Will Robinhood Save Us From Coinbase's Tyranny? by Crypto Investor
Will Robinhood Save Us From Coinbase's Tyranny? by Crypto Investor
Coinbase is currently dealing with a PR disaster where many customers buying Bitcoin / cryptocurrencies with debit cards or credit cards have been double charged as a result of a change in its Merchant Category Code by Visa. This was designed to reclassify these transactions as "cash advances" in an attempt to curb purchases of cryptocurrencies with credit cards. You can bet the guys over at Robinhood are celebrating watching their competitor struggle just as they are about to launch their cryptocurrency trading platform for buying Bitcoin. Steemit Post:
https://steemit.com/cryptocurrency/@c... / https://www.youtube.com/redirect?q=https%3A%2F%2Fsteemit.com%2Fcryptocurrency%2F%40cryptovestor%2Fwill-robinhood-save-us-from-coinbase-s-tyranny&event=video_description&v=vSaiqcMssOk&redir_token=pd5l50PwddsMRnG1Gq7ST7jNctN8MTUxOTIzMDE1N0AxNTE5MTQzNzU3
While the change should have gone through with relatively little pain, the unfortunate reality is that refunds were delayed over the reprocessed charges and many customers got slammed with extensive overdraft fees and maxed out their credit cards. This fiasco adds onto other issues with Coinbase, namely their poor support, lost wire transfers, Bitcoin Cash drama in December, and various other controversies. These have added up to deal a substantial blow to its reputation and has led to an opportunistic time for a competitor to swipe in: Enter Robinhood Crypto. Since I am limited by characters on YouTube for these descriptions, click the Steemit link to see a full script of the video (if you prefer reading over listening to my "Bueller... Bueller... Bueller" voice). Let me know your thoughts on Robinhood Crypto in the comments below. Thank you for watching / reading!
My personal links:
https://www.binance.com/?ref=11008397
https://www.cryptopia.co.nz/Register?referrer=billybonus
https://www.bit-z.com/user/signup?pid=1242758&lang=en
I think any competition for Coinbase is good competition. Hopefully it will also bring a ton of new users to Bitcoin