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Fold has been reporting on their Discord that many users are having issues using PayPal bill pay over the past week. I paid my cable bill this morning without issue. Though many are reporting being unable to pay credit card and mortgage bills.

If this goes away, I don't think it would be worth it for me to continue to use Fold. We'll see.

David W 2y ago 💬 2

Capital controls are starting. Attempting to slow the exits.

Already happened in 🇬🇧 with exchanges via banks. Expect more of this type of news in 🇺🇸 & 🇪🇺

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Discussion

boston wine 2y ago

Time to stack some more corn

myself 2y ago 💬 2

I deposited some USD in Paxos and I had to go through a long AML process in which they asked for a lot of documentation and took a few weeks in total. I've used Paxos in the past and sometimes they asked for documentation but it was never like this. Maybe this is capital controls?

David W 2y ago

Sounds like it. More and more bureaucracy and record-keeping, to ruin the experience and make you think twice next time.

Traditional banking needs a spanking

David W 2y ago

Eventually AML just becomes ‘computer says no’ 🚫