Topic: German digital bank N26 quits UK 'due to Brexit'

Erik !AltRitexT6 started this discussion 6 years ago #96,582

https://www.cityam.com/german-digital-bank-n26-quits-uk-due-to-brexit/

We've got them on the run.

dreamworks joined in and replied with this 6 years ago, 2 minutes later[^] [v] #1,089,971

So did coinbase!

Fake anon !ZkUt8arUCU joined in and replied with this 6 years ago, 58 seconds later, 3 minutes after the original post[^] [v] #1,089,972

Nothing says "economic success is on the horizon" like banks fleeing a country lmao.

Anonymous D joined in and replied with this 6 years ago, 1 minute later, 4 minutes after the original post[^] [v] #1,089,973

@OP

> https://www.cityam.com/german-digital-bank-n26-quits-uk-due-to-brexit/
>
> We've got them on the run.

You are a staggeringly stupid person.

Killer Lettuce? !HonkUK.BIE joined in and replied with this 6 years ago, 6 seconds later, 4 minutes after the original post[^] [v] #1,089,974

Sigh.

dreamworks replied with this 6 years ago, 52 seconds later, 5 minutes after the original post[^] [v] #1,089,976

@1,089,972 (Fake anon !ZkUt8arUCU)
It's not a real bank

Fake anon !ZkUt8arUCU replied with this 6 years ago, 13 minutes later, 19 minutes after the original post[^] [v] #1,089,984

@previous (dreamworks)
That's ok the UK isn't a real country so it's fair.

dreamworks replied with this 6 years ago, 5 minutes later, 25 minutes after the original post[^] [v] #1,089,987

@previous (Fake anon !ZkUt8arUCU)
It's 4 countries!

Erik !jzYkdX7lIw joined in and replied with this 6 years ago, 1 minute later, 26 minutes after the original post[^] [v] #1,089,988

@1,089,973 (D)

> > https://www.cityam.com/german-digital-bank-n26-quits-uk-due-to-brexit/
> >
> > We've got them on the run.
>
> You are a staggeringly stupid person.

No, you are. If you look into this you'll realise they used brexit as an excuse for their failings. I mean... they entered the market 2 years after the referendum

tteh !GETFUCKED joined in and replied with this 6 years ago, 1 hour later, 1 hour after the original post[^] [v] #1,090,020

N26 were small, fewer than ~200k UK customers. Their offering was vastly inferior to Monzo and others, so this move is pretty expected.

tteh !GETFUCKED double-posted this 6 years ago, 5 minutes later, 1 hour after the original post[^] [v] #1,090,022

@1,089,984 (Fake anon !ZkUt8arUCU)
N26 is popular in Germany and France because those countries' banking systems are awful. Uniquely terrible.

Compared to Monzo, N26 offered nothing new or innovative to UK customers. Their inferior service even had account fees.

tteh !GETFUCKED triple-posted this 6 years ago, 1 minute later, 1 hour after the original post[^] [v] #1,090,023

@1,089,971 (dreamworks)
> So did coinbase!

No they didn't? Traded yesterday.

Anonymous H joined in and replied with this 6 years ago, 46 seconds later, 1 hour after the original post[^] [v] #1,090,024

@previous (tteh !GETFUCKED)

> No they didn't?

Did they, or did they not?

tteh !GETFUCKED replied with this 6 years ago, 5 minutes later, 1 hour after the original post[^] [v] #1,090,027

@previous (H)

Anonymous H replied with this 6 years ago, 27 seconds later, 1 hour after the original post[^] [v] #1,090,028

@previous (tteh !GETFUCKED)
What?

dreamworks replied with this 6 years ago, 3 minutes later, 2 hours after the original post[^] [v] #1,090,030

@1,090,023 (tteh !GETFUCKED)
I got an email saying they are moving to Ireland. They will still serve UK customers I think

tteh !GETFUCKED replied with this 6 years ago, 3 minutes later, 2 hours after the original post[^] [v] #1,090,032

@1,090,028 (H)
They didn't.
@previous (dreamworks)
They opened the office in 2018 in case the UK left, to maintain EU operations. They're not leaving the UK, unless I missed something.

