phone, they have downloaded apps before. They will download an app and choose their sons from their contacts, then request funds. It ain't rocket science. There...

Interactive Brokers — seen as the e-broker with some of the most sophisticated clientele — is slated to start trading cryptocurrencies on its platform in the coming months. “Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the...

Well, you dont represent the planet. Read around about how many people in 3rd world countries are taken advantage by remittance companies https://voxeu.org/article/stubbornly-high-cost-remittances "Cross-border remittances are far from costless. On average, the charge for sending $200 – the...

Strike uses a really clever way to solve the remittances and underbanking problem. Its not a coincidence they choose El Salvador for their efforts. The country already uses the USD and 70% of their people are underbanked So the idea is that someone who owns USD in the US, can then through...

https://cointelegraph.com/news/reports-suggest-blockfi-seeks-to-raise-millions-at-a-valuation-of-5b The idea that BlockFi is worth $5B and BitGo only $1.2B has to be one of the most ridiculous propositions about crypto currently

Absolutely. The best thing they could do would be to start implementing crypto friendly business laws, like Wyoming is doing. Lots of business would move there and other countries would start to do that as well (like the tax havens just copy whatever Cayman/BVI does and try get a piece of the...

That's the danger, the average person is a complete moron and Bitcoin will make them even more moronic. As a result, instead of these businessed having a responsible amount of Bitcoin in their balance sheet (5-10% rebalanced regularly) they might have an extreme amount as a result of greed. So...

There is also the cult aspect, something that you see in Scientology, Masonary, Opus Dei and others. El Salvador is now 'one of us' to the BTC fanatics. They have the residency program where people with 3 BTC get residency, they will also have lots of business accepting BTC so I expect lots of...

Its definetly positive for BTC but I worry about the Novogratz 2018 mistake. He said 'institutions are coming' and he was about 2.5 years too early. Countries/Central Banks might be coming but they are probably even slower moving than institutions, they have elections to worry about, laws to...

I think this might one of the situations where if it works out for El Salvador in terms of helping the underbanked, then other countries might follow. I'm just not sure they are going to do it right away because most Presidents and Legislators are old and have no idea what crypto is all about...

I dunno, I have been seeing so many articles like the following https://www.bloomberg.com/news/articles/2021-06-08/bitcoin-drops-more-than-5-in-renewed-cryptocurrency-selloff...

I see. As far as replacing gold goes, I'm not sure there is a big opportunity there for BTC. The central bank of Brazil only owns about $5B worth of gold and its the largest countries in LatAm. It owns over $350B worth of US Treasuries. In Brazil, "gold" are US dollars due the history of...

I'm not sure I share the exciment over countries declaring Bitcoin legal tender. Japan did that back in 2017 and I cant see what did that accomplished. Japan is the largest holder of USTs in the world, and the BOJ is not buying BTC. I also dont think Japanese corporations bought BTC in a big way...

With everyone and their mothers calling for a bear market, there is a decent probability we are close to the bottom