ePassporte Official Statment

[ecchi]

Originally Posted by Charlie

You think any of these companies being temporarily offered have a shot? Like payoneer or Web Money etc?

I have no idea about Web Money, but Payoneer has no hope unless they change their policies - see my comments in a earlier post in this thread.

Originally Posted by Charlie

Does security have anything to do with US Banking problems? I mean I like the idea my money is insured for up to a quarter million or do all countries do that (or at least in Europe)?

Originally the problem was simply the American government's fear of foreigners, they put up all sorts of barriers to foreign money to stop non-American companies getting a toe-hold in US trade. Unfortunately no one realised that it worked both ways, and you were keeping foreign money out, screwing up the US balance of payments.

I have also been told (by a bank manager) that the US banking system itself is very backward compared with most European countries, so that the problems are compounded by the fact that American banks simply do not have as high a level of technology as Europe.

I would guess that the current security fears have made things even worse, and the eP problems may (as artwilliams assumes) be wholly or partly triggered by this. But all countries have the same problem, so the US government has no excuse for being worse than elsewhere.

It is also possible that the crash scared more useless regulations into being (but...ditto).

However the shit state of US banking laws is not a new thing, it predates the twin towers attack, I have been having problems for about 20 years, and when I started working internationally it was already very much an old story.

Worryingly, since so many major banking transactions are beginning to rely on Broadband, and America lags far behind Europe in broadband availability, things are probably going to get worse.

In short, George W. had already mortgaged the US's ass to Asia before the crash, now things are even worse. And if the banking system does not pull itself out of the past and get with the program, America will never be able to get enough money in to pay off it's foreign debts. The result will be galloping inflation, low wages, and mass unemployment. So if Mr Ob does not do something pretty drastic pretty quick, the Mexican border will soon be patrolled by Mexican soldiers, desperately trying to stop US citizens sneaking into Mexico looking for work!

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