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/biz/ - Business & Finance

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11751583 No.11751583 [Reply] [Original]

Anyone here fundamentally believe in cryptocurrencies outside of just making money on speculation?
For me currency coins have a special allure as I travel a lot and have to move funds around for longer stints where I cannot simply take it on the airplane in cash.
Western Union is a poor experience and I have been brought in on so called money laundering charges in shithole places twice, which turned out to just be a squeeze tactic by local law enforcement .
In SE Asia and India you can load pre paid cards at ATMs with cash, these have also fucked me with regulatory authorities .
I understand anti money laundering laws, but the worst experience by far has to be opening an account at a local bank and using forex services to convert and transfer, the time it takes and red tape involved is ridiculous.

When are we going to control our own money biz without the kikes fucking us in the ass?

>> No.11751956

Yes, but you will not find friends here. Adoption is a death sentence for these faggot's bags. Actual adoption would declare a winner and all the other shitcoins doing the same thing plummet to near zero.

>> No.11751979

>>11751583
Ripple solves a lot of problems desu. Especially if it becomes used everywhere (cross-border settlements not just implemented at banks but regular transactions too) and you don't have to convert to their shit currencies.

>> No.11752009

>>11751956
Based. I can tell which users are on here and the state of the market by looking for deviations from this truth.

>> No.11752024

Ehh XRP seems to have a good use.

>> No.11752034

I run an import business so I believe strongly in XRP for many of the same reasons, the forex system is a fucking joke

>> No.11752043

I believe we'll eventually use them for actual purchases and payments online.

>> No.11752051

>>11751583
>>11752034

AML/KYC isn't a joke.

>> No.11752063

>>11752051
KYC is once, then you're good forever

>> No.11752554
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11752554

>>11752063
This, once your setup your good for your transfer limits.
Forex is a mountain of crap and bank wire fees every fucking time, not to mention actually opening an account in these counties which requires a temporary residence status. Banks don't usually take visas .