this post was submitted on 18 Jun 2025
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imagine you’re a YouTuber and want to accept donations: that will force you to give out your name to them, which they could use to get your address and phone number. There’s always someone that hates you, and I rather not have them knowing my personal info
if you’re the seller then it’s a lot better. With the traditional banking system, with enough knowledge you can cheat both sides: stolen cards, abusive chargebacks, bank accounts in other countries under fake name/fake ID…
Crypto simplifies scamming when the seller, and pretty much makes it impossible for buyers
Card payments, international tranfers, national transfers taking days to complete, money being seizable at all times
Their plans are basically all focused on the card you get. Pretty sure they make money with it, else many wouldn’t offer cash back (selling infos and getting a fee from card payments?)
Banks are evil anyways, does it really change anything? The difference is that it technically helps everyone using crypto, not only the rich.
Plus P2P exchanges are a thing
That’s just factually false. Do you know the price of a swift transfer? Now compare it to crypto tx fees, with many being under $0.01