Wells Fargo Bank recently decided to suspend the bank account used by popular Bitcoin Exchange Bitfinex.
Perhaps because Wells Fargo feels the pressure… Traditional banking is under threat from the bitcoin revolution — and they’ll find any excuse to push back by creating negative news about our industry.
What’s strange here though is that Wells Fargo apparently offered no excuse, no reason at all, for suspending the Bitfinex bank account.
And despite this negative news for bitcoin, the bitcoin price was not adversely affected. In fact, the price has gone up!
This shows the increasing resilience and strength of the bitcoin network, and the future is bright.
If you have bitcoin on an exchange such as Bitfinex, what can you do to:
- a) withdrawal money in USD back to the US while Bitfinex resolves this situation (probably by finding another bank to do business with), and
- b) how can you future-proof your bitcoin by withdrawing money at a moments notice?
Withdraw and spend Bitcoin in USD with our debit card
Registration is free, fees are fair, and you can spend bitcoin by converting into traditional currencies (including USD) and withdrawing cash at your local ATM or using your debit card at any store that accepts VISA.
Keep your options open. Stay on the cutting edge of bitcoin personal finance and money management. Open a Wirex account today and your first Virtual Payment Card is FREE. You can start spending your bitcoin in USD today. Or at least transfer some bitcoin from your Exchange to your Wirex wallet for safe keeping.