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I rarely use cash as it is. No one is controlling my purchases.
by dlp211 5y ago
I rarely use cash as it is. No one is controlling my purchases.
- politician 5y agoEvery financial institution that processes your banking activity is also making an allow/deny determination on every transaction. Sorry to break it to you.
- dlp211 5y agoHardly. If a merchant accepts VISA, VISA isn't about to deny my transaction because the determination of suitability has been made before hand (assuming that I have the available credit). There are certainly cash only markets and the unbanked, the latter a much larger issue than the former. But isn't the existence of crypto (digital currency) supposed to be the grand solution to the former problem? Or does the promises of crypto fall down when actually forced to be used as a currency in a mainstream sense?
- politician 5y agoEvery transaction is subject to OFAC rules.