Subnostr

#bitcoin branches are open 24/7 - about 1000+ steady mainnet nodes added the past year #plebchain

#bitcoin vs #bank "land of the free"

BoA closes 21 branches in ONE WEEK while Wells Fargo shutters 15

Banks are closing branches faster than they’re opening new ones. U.S. banks closed over 3,000 branches last year while opening just 1,000. JPM Chase led in branch closures last year, shuttering 144 branches, while opening 133. The trend will likely continue as banks face staunch competition for deposits and younger customers from online banks, fintech firms and Big Tech.

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Discussion

mleku 2y ago

the central banks are trying to shut down the entire network of private banking.

it's one of the ways you know you are living in a decent place if the banks aren't closing and shutting out customers for no reason. i had a huge problem in bulgaria while opening a bank account for a job, went back to a bank that i had an open account up until 2017 and they refused to open an account for me, even with an employment contract and a lease agreement. because i was a foreigner.

i had to fall back on a neobank.

i'm very suspicious about neobanks being part of the play here in this too. right now they have pretty good service but the Ts and Cs keep getting more fucked over by the EU.

Robertrobert 2y ago

Who even walks in to a bank these days?!