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They weren't allowed to buy USD except at a regulated exchange rate, and the banks complied. They weren't allowed to buy stablecoins either with the same restr
by lern_too_spel 3y ago
They weren't allowed to buy USD except at a regulated exchange rate, and the banks complied.
They weren't allowed to buy stablecoins either with the same restrictions, but Coinbase ignored the rules. Breaking the law does not represent a unique benefit of cryptocurrency.
- maxcoder4 3y agoBut letting the people buy a stable asset that still protect them from inflation is. Maybe I'm wrong, but if they could but it from the bank too, why did they choose cryptocurrency way? I'm sure they had a rational explanation. (disclaimer: I didn't read TFA because of the paywall)
- lern_too_spel 3y agoBecause by breaking the law, Coinbase was able to offer a better deal. https://www.quora.com/What-are-the-apps-that-offer-U-S-A-virtual-bank-accounts-to-Nigerians https://www.quora.com/What-are-the-apps-that-offer-U-S-A-vir...