This page has been archived and commenting is disabled.
Wells Fargo, America's Largest Bank By Market Cap, Pushing To Offer Bitcoin Services
Earlier we pointed out that mortgage origination at Wells Fargo - the bank's bread and butter - is crashing at an unprecedented pace, and as per the conference call, Q1 isn't looking any better. Naturally, it stood to reason that the bank would seek alternative business and product lines to supplant the declining revenue it used to generate when it would originate some $100 billion in mortgages every quarter, now half that number. However, not even in our wildest dreams did we predict just what this "alternative" product would be. Because, as the FT reports, Wells Fargo, the largest US bank by market cap, is currently exploring Bitcoin as just that revenue replacement source. Per the FT: "Wells’ anti-money laundering chief, Jim Richards, has launched a group to examine how it might safely offer Bitcoin-related services or banking arrangements to virtual currency entrepreneurs, according to people familiar with the initiative."
More:
Wells chief executive John Stumpf said it was the bank’s practice to examine financial innovations.
“We have made enormous investments as a company and as an industry in a payments system that is secure, and we need to be sure we are up to speed with what other things are going on and their risks and rewards,” he said.
“We want to make sure we understand what it is, what it does and what it does not . . . . The world is changing and will continue to change. Whether Bitcoin will be a big part of that, who knows?”
As the FT accurately points out, "the difficulty in persuading financial institutions to offer bank accounts has become one of the biggest difficulties facing Bitcoin entrepreneurs in the US." Which of course means it is also a great opportunity for the first entrant, such as what almost certainly appears to be Wells:
Wells’ public-private group, comprising more than a dozen members, was scheduled to meet in San Francisco on Tuesday to debate the security issues surrounding banking and Bitcoin. One possible aim would be to produce a set of anti-money laundering principles for established financial institutions to follow when dealing with virtual currency start-ups, according to a person familiar with the event.
Naturally, the US government's desire to increasingly regulate Bitcoin has pushed it to scramble in clearing up what the legal status of Bitcoin is: "last month the Congressional Research Service circulated a report on virtual currencies for policy makers, setting out a list of areas where the legal and regulatory approach to Bitcoin remains unclear. These range from national tax issues, because Bitcoin profits are not recorded within the traditional financial system, to concerns among individual states."
However, as HSBC and various other criminal banks have shown, if a client is willing to pay for a service, regulations and/or laws is the last thing banks are concerned with, so while the US Congress and Fed dither on how to treat Bitcoin first Wells and soon all other banks will provide some Bitcoin-related services.
Then the only question becomes whether the people who have used Bitcoin in the past precisely because it remained at more than arms length away from the big money centers, will continue to do so now that BTC is for all intents and purposes just another institutionalized asset, if not quite currency just yet.
»
- 20443 reads
- Printer-friendly version
- Send to friend
- advertisements -
Buy dollars, suck Ben's cock!
That is EXACTLY what you are doing.
Nope, I'm buying physical silver. Plenty availlable. Paper price of silver to zero, bitchez! LOL
I bought gold and now all of them suck my dick!
Main stream leads to regulation which ends in irrelevancy
Actually, being a fiat currency leads inevitably to irrelevancy.
That a Dollar is but not Bitcoin.
Yup, with Warren Buffet & Charlie Munger toasting Satoshi Nakamoto for allowing them to get rid of their employees & overhead. They will offload all their customer data to the blockchain, and the miners will maintain it all for free. Who needs big servers, bank tellers, or burger flippers? They will pursue the ever-holy bottomline.
I'm still waiting for automated tulip dispensers.
Julia, they already exist; they're called bitcoin ATM machines.
...or they call them Buffett Bucks.
I am hoping Satan calls his boy Warren home soon.
I wonder if they serve Cherry Cokes and Cheeseburgers in the 9 Circles of Hell in Dante's Inferno?
Only to Chris Christie.....
But you have to suck off every one of the Rothschild's kin before you get anything. That might take some time, but you've got all the time you'll ever need.
You like more to suck off at Satoshi and Rockefellers?
Bitcoin's going mainstream, yet the majority still has no idea what it is aside from catchphrases they get from the media. There's money to be made here!
