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RE: SOLVING THIS PROBLEM WOULD SOLVE ALTCOINS FOLLOWING BITCOIN!
I have heard the horror stories. That is awful that your friend cannot join any bank. But that could be a blessing. Some banks even charge you just to hold a checking account. Has he looked into a investing firm? I know Etrade will send you a debit card if he wanted to hold his money there. Not a bank, but some place safe to hold his money.
I'll have to look into that. What about crypto debit cards - anyone have any opinions or feedback? It's something I really need to look into.
I am currently using a Shift debit card. They're really good, only 10 dollars for the card and then you can connect it to your Coinbase account to use any of their offered currencies to withdraw money from. I think the standard ATM fee is 2.50 which isn't that bad
Ah, cheers for the information. I'm in Australia though, so we have some limitations. For instance, I don't have access to the exchange and thus can't sell - only buy. But I will have to look into whether or not I'm actually able to withdraw funds.
Ah, I see the dilemma. I will do some research and see if there are any cards you could potentially use.