The general partner of Andreessen Horowitz claims that the banks have launched the so -called ChokePoint 3.0 operation, which involves the deprivation of users of access to crypto companies to suppress competition. Rampell suspects that the campaign began against the backdrop of a decrease in pressure from regulatory departments after President Donald Trump coming to power. Under President Joe Bayden, tough regulation measures limited to crypto companies access to banking services, but now a new problem has arisen: banks take restrictions on their own hands.
The co -owner of the venture company complained that banks take high commissions for transactions when transferring money to cryptocurrency platforms like Coinbase or Robinhood. Clients pay a lot of money for such simple things as sending money or receiving information about their accounts, which is already indicated on the check, the partner of Andreessen Horowitz is outraged.
High commissions are not necessarily related to the desire of banks to increase income – bankers are trying to keep customers from leaving the cryptocurrency platforms, Rampell is sure. He gave an example when, to transfer $ 100 to a crypto platform, the user had to pay a commission of $ 10. Most people can abandon these actions in order to save money, the co -owner of Andreessen Horowitz believes. According to him, some banks forbid customers to bind their accounts to cryptocurrency and fintech applications, luring people into a trap of traditional banking systems and depriving people of the opportunity to use more profitable financial instruments.
Most banks impose similar restrictions, Rampell said. The general partner of Andreessen Horowitz called on the American Bureau for Protection of Consumer Rights to prevent banks’ attempts to compete with crypto platforms.
Recently, the co-founder of the Gemini crypto-tank Tyler Winklevoss was accused of the American JPMorgan Chase bank of trying to destroy fintech and crypto companies, suspending the registration of Gemini clients.
Source: Bits
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