Quote from: edward222 on September 15, 2015, 07:17:00 AM

Credit to : : [url=/2015/09/09/paypal-pulls-out-of-puerto-rico-huge-opening-for-bitcoin/]PayPal Pulls Out of Puerto Rico; Huge Opening for Bitcoin

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The original online payment platform, PayPal, has decided to leave the populous island of Puerto Rico next month. The commonwealth has imposed a 2 percent take on any money transmission, forcing Paypals hand. So what does this mean for those who need to send money from Puerto Rico?

Puerto Rico Begins Capital Controls

When a countrys economy or currency is struggling or on the brink of collapse, the citizens start to move money out of the nation to protect their savings from the devaluation. Nine times out of ten, the economic downturn is caused by poor governance and economic policy, not the citizens. Therefore, the people would rather invest their money in appreciating assets, not poor leadership and economic decline.

I can't help but wonder how long til the regulators decide this new policy disparately impacts minorities
(hispanic) and fines them into oblivion?

So instead of paying the 2% fee they just close operations. Pretty funny that Paypal is against such fees when they take more themselves. In an ideal world this would help bitcoin but doubt many people will move to it.

fcuk

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