4 ms·
Well yea, the main use case is crime. You've just admitted to committing a crime.
by martin8412 4y ago
Well yea, the main use case is crime. You've just admitted to committing a crime.
- dlubarov 4y agoSurely we can think of other reasons they might want to avoid TradFi? Maybe the payment is related to, say, Cannabis, so companies like Wise would refuse to facilitate it [1], legal or not. Or perhaps they've heard the stories of PayPal seizing funds with no explanation or recourse (e.g. [2]), and don't want to roll the dice on that. Maybe they want to exchange currency at the actual market rate, rather than PayPal's 3-4% spread. Or they might not want to wait forever for a two-sided ACH transfer (usually the cheapest option with e.g. Wise), or pay wire fees and still have to wait until Monday morning before a US bank will consider processing the transfer. [1] https://wise.com/acceptable-use-policy https://wise.com/acceptable-use-policy [2] https://arstechnica.com/tech-policy/2022/01/paypal-stole-users-money-after-freezing-seizing-funds-lawsuit-alleges/ https://arstechnica.com/tech-policy/2022/01/paypal-stole-use...