Banks Are Afraid Of BTC And They Are Chasing Their Customers Away

Banks are afraid of bitcoin and many of them are deciding to cut down all relation with cryptocurrencies which is not a good choice for some users who decided to cut ties with the banks who avoid bitcoin. Let’s see in the altcoin news below what exactly is happening.

Founder and partner at Morgan Creek Digital Anthony Pompliano noted on Twitter that he received an email from an upset client that was sent to the CEO of the Royal Bank of Canada and the letter is an example of how people are getting tired with the poor service that the banks provide especially towards the crypto investors. At the beginning of the email, you can see how the customers cut ties with the bank saying:

 “[Our] recent experience with RBC has been nothing short of horrible, and we just can’t deal with all the nonsense anymore.”

Apparently, the user was very disappointed for a longer period of time and the banks deciding to stop serving users that make business with bitcoin was the last drop for the user. The email continues with more frustration saying:

 “We need our bank to be a partner we can rely on who will help us be successful both personally and in business.”

According to the client, banks are afraid of Bitcoin and the RBC was the perfect example of it. The person than listed the problems that he faced with the bank including the prolonged process involved in day-to-day checking on top of the difficulties during the process of opening an account for a family trust that runs a daycare. After sharing his story, he noted that the bank flagged him as suspicious since he owned cryptocurrencies and then he wrote:

 “There is absolutely no way we can continue doing business with an institution who believes [they] can dictate what we can and cannot do with our money. Ironically, banks have been fined billions of dollars over the last few years over this.”

As noted in the latest cryptocurrency news, Anthony Pompliano’s tweet received more than 3,000 likes and 900 retweets.