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PayPal Pulls Out Of Puerto Rico-Bitcoin Suddenly Becomes A Preferred Alternative to Sending Money Out of the Island! (smaulgld.com)

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[–]futilerebel 22ポイント23ポイント  (5子コメント)

A two percent tax on money transmission?! Are these guys nuts??

[–]harryragit 10ポイント11ポイント  (0子コメント)

Looks like they got it for awhile from paypay. Their rationale is that money should stay in PR LOL -tax the transaction and people won't send the money!!!

[–]bitedge 6ポイント7ポイント  (0子コメント)

This is coming soon to a lot more places

[–]buttcoin_ss 3ポイント4ポイント  (0子コメント)

They are basically encouraging Bitcoin adoption with this.

[–][削除されました]  (1子コメント)

[deleted]

    [–]justbrowsingkthanks 7ポイント8ポイント  (6子コメント)

    The rise of mercantilism, targeting the assets of people who get nervous buying a pair of Nikes because it seems extravegant. You cant make this shit up.

    [–]ClickHereForBacardi 1ポイント2ポイント  (5子コメント)

    Neo-mercantilism is absolutely something you could say is on the rise. Originally, mercantilism was about sugar and spice and everything colonial.

    [–]justbrowsingkthanks 0ポイント1ポイント  (4子コメント)

    It actually makes sense (not this Puerto Rican across the board intervention into the lives of hut dwellers, but neo mercantilism as a broader movement). With the war of attrition of currency devaluation in a mad dash to export to the US coming to a close as Americans increasingly cant even afford the disposible plastic chinamart shit they throw at us this big phony global community kum ba ya is breaking into pieces. So countries are about to dump the dollar, tell the us navy to go drown themselves, and start trading oil in some new IMF invented fiat. But before that big middle finger gets thrust up at the washington monument they want to be flush in hard assets, like gold.

    [–]ClickHereForBacardi 0ポイント1ポイント  (3子コメント)

    Oh yeah, the observation was good. I just wanted to put the neo- on it because the movement is even more doomed than the original in a world where free trade is less policy and more force of nature.

    [–]justbrowsingkthanks 0ポイント1ポイント  (2子コメント)

    I dont think its doomed. free trade may lift the the aggregate economy, but it destroys certain segments that cant relocate, and now that the average middle class american is leveraged beyond belief and still cant afford to buy the shit they want people like Trump have a real chance. might or might not happen in '16, but protectionism is back baby, and the sooner the reptiles at bilderberg get cozy with that idea the better chance the west has at holding off the commies in beijing and moscow.

    [–]MacPR 0ポイント1ポイント  (1子コメント)

    Jesus man, that is some knarly shit. /r/conspiratard would love you.

    [–]justbrowsingkthanks 0ポイント1ポイント  (0子コメント)

    heh. Bilderberg sends out literal press releases and people still either think they dont exist, or else they are pinochle club who have casual brunches to discuss their favorite varietals.

    still, if i could attract a lucrative fanbase doing ironic truthy metaphors for the head in the sand ostrich society i might be willing to take my show on the road.

    [–]ctfn00b 5ポイント6ポイント  (0子コメント)

    how can it be preferred if still nobody is using it? That is a misleading title

    [–]11251442132 3ポイント4ポイント  (0子コメント)

    Note:

    PayPal aclaró que, a partir de noviembre, los clientes de Puerto Rico no podrán enviarle a dinero a sus amigos ni a sus familiares, ya sea en Puerto Rico o en el extranjero, a través de los servicios de PayPal o de Venmo. Esto incluye servicios de facturación, pagos masivos y recepción de pagos. Sin embargo, aclaró que los clientes sí podrán continuar utilizando ambas plataformas para pagar por bienes o servicios y para recibir pagos comerciales en línea a través de sitios web y aplicaciones.

    Source: El Nuevo Día

    My translation:
    PayPal clarified that, beginning in November, clients in Puerto Rico will not be able to send money to friends or relatives, whether they're in Puerto Rico or abroad, through the services of PayPal or Venmo. This includes billing services, large payments, and receipt of payments. However, PayPal clarified that clients will be able to continue using both platforms to pay for goods or services and to receive commercial payments online through websites and apps.

    [–]The_Canadian_Hat 9ポイント10ポイント  (1子コメント)

    “We regret any inconvenience this may cause our valued customers in Puerto Rico.”

    -Our ass

    [–]caveden 9ポイント10ポイント  (0子コメント)

    I'm pretty sure they do regret losing a market. If they were there before the tax, it means they were making money there. If they're leaving now, it's probably because they can no longer make money there. That's certainly something that doesn't please them...

    [–]Not_Pictured 6ポイント7ポイント  (0子コメント)

    This is good for bitcoin. Wow.

