Let's say I have a commonwealth award bank credit card and my current statement are $1500 and only able paid $1100 by due date but I will be able to paid off the $400 on the same day as the next statement.I am curious if this will affected my purchased interest rate/fees or how would it work.
In the last two years, CBA has
- Blocked my debit, credit cards from being used for crypto stating the market is too volatile.
- Sent me repeated emails and letters with a recommendation that trading in crypto is unsafe
- Marked repeated wire transfers to the same exchange as pending much longer than usual to discourage it, so much so that I had to eventually resolve to using Pay ID's or other digital only banks (it even blocked transfers to a few of them).
- Stated that they don't consider crypto currencies as an asset class, when applying for a loan (and frankly don't wanna hear anything about it).
And now I get this
An email that I might get access to it's upcoming crypto platform, quoting below ✉️
>We believe we can play an important role in crypto to address what’s clearly a growing customer need and provide capability, security and confidence in a crypto trading platform.
As much as I am ecstatic by the fact that crypto adoption is growing, and a little happy that they had to cave (insert a big smirk here), this absolutely infuriates me. 😡
Not only that, as a dev who's worked in the blockchain space before, I even had a few reach out to me asking if I was free to take up a gig working on the new platform.
My wife on the other hand, had a more positive outlook 😊
>You should consider both, no reason you can't make money off of something you hate! unless it goes against who you are as a person. In fact it's the best form of revenge.
I applied for a CBA credit card and they initially said all I had to do was upload a pay slip. So I did. Now they want a tax notice of assessment. Problem is my income is under the tax threshold so I don't have one of these because I am not required to submit a tax return. They should have known this based off of the pay slip I gave them. I chose CBA because they don't have income requirements like Westpac do and the 'conditional approval' gave me a limit far higher than I actually needed (I have a bunch of other assets) so I opted for a far lower credit limit than they offered. So I feel like it shouldn't be a problem with my income.
WTF am I supposed to do?
https://www.reuters.com/business/cop/australias-cba-leads-industry-offer-in-app-crypto-trading-2021-11-02/
I'm not sure if this has been posted yet, nor if it is involved in this pump but this is Insanely bullish nonetheless.
Even if Amp is not directly involved in these stages, remember that Amp/Flexa's success is very tied to Geminis, and when Gemini expands in the future then so do we. However, one could also conjecture that Amp is involved here, similarly to Banco Agricola in El Salvador.
This would perhaps also explain why 5% of Amps supply (>2 billion Amp) was staked into the Gemini collateral pool instead of the Lightning pool recently, despite the nearly 4 fold difference in the APY %s. HODL m8s.
"Commonwealth Bank will be the first major Australian bank to offer customers the ability to buy, sell and hold cryptocurrency directly through its app, with the move “reimagining banking” it said.
It will provide its 6.5 million customers with access to up to 10 selected crypto coins including bitcoin, ethereum, bitcoin cash and litecoin via a new feature in the app."
Bullish
Hi!
Title says most of it, but yeah I have had my money locked in my Commonwealth Bank account for nearly 7 years now without any way to withdraw it as the function is locked for me since I am not on Aussie soil ATM.
Is anyone knowledgeable about this that could help me finally figure this thing out?
Cheers and thanks in advance!
Commbank in a news announcement today, indicated it would allow the trading of cryptocurrency, approx 10 crypto coins. Not sure if Algorand is one of them, but if the Algo Council could get involved i think this would be massive for Alogorand.
To give no Australians an idea, CommBank made 25bil in revenue last year and it represents the main stream of banking.
What do we think ?
So here in the land of upside down one of our major banks has made the bold decision of starting crypto trading within it's bank app. I know this doesn't affect the majority of traders as Australia is a minority in the crypto game. However this is the start of the major bank / crypto merge, which anyone with a basic knowledge of crypto will understand is a really bad move. Yes they say they are implementing the trading through Gemini API's so that you'll be trading on Gemini through the bank app, but they'll still have access to your crypto. If you can access it through the bank app, the bank can access it. THAT IS EXACTLY WHY CRYPTO WAS INVENTED, as an alternative to the banking system due to the financial crisis of 2007/8.
Regardless of how it's implemented this time, we need to never begin using banks as crypto trading or it will set a dangerous precedent for the future. Even if you are completely in control of your own funds with this bank (you wont be), it's still showing that people are okay with banks interfering with cryptocurrencies. If you're a commBank user or plan to get it because of crypto functionality, don't, you'll just be encouraging other banks to do the same thing and ruining the purpose of crypto.
Just as a simple way to explain why it's stupid for banks to get involved if anyone wasn't already aware, I can put this simply.
the initial reason for BTC was so that you can control your own funds and be your own bank.
If a bank offers crypto trading where you are your own bank, they aren't doing anything, so just do your own trading without the risk of a bank getting involved and fucking your shit up.
If a bank offers crypto trading where they are your bank and they hold your funds, they're destroying the crypto market and you're helping them. If banks get involved and hold the majority of crypto it just becomes another game for them, it's another stock market for them to abuse and make money off of. Who provides that money? Us, the people trying to trade crypto to get around the banks.
TLDR; Fuck banks, Fuck Commonwealth Bank. Don't allow them to take over the crypto space.
https://www.youtube.com/watch?v=wj2d0J5e0og Ive been saying for years banks need wallets not sure if shib is in this but its a start.