(Edited 24 seconds later.)

dreamworks replied with this 6 years ago, 20 minutes later, 2 hours after the original post[^] [v] #1,090,035

@previous (tteh !GETFUCKED)
However at some point later in 2020 we will transfer your relationship for the provision of E-Money Services from our UK E-Money firm to our Irish E-Money firm, Coinbase Ireland Limited. This will allow us to continue to provide you with E-Money Services following the end of the transitional period agreed between the UK and EU on 31 January 2021. We will be in touch in due course to confirm the exact timing and further details of this transfer.

tteh !GETFUCKED replied with this 6 years ago, 14 minutes later, 2 hours after the original post[^] [v] #1,090,039

@previous (dreamworks)
Guess they're doing that for EU customers. Makes sense. No change for me and they've not announced they're leaving the UK.

(Edited 17 seconds later.)

Anonymous I joined in and replied with this 6 years ago, 35 minutes later, 3 hours after the original post[^] [v] #1,090,057

@1,090,032 (tteh !GETFUCKED)
Instead of saying "No they didn't?", you should say "No they didn't."

tteh !GETFUCKED replied with this 6 years ago, 7 minutes later, 3 hours after the original post[^] [v] #1,090,063

@previous (I)
I could have also said that, yes. :)

Rhetorical question marks how do they work. ?

(Edited 4 minutes later.)

Green !StaYqkzUPc joined in and replied with this 6 years ago, 43 minutes later, 4 hours after the original post[^] [v] #1,090,087

Never even heard of them before today.

Anonymous K joined in and replied with this 6 years ago, 2 hours later, 7 hours after the original post[^] [v] #1,090,145

Meanwhile in Trump’s America the economy is roaring

dreamworks replied with this 6 years ago, 10 hours later, 17 hours after the original post[^] [v] #1,090,237

@1,090,039 (tteh !GETFUCKED)
Um where the license is is the important bit

tteh !MemesToDNA replied with this 6 years ago, 22 minutes later, 17 hours after the original post[^] [v] #1,090,238

@previous (dreamworks)
Coinbase will still have a licence in the UK. They need to deal with EU customers from... an EU country; you get Ireland (the obvious choice, as the Republic have made the bar to acquiring e-money licences as low as the EU allows, in traditional Irish fashion).

I understand what you mean, but the UK losing out on being Coinbase's 'EU HQ' isn't the same as Coinbase's total departure from the UK.

dreamworks replied with this 6 years ago, 6 minutes later, 17 hours after the original post[^] [v] #1,090,243

@previous (tteh !MemesToDNA)
No but it's moving most of the revenue to Ireland

tteh !MemesToDNA replied with this 6 years ago, 3 minutes later, 17 hours after the original post[^] [v] #1,090,244

@previous (dreamworks)
If there's anything Ireland loves it's tax revenue from large, American corporations. ?

Anonymous L joined in and replied with this 6 years ago, 3 minutes later, 17 hours after the original post[^] [v] #1,090,250

@previous (tteh !MemesToDNA)
Tell that to Apple.

tteh !MemesToDNA replied with this 6 years ago, 2 minutes later, 18 hours after the original post[^] [v] #1,090,252

@previous (L)
(That was the joke.)

dreamworks replied with this 6 years ago, 17 hours later, 1 day after the original post[^] [v] #1,090,609

@1,090,244 (tteh !MemesToDNA)
Then why don't they pay any taxes

dreamworks double-posted this 6 years ago, 1 week later, 2 weeks after the original post[^] [v] #1,094,772

Sony too!

dreamworks triple-posted this 6 years ago, 49 seconds later, 2 weeks after the original post[^] [v] #1,094,773

I'm assuming this is Brexit related anyway

Minichan