For years, crypto firms complained about being “debanked” in the US. Under the Trump administration, a group of fintechs is rolling out the red carpet.
Man creates crypto to remove middleman costs. Middleman boots crypto. Crypto begs middleman to let it back in. Middleman says OK but it will cost you. Crypto cheers, “Take our fees!” Middleman wins again.
shadowmage666 on
Wait,
Tradfi is trying to stop it. Fidelity ripple and circle all got cease letters from the 5 major banks. They are afraid.
nobotz on
Is “debanking” better than the “unbanking” that Celsius brought us a few years ago?
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For years, crypto firms complained about being “debanked” in the US. Under the Trump administration, a group of fintechs is rolling out the red carpet.
Read the full article: [https://www.wired.com/story/the-great-crypto-re-banking-has-begun/](https://www.wired.com/story/the-great-crypto-re-banking-has-begun/)
Man creates crypto to remove middleman costs. Middleman boots crypto. Crypto begs middleman to let it back in. Middleman says OK but it will cost you. Crypto cheers, “Take our fees!” Middleman wins again.
Wait,
Tradfi is trying to stop it. Fidelity ripple and circle all got cease letters from the 5 major banks. They are afraid.
Is “debanking” better than the “unbanking” that Celsius brought us a few years ago?