Banks are trying to shut us down

Holy mother of GOD...I hold a lot of REQ

Long on REQ and XLM
I'm prepared

I think the best thing to do is follow the dark web example. Start having people accept bitcoin and others for actual goods and services. It just takes a few.

Oh you want a new car? We accept bitcoin
You want a new house? We accept bitcoin
You're buying groceries? We accept bitcoin

and on and on and on, we have to wrestle dominance from the banks and the dollar, no one said this would be easy

>hi norman

it depends if visa is shutting down all crypto services or just cancelling wavecrest because of their location + new requirements based on where they are

i doubt they'll be able to shut this down entirely though, crypto is effectively not involved as far as visa is concerned, all the risk is taken by the company offering you the card. they accept crypto, convert it themselves. wavecrest/visa takes less risk than other types of processors because there's no chargebacks for crypto.

We need to issue our own cards
With hookers and blackjack

Pay with crypto, with your phone to another phone. Instant and free.

We need RaiBlocks on phones.
We need Request for shits and giggles.

We need to print plastic cards with pepe on it for credibility

4 months waiting for that tenx piece of shit completely in vain...

Fuck visa

does this have anything to do with Visa introducing blockchain technologies in 2018??? Just read a whole article they posted il get the sauce quick

Real man's money. Business man's money. Government man's money. Military man's money. XRP.

tenx is vapor, before it launched there were 10 other cards. avoid any ico shit and stick to real businesses.

ill be looking to see which real provider has new cards shipped out the fastest, and go with them.

Gas the kikes?

In the meantime, until someone comes up with a solution, expect billions of dollars to start flowing back into the markets as people drain their accounts in these companies.

I've got 5 BTC going back to Binance now.

This is why we need ripple

*smugface.jpg*

hahahahha
faggots

serves them right for trying to use existing BANKSTER systems

instead of pushing CRYPTOCURRENCY

Lmao

>Retards thought that they could evade taxes with anonymous crypto debit cards.

Visa has sold you. All of your info is going to your local tax authorities.

doubt it'll affect the markets, apart from the shittokens of these card "companies" like tenx.

its not even about tax, visa wouldn't shut down a single company for tax reasons. and apparently this is EU only too, and i dont know how europe is for crypto taxes but they cant be as bad as we are in the US

>using visa products

cucked

>pepe on it for credibility
the best part about this statement is that it's true. Pepe has more credibility than the pedo papers they are printing

>but they cant be as bad as we are in the US

You'd be surprised. 25% VAT on cryptos, and then 30% capital gains tax on top of that certain places in Europe.

So how req can take visa out of equation, genius?

but do they have an IRS going after everyone like we do? that would be the only reason to shut cards down for tax

I hate Boomers so much.

REQ is a door to go in and out of crypto or even FIAT with almost no fees. Think about it, ALL world and digital currencies can move freely and trade freely with each other on the REQ network, its beautiful for people with patience.

Have you even read the whitepaper? REQ will essentially a currency-swap through the kyber network of crypto, ERC20 and fiat.

You pay with shitcoin #22, and I receive USD.
I pay with Euro, and you receive shitcoin #584.

BNT will fix this.

they have no solution for any of this

More than that bro
Shit you could pay some fucker in airline miles and they get dollars.

I wish REQ was on bittrex bc it’s literally the most exciting project in cryptos.

I'm daytrading doing the right moves, consistently making profit but I can only do it with peanut money, gaining 20$ here 15$ there.
The moment I try to do the same with 2x the amount to make serious gainz I shit the bed.
Help me Veeky Forums

wrong thread bro

they will provide total and instant fiat/crypto liquidity via their website and app... it will be like the costco of crypto.

they still need a payment processor, thats the choke point for all of these services. and thats no different to using an exchange with an app.

the cards mean you can top your shit up once every X days and just spend shit day to day like normal. with a card like that you can get away without even using a bank entirely

SOLUTION, BUT DON'T DO THIS, IT'S ILLEGAL. I REPEAT, DON'T DO THIS, IT'S ILLEGAL AND THEORETICAL.

>Set up company in Panama through law firm (with you holding PoA). Costs approximately $4000. Yearly fee of approximately $1500
>Set up corporate bank account outside of Panama (for 0% capital gains tax). Cayman Islands is the best
>Withdraw all crypto sales to corporate bank account
>No reports of these funds have to be shown to Panamanian authorities, since the income was generated outside of Panama
>Use corporate debit card and online bank to do whatever the fuck you want

AGAIN, DON'T DO THIS. IT'S ILLEGAL MOST PLACES.

Banks are afraid, but once one nations starts issuing its own money in crypto the trend will explode worldwide, it is the inevitability of technology

>BUT DON'T DO THIS, IT'S ILLEGAL.

LOl no it's not. That's what the Panama papers were about. No one went to jail besides some Pakistani minister.

First I want to acknowledge that you are making good points. But Stripe already takes BTC... other payment processors will follow suit sooner rather than later.

cashing out is still the problem tho. exchanges need KYC, and if youre withdrawing a fuckload of money theyre probably going to deny it without jumping through hoops and showing tax statements and shit

follow suit in which way, banning shit, or more official ways of accepting btc? because i doubt cards are going to have a harder time that stripe when it comes to accepting shit.

This. It starts small, local shops accepting bitcoin for baked goods, for commodities
Then for electronics
Then cars
Then houses
We won't need to cash out, and there'll be no need for fiat
Of course, the government will probably just making trading crypto illegal under the guise of
>muh deepweb drugs
>muh terrorism funding
Etc

I meant following suit in accepting BTC.
Maybe I'm missing something but with Stripe now at least for online transactions you can just use your phone to scan a QR code provided at checkout. Then you validate the transaction via whatever wallet you have on your phone.

>do you accept bitcoin here?
>no we only accept cash... bitcoin cash *winks*
>you wink back
>Roger ver walks by outside window with a smerk

Still doesn't explain how to get fiat out or in. niether how it will make visa obsolete. Try again

kekd

well yeah, the trend is definitely going to be more shit accepting it than not, the flood gates are open with ETFs and futures now.

Thats OMG

req doesnt solve shit, closed systems just arent going to be useful for many years

"How can Paypal take Visa out of the equation?"

Here you go, hope its not too much reading for you. REQ is a great long term hold if you have 1000 tokens or more hackernoon.com/request-network-is-more-than-just-paypal-2-0-it-could-revolutionize-the-finance-world-87b54bb455

Does this have anything to do with my bank not allowing me to use a debit card to buy on Coinbase but allowing me to do ACH?

A few thousand in lawyer fee's

if they will shut down down others with a better service will appear
VISA crypto cards will be replaced in seconds

1000 tokens or more you say.. fuckin jeet

nah just wait for STK and just use their mastercard

>banking system to an end and they are trying to shut us down
>it's our turn to fight back
>cash in 100k$
Are you baiting?

You're still thinking in old-world solutions.

Fuck these banks.

ideality it would work like this:
> you buy stuff from company with Crypto
> company pays employees with Crypto
> employees buy thing from other companies with Crypto
> repeat

This going back and forth to paper money has to stop at some point. Instead of cashing out, try to buy from companies that support Crypto. Go work for a company that supports Crypto. Ask to be paid in Crypto