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Old 09-09-2015, 11:01 AM
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edward222 edward222 is offline
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Default PayPal Pulls Out of Puerto Rico; Huge Opening for Bitcoin

Credit to : Tax Avoidance News : PayPal Pulls Out of Puerto Rico; Huge Opening for Bitcoin

Quote:
The original online payment platform, PayPal, has decided to leave the populous island of Puerto Rico next month. The commonwealth has imposed a 2 percent take on any money transmission, forcing Paypalís hand. So what does this mean for those who need to send money from Puerto Rico?

Puerto Rico Begins Capital Controls

When a countryís economy or currency is struggling or on the brink of collapse, the citizens start to move money out of the nation to protect their savings from the devaluation. Nine times out of ten, the economic downturn is caused by poor governance and economic policy, not the citizens. Therefore, the people would rather invest their money in appreciating assets, not poor leadership and economic decline.
Your thoughts guys?
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