Bitcoin Surges Past $7,000 to Extend Record Rally

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by tixocloud on Thursday November 02, 2017 @08:16AM (#15609651)

The big risk for banks is that they need to know who you are and to a certain extent how to reach you if there ever was an investigation into your activities.

That being said, is there a way for a bank to always contact you? A bank designed for digital nomads would be a very interesting proposition for me given I'm in banking and am looking to discover new models.

[ Parent | on HN ]

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by weddpros on Thursday November 02, 2017 @09:32AM (#15610224)

Yes, I think KYC is a problem with digital nomadism. All things administrative become a huge burden when you're travelling full-time, rent a furnished house in a tourist location without utility bills, etc.

Some banks are already trying to address such needs, like Monese (which I'm also using).

[ Parent | on HN ]

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by tixocloud on Thursday November 02, 2017 @11:12AM (#15611113)

Thanks for the reference to Monese. What did you have to provide as part of KYC?

[ Parent | on HN ]

Re:Bitcoin Surges Past $7,000 to Extend Record Rally by weddpros on Thursday November 02, 2017 @02:23PM (#15612892)

Skype-like conversation in front of my passport + a european postal address... Their customer service has been very good.

[ Parent | on HN ]