Get your Bitcoin investor kit right here! Each box comes with a hash pipe tied to a concrete block with a chain. Pay only shipping and handling! Get you bitcoin kits! All you need to mint some of'em imaginary coins! Get'em while they're cheap. Only 1oz of gold per item delivered. Then you can reture young and sip martini's sitting in a recliner all day.
My name is Fonestar, and I approve this message.
Satoshi is Dog! ;-)
I approve his message will self destruct in 5 minutes.
if you can't pierce it with nipple rings, it's not real
This is how some have to be a morons, to exchange one ounce of gold, for one Bitcoin! LOL
Automated tulip dispensers is the easy part. Anyone will quote you a price to sell you a tulip. In fact, I have a few Beanie Babies left, authentic, mint quality, with perfect tags.
The hard part is where you put tulips in, and get money out.
HMMMMM.............Only took the Bittards 5 seconds to line up in lock step with same posting time. Are you in the same room together?
Welcome to the party, hope you enjoy!
Lol! Cutting banks and bankers out of the picture is a major appeal to people using bitcoin. Good luck with that!
Bankers are VAMPIRES, ... all here can agree.
BTC blood flows freely everywhere,
1.) No-Recourse, all deals are final at the 'enter'
2.) Hand's off by the cop's
3.) Blessed by Politcal elite
4.) Merchant charge-back non-existant
5.) non-recourse for consumer,
the vampires love BTC who could have guessed?
So now how do the BTC HO's defend BTC? My guess is that they'll just say this only legitimizes a 'good thing'
Think only yesterday that the entire mantra of BTC was that it was anti-establishment, now its GONE full establishment.
Where are the BITCON HO's, ... of course they were on the ESTABLISHMENT PAYROLL since day-one.
Best of all they're PAID in BTC, which means the VAMPIRES lose nothing, ... the entire BTC FRAUD is a win-win for the early promoters.
Everything you have just listed there is a plus point for bitcoin you moron.
If your trying to knock it you should get back to your pipe and dream up some fresher bullshit that actually sticks.
"We want to make sure our monopoly on laundering money is not threatened"
The movie/music industry attacked Napster and won. The movie/music industry lost in the long run because...well now we have torrenting...unstoppable.
So now banks are approaching bitcoin like the movie industry approached napster....and it will end with the same results as free minds always prevail.
The banking industry is about to become obsolete...with or without bitcoin. And without the need for a central bank we can now eliminate needless wars.
...the movement is unstoppable.
...the movement is unstoppable.
"WE told you it was unstoppable, we never told you that you wouldn't lose all your money".
Oh yeah, the anti-Establishment, fiat-threatening nature of bitcoin on display once again!
Come one, come all, receive your free Mark of the Beast today!
Why force the masses into your NWO schemes when you can so easily make them eager to accept it on their own? Just like TBTF bankster-feeding credit cards and trackable and surveilleable cell phones --- it's all for YOUR convenience! LOL!
Says the faggot with a social security number.
Maybe you should tattoo it on your forehead for easier access, civilian.
What has happened to you, tmosley?
You used to be consistently reasonable and at least minimally civil here.
It appears that your bitcoins have done something to you, unfortunately not for the better.
What happened to me? Nothing. What happened to YOU? You are the one running around screaming about the Mark of the Beast at the top of your lungs while shouting down concepts you admit to not understanding because they make you feel bad.
You are a pot calling the china black. Do you know the meaning of the word "reason"? Your "feelings" don't factor in to it. You SURE don't know the meaning of the word "civil", given your treatment of the proponents of bitcoin.
Honestly, you can go fuck yourself. TPTB didn't create bitcoin to divide us. But you did it anyways. Because dollars are so fucking great, I guess.
Wow.
Your little vacation from ZH has turned you into a real asshole.
An especially gullible, bitter and angry asshole, too.
Sorry that I ever agreed and stood up for you in the past here.
PS: Have fun with your bitulipmania, and flushing your savings away with your eCabbagePatch dolls.
This is what happens when people find religion. It quickly delves into Us vs Them and dialog ends. The sad fact is, ultimately, there could be a place for Bitcoin as a way to skirt the prying eyes of government and preserving transactional privacy. So there is some commonality with stackers and crypto currency proponents. That we are fighting among ourselves is truly tragic because it gives advantage to those who least need it. I hope for the day when there is a modicum of respect or at least tolerance on this issue which seems, at the moment, to be at an impasse.
