
“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:
The Financial Case for Borrowing Money Today
If You Have Nothing to Hide, Be Very Worried
It’s a Sound-Money Alternative to the Dollar
Smartphone & Laptop Searches: Know Your Rights
How Do You Take Your Poison?
Could You Be Arrested For Offering A Lyft?
Small minds, big ideas: The implications of the IRS targeting anti-tax groups
America – Land of the Free?
John Whitehead, America’s Reign of Terror: A Nation Reaps What It Sows
MIT Economist’s Audacious Paper on Economic Climate Models
Four Charts Showing How Obama’s Statist Agenda Is Hurting Jobs and Growth
An Orwellian America
Bitcoin’s 'Demise' A Reminder Of How Not Free We Are
Detlev Schlichter: Good riddance to deposit ‘insurance’
Love It or Hate It, You’re Missing What Really Matters About Bitcoin