Thursday, February 22, 2018

Fiat, sandbox interface

Bitfinex is a fiat tumbler in the sandbox, always looking  for compliant bankers in the swift system.  They need robotic account control.  

It is really the laundry business because their strategy for tether should be published bank accounts, it is the tradebook it is what attracts usage.  But usage is not what bitfinex wants, they want dirty laundry. 

Welcome to the sandbox, glad to have you. the legitimate customer has stablecoin, or just plain pipeline controlled bearer assets of all types. But we like dirty laundry also.

Harold Reusken, an ING spokesperson, has confirmed via email that Bitfinex holds an account with the bank in the Netherlands. Mr. Reusken did not comment when asked if ING also provides services to other companies associated with Bitfinex.
Mr. Reusken indicated that ING is typically willing to work with “companies that are in the value chain of cryptocurrencies,” rather than “companies that are in traditional markets and receive or do payments with cryptocurrencies.” The spokes person said “With regards to companies that are active in the crypto market, we are very conservative”. Mr. Reusken also stated that ING is currently experimenting with distributed ledger technology.

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