Grey Area on Nostr: チャノさん＠C103, 2日目、東ヒ48a >Pathward (formerly Metabank) Same ...
チャノさん＠C103, 2日目、東ヒ48a (npub1k2u…gk9j)
>Pathward (formerly Metabank)
Same company that issues the coinbase visa card.
>What struck me about SpendIt was how they allowed Visa prepaid card purchase with XMR and zero KYC. Bitcoin or USDT or some other transparent blockchain coin I'd understand, but it was surprising to me for any banking partner (in this case Pathward N.A. ) to sign off on giving anonymous credit cards to nameless internet ghosts sending dark money from out of the Phantom Zone.
It's because it is not a credit card, assuming the guidance as of 2016/03/21 is still current (Note: US regulations).
>for the purposes of the CIP rule, prepaid cards that provide a cardholder with (1) the ability to reload funds or (2) access to credit or overdraft features should be treated as accounts.
https://www.fdic.gov/news/financial-institution-letters/2016/fil16021a.pdf
>Pathward (formerly Metabank)
Same company that issues the coinbase visa card.
>What struck me about SpendIt was how they allowed Visa prepaid card purchase with XMR and zero KYC. Bitcoin or USDT or some other transparent blockchain coin I'd understand, but it was surprising to me for any banking partner (in this case Pathward N.A. ) to sign off on giving anonymous credit cards to nameless internet ghosts sending dark money from out of the Phantom Zone.
It's because it is not a credit card, assuming the guidance as of 2016/03/21 is still current (Note: US regulations).
>for the purposes of the CIP rule, prepaid cards that provide a cardholder with (1) the ability to reload funds or (2) access to credit or overdraft features should be treated as accounts.
https://www.fdic.gov/news/financial-institution-letters/2016/fil16021a.pdf