Re:Bitcoin and other PoW coins are an ESG nightmare
by JumpCrisscross on Monday February 15, 2021 @03:18PM
(#26146810)
> Can you open 10k accounts right now? I'm sure you can't.
Yes, easily.
It would take a phone call, since I haven’t set up the rails to do this. But “I need ten thousand sequentially numbered checking accounts with wire privileges” is a perfectly fine (if odd for an individual customer) request. (Almost any process requiring that many accounts is being done wrong.)
Granted, I have a private banker. But there are services who provide this to e.g. fintech companies setting up and destroying single-use accounts on the fly.
Yes, easily.
It would take a phone call, since I haven’t set up the rails to do this. But “I need ten thousand sequentially numbered checking accounts with wire privileges” is a perfectly fine (if odd for an individual customer) request. (Almost any process requiring that many accounts is being done wrong.)
Granted, I have a private banker. But there are services who provide this to e.g. fintech companies setting up and destroying single-use accounts on the fly.