As banks close accounts, experts point to immigration crackdown

Discussion (12 Comments)Read Original on HackerNews

jimz•about 3 hours ago

Since when is Chime a bank since their customer service repeatedly told me in no uncertain terms that they are a "spending account" and absolutely not a bank.

Wingman4l7•about 2 hours ago

On their own "About Us" page: "Chime® is a financial technology company, not a bank." eyeroll

These leeches want all the profits of banking and none of the customer service and regulatory obligations.

New rule: if we ask 100 of your customers if they think you're a bank, and the majority say yes, congratulations, you're now a bank under law, because you sure as hell are pretending to be one.

Cider9986•about 2 hours ago

Banking sucks. It's totally against freedom. Monero is the ideal currency.

There's no politics to who banks censor, it's all "risk management".

Monero is private, secure, and uncensorable. Nobody will ever ask what your using your money for, because they can't.

Cash is king too, but it doesn't work online and there's significant restrictions.

khriss•about 2 hours ago

Good luck getting your grocery store to accept Monero though.

Cider9986•about 2 hours ago

300+ supermarkets accept it in Switzerland. It's not like they choose every crypto they want to accept, they just use a payment processor that supports a bunch. I don't see that as particularly hard to implement if there's demand.

Walmart probably won't, considering they don't even accept Apple Pay.

Spar Launches Switzerland’s First Nationwide Crypto Payment Rollout

https://cryptodnes.bg/en/spar-launches-switzerlands-first-na...

NooneAtAll3•about 3 hours ago

cash is still king

itake•about 3 hours ago

Cashapp is also king on their list

tamimio•about 3 hours ago

https://archive.is/fxhad

larrymcp•about 3 hours ago

This link is still the blocked, paywalled version of the article.

tamimio•about 3 hours ago

No? Scroll down the full article is there, I did read it.

lifestyleguru•about 3 hours ago

To the remaining clients banks cut the features and decrease the limits "because of fraudsters and thieves". Just like this, no one says a word.

cyanydeez•about 3 hours ago

surely peter theiil will get right on this debanking crisis.

As banks close accounts, experts point to immigration crackdown

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Discussion (12 Comments)Read Original on HackerNews