Just the latest bank to try and stop the rise of cryptocurrency in the word. Capital One joins the growing ranks of big banks that are banning transactions to Coinbase.
They are trying to slow down the migration of capital from the standard global system into the future. This is a standard protectionist measure, trying to stymy growth in a new industry which threatens their existence.
Whey doesn't Jamie Dimon believe in Bitcoin? Because it has the potential to replace his bank as a means for storing wealth, effectively limiting his own profit. He made $27M last year just in standard compensation, why would he want anything to threaten that?
Seems like the big boys are all starting to collaborate and try to effectively ban us from moving our money into crypto. Sites that provide access to purchasing crypto from fiat will start springing up more and more to counteract this. Just look at what Vertcoin is trying to do with Vertbase, allowing people to purchase directly from USD.
It's a wild west we're in right now, get as much $$$ into the right tech and HODL!
