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0 sats \ 2 replies \ @2big2fail 28 Jan 2023 \ parent \ on: Prime Trust to cease all business in Texas effective 31 Jan 2023 bitcoin
strike has its own money transmitter license in texas.
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0 sats \ 0 replies \ @PROTOPHREAK 28 Jan 2023
Ok an update to my previous response. I looked into this a bit more and it is true that they have an MTL for Texas: https://strike.me/legal/licenses/
But it also lists they have an MTL for South Dakota, which they no longer operate in because Prime Trust is not currently operating in that state.
Could go so many directions so I guess we will have to wait and see.
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0 sats \ 0 replies \ @PROTOPHREAK 28 Jan 2023
That is good to know. I did not think to check but they probably list their licenses some where on their website. I am going to check Swan too but they probably have a license as well.
I can't imagine either are very happy with Prime Trust right now. Maybe they know the "why" behind it all though. Prime Trust does not explain it to sufficient understanding beyond "We pulled our license, will reapply ASAP".
Prime Trust honestly kind of sounds like a bit of a shit show of a company from what I am gathering.
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