Nostr Web Client

Just started a bitcoin business and went to open a strike account and got rejected. Tried to open a River account rejected.

Bank of America opened an account for me literally hours after I created my business. They opened it the same day I created the company.

I had to wait days for strike to deny me.

How the fuck is a fiat bank going to provide better service than the 2 bitcoin companies that everyone recommends?!?

Guess I will have to buy bitcoin from Coinbase or some shit.

Step your game up baby face.

No business --> no money

No money --> no bank account

No bank account --> no business

How much of this issue is regulation that advantages the established banks, and how much of this is poor policy from Strike?

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The bank opened an account for me with just an EIN and partnership agreement.

Strike asked for way more information and ultimately denied the business on its own discretion.

Interesting, so definitely an internal policy issue.

I had a similar experience opening an account to buy Bitcoin for my business, between Shakepay & Bull Bitcoin.

Bull Bitcoin had less hurdles to go through. While I like the Shakepay UI, Bull Bitcoin just had much less friction.

what bank did you use w strike?

Not sure what you mean? They wouldn’t let me open a business account so I couldn’t link any bank