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A comment on Binance US No Longer Allows USD Withdrawal for Users. Parent comment

Re:Binance US No Longer Allows USD Withdrawal for Users by rvz on Wednesday October 18, 2023 @12:30PM (#37931061)
None of the examples you mentioned are even world-wide, given that you can't use UPI in Japan, or FedNow can't be used outside of the US or PIX outside of Brazil so are totally useless for users outside of those countries.

These 'rails' are just meant for the introduction of a CBDC in their respective countries which will just have the same issues that Nigeria's eNaira 'CBDC' had which once that was tried, it was a complete failure. [0] [1] which UPI and PIX will have the same problems and will be no different.

[0] https://business.cornell.edu/hub/2023/04/28/nigerias-enaira-...

[1] https://www.pymnts.com/cbdc/2022/nigeria-cuts-atm-cash-withd...

[ Parent | on HN ]
Re:Binance US No Longer Allows USD Withdrawal for Users by toomuchtodo on Wednesday October 18, 2023 @12:35PM (#37931127)
You seem to be very pro crypto, so I don't believe we're going to find middle ground. Appreciate the debate regardless!
[ Parent | on HN ]