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A comment on Mastercard ends Binance card partnership in latest blow to crypto giant. Parent comment

Re:Mastercard ends Binance card partnership in latest blow t... by roenxi on Monday August 28, 2023 @04:53AM (#37291455)
International money transfers? I've been scalped by moneychangers before. Next time I need to pass money to a friend overseas I'd prefer to use crypto.

There are a lot of weird peculiarities of the international monetary system (things like the weird not-capital-controls that US citizens operate under where nobody will give them a bank account or whatever) that crypto just bulldozes through and I don't have to worry about when sending someone in a foreign country money.

[ Parent | on HN ]
Re:Mastercard ends Binance card partnership in latest blow t... by martin8412 on Monday August 28, 2023 @07:43AM (#37292568)
Many banks won't give accounts to US citizens because that means giving the US government access. US citizens are subject to worldwide taxation regardless of residence.

Much easier just not to have US customers.

[ Parent | on HN ]