
“I spent literally months and hundreds of dollars trying to open a bank account in Europe. I called every bank I could find. Most of them were not willing to open an account for a US citizen due to recently tightened money laundering laws and the few banks that would allow me to open an account required that I travel to their country to submit my application in person. Some of the banks that wanted me to travel to the UK to open an account actually had a branch in the city I live in within the US. I decided to add the ability for users to buy & sell items using Bitcoins on my site in order to attract a niche audience. However, I had also solved my banking problem without even realizing it.”
http://www.reddit.com/r/startups/comments/1nxynn/
Related posts:
Obama Wins A Second Term: Now What?
No More "Free Trade" Treaties: It's Time for Genuine Free Trade
The Man Who Saved Russia from the Soviet Union
Why Bond Market Bulls Are About to Get Crushed
Governmental Travel Controls
Niall Ferguson: Networks and Hierarchies
The morning after: When a government destroys its currency
Judge Agrees: The Constitution Is a Sham
Never Forget 9/11... And Never Stop Asking What It Really Was
Anthony Gregory: The Right & the Drug War
The Power Elite-Obama Connection
Marijuana: What's Driving This Highly Profitable Trend
Beyond the Debt-Ceiling Debate
Bill Bonner: Are We on the Cusp of a New Bull Market in Gold?
Ron Paul: Nixon’s Vindication