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Call it "providing financial services to a neglected/stigmatized sector of the entertainment industry and bringing the benefits of official banking and regulati
by Arrath 5y ago
Call it "providing financial services to a neglected/stigmatized sector of the entertainment industry and bringing the benefits of official banking and regulations", then. Yes my first comment was probably worded with an inflammatory bent, but this does genuinely seem like an underserved sector.
Akin to the problems legal marijuana grows and dispensaries have with accessing banking services (though in that case due to federal regs), the stances of the entrenched industry leaders seem to bring more negatives than would come from providing the needed services.
- rchaud 5y agoI understand, but there's usually a good reason why the underserved sectors are the way they are. For the payments industry I would imagine this market is simply not large enough to allow for economies of scale, so the services can't be priced at a level where it can be sustainable. It seems like an obvious area for crypto to stake a claim, but that doesn't appear to have happened.