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RE: STEEM CREDIT CARD

in #steem7 years ago (edited)

I would imagine you are correct. The real issue is around money transmitter licenses at the Federal level, State level and the new Bit Licenses at the more regional level. I remember reading once t would cost $25 million in regulatory fees and compliance costs just to get those licenses.

Personally, I don't think an ecosystem of about 200,000 is large or a mature enough market to support a credit card yet. Just need deep pockets to carry the company until such time.

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Oh That makes sense.