Slammed doors and legacy flaws

Despite Bitcoin’s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether it’s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with the legacy financial system.

For the vast majority of Bitcoin-based businesses, this means that they probably need a bank.

Cointelegraph spoke to Bitcoin-only businesses about their experiences working with banks, given that…


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