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Using Bitcoin has certain advantages such as cutting off the middle man, bypassing non-transparent AML regulations and having almost instant transaction settlem
by m00dy 3y ago
Using Bitcoin has certain advantages such as cutting off the middle man, bypassing non-transparent AML regulations and having almost instant transaction settlement without waiting for days.
- ahoka 3y agoIs this satire?
- riffraff 3y agoit must be, the article clearly states that there is a middle man that immediately converts bitcoin in USD so Ferrari's dealers never see it, and that middle man also deals with KYC and AML stuff.
- smegger001 3y agoI think it cutting the user facing middleman if given a bitcpin address from the users prospective it doesn't matter whether it goes to a wallet controlled by Ferrari or a payment processor working for Ferrari. No loan officer no bank paperwork no limits on cash withdrawal and kyc bs. Just take money out of bitcoin wallet point at address. Would I do it no. Bitcoin is speculators game not a longterm store of value but if i was an early bitcoin miner I could see the value proposition and how it might look like you could avoid the irs taking a cut