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Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments


Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments

For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan Chase, US Bank, and Capital One have been complaining about technical issues. Moreover, circumstantial evidence shows that a decent number of people who got their stimulus money have spent the funds on cryptocurrencies.

The Antiquated Banking System Struggles With People’s Stimulus Payments

During the last week and a half, Americans have either been talking about getting their $1,200 stimulus checks or complaining about issues with the banking system. There’s been a slew of headlines explaining how a multitude of American mega-banks are floundering trying to process stimulus money. Reports note that banks like Capital One, US Bank, JPMorgan Chase, Bank of America, PNC, and even Paypal customers have been dealing with problems. Four days ago, news.Bitcoin.com reported on how the podcaster Tim Pool asked his 446,000 Twitter followers if they were having banking issues and many told him they were having issues for 1-2 days. Read More...



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