“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:
A Guide to Stock Splits
Jeffrey Tucker: Mises Can Save the World
Will Grigg: Nationalizing Children
Bob Higgs: The Relentless March of the U.S. Police State
Bernanke: A Tenure of Failure
It’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities
Removing Impediments to Bitcoin's Success
Killing Without Consequences: "Counter-Insurgency" Warfare in Greenfield, CA
Letter from Shenzhen
James Corbett: The State is Not Great
Carlo Ponzi, Alias Uncle Sam
Timing the Collapse: Ron Paul Says Watch the Petrodollar
Bitcoin Is Not Surging, 'Going Ballistic' Or 'Going On An Astronomical Tear'
Keep Families Together: An Anarchist Christmas Message
Nasser Al-Awlaki: The Drone That Killed My Grandson