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Re:With GoBank, You Can Carry All Your Money In Your Pocket by Firehed on Tuesday January 15, 2013 @04:08PM (#5063004)
It's more of an issue that startups can not get those licenses - at least not early on. It's simply too expensive and too time-consuming - we're talking multiple millions of dollars over probably at least two years. Unsurprisingly, the people that hand them out (state governments) are a bit inflexible when it comes to presenting them with any business model less than fifty years old, although it's slowly improving in at least a few states.

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