Tag Archives: Banking

Local bank informs me they don’t understand Cryptocurrency.

My bank just sent me a letter that told me that Cryptocurrency is here to stay. The letter listed their fee for, “Wire Transfers internationally.”

  • Wire transfer international (outgoing) cost $100.00 USD per transfer.

Wow, talk about stuck in the past. That made me laugh out loud. Plus they informed me how they sell my data.

In my opinion this is a sure sign that my bank is still clinging to old school monetary methods. Either the banking systems adapt to newer technology to stay relevant or maybe they will try to regulate cryptocurrency to hold onto their monopoly.

The cryptocurrency world is moving fast. Can it be stopped?

Time shall tell.