what?

When trying to onboard with strike they kept asking me for the business bank account. I said I didn’t have a bank account for the business - I was the bank. They asked where the funds for the business were coming from. I said personal savings. I guess these answers were unsatisfactory. That or they didn’t like my business. Which I described to them (we don’t have revenue yet and are in R&D phase). I guess it’s their prerogative but I’m framing the rejection letter and putting it on my office wall as motivation.

If I had been able to use strikes billpay I would have been able to build the business without ever touching a dollar. Which would have been cool. Now I have to find a new way.

Terrible! But where does this fractional reserve thing come from? Was that the other service provider / bank?

Well I assume any legacy bank that I create a business account with will be fractional reserve. Funny how I have to build my fuggin business on top of that!

I know what you're going through. I paid off my debts a few years ago and since then I have trouble opening accounts and I can pretty much forget about getting any loans. No debt = no loans. Funny how that works. A few years ago Binance rolled out a debit card which I used until they lost their EU issuer (thank you ECB/EU) and that card enabled me to pay with Bitcoin everywhere, no fees, no ATM cost, cashback and interest on any balance. You could even set the order on how funds are used like EUR, USD, BTC, XYZ. Now I have Revolut and they're a total scam. They charge ridiculous fees all around and at times even rejected deposits from addresses I've withdrawn to FROM their site. Tbh, spending Bitcoin was easier 6 years ago than it is now. For me anyway.

The world is upside down

It's all done by design. taxation forces people into debt and debt keeps them working.