Accepting Bitcoin as a Small Business – 4 Years In, No Customers

Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by justaguyhere on Friday March 01, 2019 @12:05PM (#19282770)

* infact just issues with North American banks.*

Yup, same experience here. It takes at least 10 days to send a paltry 1000 USD for me and yes, there is a fee. The bank is probably making money on the exchange rate too, not sure. At one point, I was asked all kinds of documentation - passport etc. All this to send very small amounts of money (I don't remember sending more than 3K, 50K Euros without questions is amazing to me).

Edit: Many comments here mention that Europe is way ahead of the US i the money transfer space. Can someone talk about why the US is lagging behind?

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Re:Accepting Bitcoin as a Small Business – 4 Years In, No Cu... by kingaillas on Friday March 01, 2019 @12:45PM (#19283366)

There's a pretty good Planet Money episode on this issue:

https://www.npr.org/sections/money/2018/01/10/576879734/epis...

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