Coinbase CEO Gets Payment Blocked By US Bank, Crypto Fixes This

5 January 3 280x420

Coinbase CEO Brian Armstrong took to Twitter to complain about his recent user experience with two popular legacy fiat payment apps. Armstrong reportedly tried to send a payment to a colleague and was denied twice, highlighting the need for crypto alternatives. Brian Armstrong gets caught up with AML/KYC issues Brian Armstrong was not able to make a peer to peer payment to his friend using two different but extremely popular payment apps, Paypal, and Jack Dorsey’s Square Cashapp. Trying to send money to pay back a friend. Paypal tells me "recipient is unable to receive money" and SquareCash tells me my bank declined the payment. This is in the U.S. where these services work best. Imagine rest of the world. pic.twitter.com/iBPzPtlAy6 — Brian Armstrong (@brian_armstrong) February 12, 2020 Armstrong pointed out that he is facing these difficulties in the US, the world’s largest and most developed economy. He also pointed…

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