    [–]bltonwhite 4ポイント5ポイント  (4子コメント)

    Bitcoin hasn't become a preferred method there. It's an alternative. Trading bananas is an alternative too. Let's not get excited just yet.

    [–]pluribusblanks 1ポイント2ポイント  (2子コメント)

    Bananas cannot be sent over the internet...

    [–]StupidSexyConnor 2ポイント3ポイント  (1子コメント)

    🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌Yes they can 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌

    [–]pluribusblanks 0ポイント1ポイント  (0子コメント)

    You jest, but I'm going to explain why this is not the same thing anyway for the benefit of posterity.

    Digital banana icons are not scarce, they can be created in infinite number for free. Banana icons can be double-spent at will. These are bad attributes for money.

    No one can double-spend bitcoins or create arbitrary amounts of bitcoins out of nothing. This is because of proof of work and the decentralized, publicly accessible Bitcoin peer to peer network that anyone can join.

    Because the Bitcoin network is public and peer to peer with no gatekeepers, there is no one who can restrict citizens of a given country like Puerto Rico from sending their own money to anyone else in any country.

    [–]saxon84 2ポイント3ポイント  (0子コメント)

    Bananas do not make a good currency......

    [–]ItsAboutSharing 2ポイント3ポイント  (3子コメント)

    It seems many are getting pushed to BTC - Puerto Rico, The legal Cannabis Trade, Prostitutes that banks drop, etc. This is all ironic as it is a better money, just before it's time. Oh, and here comes the infrastructure.

    [–]spypl 0ポイント1ポイント  (1子コメント)

    Doesn't it just mean that business in Puerto Rico is not profitable and since not too many people send money via PP, even less will be using bitcoin? BTW. I didn't know puertoricans are so tech advanced to use btc )

    [–]nived321 1ポイント2ポイント  (0子コメント)

    Depends, are we talking about the puertoricans In the mountains or the big cities.

    [–]vlarocca -2ポイント-1ポイント  (1子コメント)

    PayPal should be renamed PayPRank , or just self rightcheous bitches

    [–]caveden 4ポイント5ポイント  (0子コメント)

    Did you read the news? The cause for their withdraw was taxation. It's the Puerto Rico government's fault.

    [–]bakutogames -1ポイント0ポイント  (1子コメント)

    Wait so they would rather pay a fee to buy it a fee to send it and a risk of devaluation over just paying a small tax?

    [–]pluribusblanks 2ポイント3ポイント  (0子コメント)

    They, the people of PR, do not have the option of paying the tax. The service is disabled by Paypal so the people of PR do not have the option of sending money off of the island using Paypal, even if they think the 2% is worth it.

    Conversely, Bitcoin allows anyone in PR (or anywhere else) to send money to any person in any country. Whether any fees that may or may not be incurred are worth it or not is up to each transactor to decide. Bitcoin is always an option to spend or send money in and out of every country, whether or not it is profitable for the banks and Paypals of the world to operate there.

    [–]VGNPWR 0ポイント1ポイント  (7子コメント)

    well the good thing here is that scammeers from U.S. or other parts won't scam people from here P.R. to send things through paypal and then say they did not receive the thing.

    [–]localuca[S] 4ポイント5ポイント  (6子コメント)

    the cost of doing business for paypal is too high with the tax. Does the Puerto Rican government really believe that the tax will work?

    [–]nived321 2ポイント3ポイント  (4子コメント)

    They gotta try something, that island is underwater... Maybe they will start trading with Cuba.

    [–]redlightsaber 3ポイント4ポイント  (3子コメント)

    And yet every single country that has tried capital control has slipper even further i to a downward spiral of economic instability and shrinkage (venezuela, argentina recently...).

    I understand why to an uneducated person that would seem like a good idea, but why are governments making these choices without consulting experts?

    [–]saxon84 3ポイント4ポイント  (1子コメント)

    Politicians aren't very smart

    [–]nived321 1ポイント2ポイント  (0子コメント)

    Politicians are not dumb... Greedy, self serving, corrurpt, and manipulative... Not dumb.

    How can you tell a politician is lying to you? His lips are moving.

    [–]trilli0nn 3ポイント4ポイント  (0子コメント)

    Governments are in the nasty habit of resolving short term problems in ways that exacerbate underlying long term problems.

    [–]caveden 0ポイント1ポイント  (0子コメント)

    It might be accomplishing precisely what they wanted (capital controls).

    [–]blk0 -1ポイント0ポイント  (1子コメント)

    Move some Bitcoin ATMs there now! They came too late to Greece.

    [–]TulipCoins 3ポイント4ポイント  (0子コメント)

    If you're trying to avoid fees, Bitcoin ATMs are not going to encourage people.