How Bitcoin solved my startup’s international banking problem

“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/

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