The process of opening accounts for Cayman companies at traditional banks is becoming increasingly strict, with long review periods and high rejection rates. Many Web3 practitioners are starting to explore alternative solutions—such as offshore accounts, digital banking services, or directly using crypto payment tools for fund settlement. What solutions are everyone currently using?
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SandwichVictim
· 01-09 05:07
Bank card is gone, wallet is my bank haha
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ShibaMillionairen't
· 01-07 07:46
Traditional banks have directly locked us out, offshore accounts are also hard to manage, now we mainly rely on digital banks and stablecoins to tough it out.
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PermabullPete
· 01-07 07:38
Banks are really getting harder to deal with; it feels like opening a Cayman account has become a luxury. I'm currently using a mix of offshore banking and stablecoin settlements. Although the process is also troublesome, at least it works.
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UncommonNPC
· 01-07 07:29
The traditional banking methods are no longer workable, and now they are all using digital banking combined with on-chain settlement. Hong Kong is doing pretty well.
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OnchainArchaeologist
· 01-07 07:28
The banks are squeezing us to death; it's better to settle directly on the chain for a more straightforward experience.
The process of opening accounts for Cayman companies at traditional banks is becoming increasingly strict, with long review periods and high rejection rates. Many Web3 practitioners are starting to explore alternative solutions—such as offshore accounts, digital banking services, or directly using crypto payment tools for fund settlement. What solutions are everyone currently using?