Wise halts new UK and EU business customers amid capacity strains

[backpacker]

It will be regulated to death, unfortunately.
Rest assured, if governments and politicians are good in⁠ one thing then it is to kill innovation.

When Wise informed me︆ about this -> Wise personal account is Joke I stopped doing business with them.
It has become financially uninteresting to consider them anymore, due to their insane fees. I can︇ do cheaper transfers with traditional Philippine banks than with Wise.

 

[JohnnyDoe]

backpacker said:
It will be regulated to death, unfortunately.
Click to expand...

Fast forward to 2031 and everyone will be using xmr smi(&%

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[bizman]

Where and what service to‌ use that is reliable? What service to use if you have to transfer money to‍ a regular business not related to crypto but require you to transfer in euro?

 

[JohnnyDoe]

bizman said:
Where and what service to use that is reliable? What service to use if you have to transfer money to a regular business not related to crypto but require you to transfer in euro?
Click to expand...

There are many options already discussed in other threads for good EMIs and exchanges

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[clemens]

Maybe just⁤ a few names please?

 

[Why]

That’sminteresting. Crypto exchange with personal iban? So that would,look like a bank and‌ accept incoming transfers? What about outgoing transfers though, would they get flagged?
which exchange can‍ you recommend?

 

[JohnLocke]

Why should one have a personal account? If one is a company that‌ needs to handle crypto but also be able to pay bills via IBAN EUR transfers,‍ then one should have a business account that can do this, right?

I have sent⁠ a sea of questions to swapin.com - I hope it is possible to use them⁤ as a regular account and more.

 

[JohnnyDoe]

JohnLocke said:
Why should one have a personal account?
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With personal I mean for exclusive use and in one own's name, it can be obtained also as a company.

JohnLocke said:
If one is a company that needs to handle crypto but also be able to pay bills via IBAN EUR transfers, then one should have a business account that can do this, right?
Click to expand...

Yes, or if your personal setup allows this just move funds out of the company to yourself and pay bills on behalf of your company.

JohnLocke said:
I have sent a sea of questions to swapin.com - I hope it is possible to use them as a regular account and more.
Click to expand...

Please write a review once you have used it extensively.

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[PinkCat]

Few days ago they closed my account after having used them without any issues for‌ several years.

 

[Wellington]

In 2010, to buy Bitcoin (in Europe)

you had to send funds to Paypal, wait for⁠ it to process -> send to Virwox, then wait for it to process, then buy⁤ Linden Dollar (non-tokenised-USDT equivalent), then exchange Linden for BTC then transfer BTC out, took a⁣ fair few days lol.

Wise?

Source of all︀ the issues with Wise i suspect. Wise 250 quid transfer of sanctions person causes chaos︁ at wise.

 

[JackAlabama]

Nope, it will be exactly the other way around, it will separate money from state and‍ govs need to adopt and cater to customers coming to their lands.
Or are where⁠ you live no banned goods around, esp in Phillipines? 😉

 

[backpacker]

In cloud cuckoo land.
I do not need any banned⁤ goods. So, no need for any "seperate money".
--------------------------------------------------------------
Why do you cite the last⁣ part of post #21 ?

 

[kkein]

Judging by the fact only one is complaining here, I don't see (yet) a reason‌ to worry about existing accounts, unless there's an individual reason to worry.

 

[sriracha]

Can you suggest some?

 

[JohnnyDoe]

sriracha said:
Can you suggest some?
Click to expand...

https://www.offshorecorptalk.com/threads/crypto-exchange-with-personal-virtual-iban.43202/

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[sriracha]

Thanks!

 

[Cloudbanck]

They will not ban it or regulate‍ it to death, not because of the goodness of their hearts but because all the⁠ corrupt bureaucrats and politicians - and there are many of them - will want Bitcoin.⁤

Take just the ex Minister of Defense in Guinea, who was ousted in a coup⁣ like two years ago. It was found that he had the following possessions:

60M USD⁢ in cash
75.8 kg of gold
17 diamonds
47 Villas
53 Apartment buildings
18 Luxury︀ vehicles
7 Hotels
12 Factories for the production of bottled water and fruit juice
16 Chicken farms with a total of 2 million chickens
Exclusive rights ot export Cashew nuts︁ from Guinea
Various mining concessions

This guy was too old to get Bitcoin, but the︂ next generation of guys like him will totally have large Bitcoin posessions, and there are︃ lots of guys like him.

Also when a type of money is being debased, people︄ go to another type of money that is harder to create more of. Has happened︅ many times in human history. In Latin america typically an inept dicator/socialist will print his︆ own currency into oblivion and try to stop the population from moving over to the︇ harder US Dollar, calling the dollar imperialist money, imposing capital controls, cracking down on black︈ market exchanges and imposing a far from market exchange to himself and his cronies. But︉ it never works, people move over to the dollar anyway.

And where will people move︊ to when the US starts acting like a latin american banana republic and prints the︋ US dollar into oblivion to cover ever increasing entitlement spending (and military spending) ? Yup,︌ BTC.

 

[JohnnyDoe]

Cloudbanck said:
Take just the ex Minister of Defense in Guinea, who was ousted in a coup like two years ago. It was found that he had the following possessions:
Click to expand...

this is just what they found smi(&%
There's a reason why the minister of defense (responsible for patrolling the borders, including the coast) was so loaded. With the compliments of all the retarded EU citizens who fuel the commerce.

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[Napoleonwasnotshort]

anyone else experiencing issues / account blockage from Wise?

I'm going through a change, trying‌ to understand how 'wise' is to leave there 6digits for more than few months..

 

[Why]

Just don’t do it.