My soon to be ex bank has problems with me using my debit card to buy LRC and L2 eth with MY money. This has been a thing for more then a year. They approve it once, then lock my mobile app and next ramp transaction. Yesterday was the last straw, not only did they stop me from getting a LRC for a loopland avatar(which I am super stocked to play). Customer support hung up on me because they didnt want to wait for me to recieve the complaint form email to my inbox(which I still havent got). I have some liquidity pool LRC to devest and buy an avatar for me and my partner. But I wanted 100$ CAD of LRC cause I think it is also on sale. However with no easy way to obtain it I had to just do the only logical option. I sent all my money that was going to be crypto into my wise and bought that much in Gamestop shares. I dont need someone to manage my monitary transaction and I sure as fuck am not banking at a place that stops me from spending my money. Thanks for reading, as always be wonderful to others and do not let anyone tell/influnce you how to spend you money.
Unfortunately there have been so many crypto scams over the years (CEX - centralized crypto exchanges though!) that banks are eager to use that history to discredit DEX (de-centralized crypto with self-custodial wallets). The banks have a vested interest in pretending they’re the same thing, and they’re probably afraid of people at large realizing there is a way to hold and exchange currency out of their control.
Honestly I’d be surprised if major governments (lobbied/controlled by bank interests to a great extent) don’t try to outlaw DEX completely if it becomes too popular though.
Also removes funds from the perpetual fractional reserve banking system. I do get a bit of the hesitation, my thing is it wasnt a question of motives(ie nigerian price aksing) or if I of sound mind to make this trasaction. It just wasnt an option, and the hanging up on me while I waited for a way to lodge a complaint on bad service was a great touch. But also got my mtg lord of the rings commandar decks today in the mail so over… meh haha
