Bitcoin ATM Companies Are Preying on the Poor

There’s a laundromat in a working-class immigrant community on the outskirts of Washington, D.C. that is much more than a place to wash and dry clothes. The store offers alternative financial services — bill payment processing, money orders and check-cashing services — charging for many transactions that most banks perform for customers at no extra cost.

Millions of people in the United States rely on services like those offered by the laundromat because they don’t have enough…


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