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Its the banks! They are able to service trillions of transactions between countries, but are not capable of servicing a couple of millions to a website. Yeah,
by JanezStupar 13y ago
Its the banks!
They are able to service trillions of transactions between countries, but are not capable of servicing a couple of millions to a website.
Yeah, right.
- vidarh 13y agoIf they have banking problems it has nothing to do with banks ability, but about banks willingness. International banking can be difficult, and almost all of that difficulty is about banks worried about fraud and money laundering. E.g. I remember trying to pay someone in Russia for some work some years back, only to find out my bank considered the Russian bank "too risky", and I had to transfer money via the Russian banks account in some US bank. When you're trying to be an exchange for a currency not supported by any government, I'm sure that's raised a ton of red flags in a lot of banks. Note I'm not saying that is sufficient to explain MtGox's current predicament, but there's also every reason to assume that they have some degree of banking problems.