Miffed;-)
"there could be a place for Bitcoin"
I would say that there could be a place for crypto currencies in the future, once the existing problems with the protocol are solved. But the changes in the software would be major, and most likely implemented in an entirely new and different alt currency. Bitcoin is too mature and embedded to implement the changes that would be needed to make it a reliable, bullet-proof fault-tolerant system.
Easy on tmosley, he is just a little hungry right now. Turd forgot to feed him his kibble.
akak Tmosley has become the unfortunate victim of a "walk-in" or something of that sort. I do understand that he is making a point to buy phizz with bitcoin. That's not for me, as I believe crypto-currency to have too much of a dangerous downside. Tmosley was a great silver troll hunter back in the day here at ZH and I also rooted for him. Sorry to see the change to such a fine fellow.
Tmosely, was also a member who caught my interest when I simply spectated from the sidelines. BTC fanaticism has ruined him indeed. The religion of Satoshi is deplorable.
After for Bitcoin was allowed to buy marijuana, many fans Bitcoin, got nervous breakdowns from from such big happiness.
Oh yeah right, they'll offer exchange services at a guaranteed 10% margin on a wildly fluctuating commodity which means they'll make 15% on every transaction and just try to prove otherwise.
Actually they won't because I'm sure 90% of the traffic would be bitcoin to cash, leaving them holding bitcoin - and just where are THEY going to unload it? Not to mention 90% of the business would be drugs, guns, or money laundering.
Who says they need to "unload it", they have endless supplies of fiat to buy it all up and make it useless.
Which may (or may not) have been the plan all along (cash conversion of nothing) according to the incomprehensible ramblings of fonestar.
They won't hold it if they can't hedge it, and nobody in their right mind is going to hedge Bitcoin. Which I guess means AIG will be all over it. Sigh.
More likely they'll create WellsNuggets that is officially public like Bitcoin BUT (a) cannot be mined, and (b) is magically held at parity by WFC.
You say "drugs, guns, or money laundering" like these activities were Bad Things.
Methinks you've got a long way to travel before you stumble across the path to enlightenment.
People that deal in BTC don't want anything to do with banks. They don't need banks. That's supposed to be one of BTCs' greatest atributes. There are already conversion services that specialize in BTC anyways. Go pound sand W.F. you leeches!
To those thinking owning gold and silver is a finger to the bank, guess what. Banks, not individuals, own most of the gold and they can always print money and buy gold / silver. They don't have to take yours either. They can dilute the money supply until fiat is nearly worthless and you're forced to cash in your miserable stash of shinies to buy the next meal or pay the rent. Meanwhile they're laughing all the way to their own bank, having purchased all the assets worth buying, forcing you to do work to earn a living while they do none.
Bitcoin is a statement against the bank? Well, how do you gentlemen get bitcoins? Do you live off what you personally mine? Do you grow potatoes and feed them into a bitcoin ATM, or do you earn dollars (or other fiat) and then convert them to Bitcoin? What makes you think that a bank cannot do everything you can and then some? Bitcoins are convertable to fiat, so anyone who prints fiat can print themselves permits to aquire bitcoins just as easily. They can enter and leave any market at will. If they win, it's their keep, if it's a loss, they'll get backed by their bosses and by the taxpayers at gunpoint.
They can't print bitcoin? Well, they couldn't print gold. Didn't stop them from acquiring it through funny looking pieces of paper.
Yeah, you're right. I think I'll just shoot myself in the head. This shit is definitely not worth fighting for.
Shoot yourself in the back of the head, make it look like an accident.
at least twice to truly qualify as an accident
You make very good points, and I personally don't trade in BTC but find it important to understand how it interacts with the various global monetary systems.(trading against other financial instruments)
If I did deal in BTC as an medium of exchange or commerce, I certainly wouldn't give any bank one cent of my hard earned cash/BTC if it could be avoided.
Which is why there are numerous merchants (like me) that would very much enjoy to have your business all over the world-and growing!
The hardest thing in life is to KEEP your wealth, if you play BTC, its only a matter of time before you lose your wealth, and that is the problem.
***
Wealth preservation is next to impossible, making money is easy - Carnegie
***
Most wealth is preserved in the FORM of GOLD or LAND.
In times of war your land can be lost, that is why GOLD exists.
Cultures such as ASIA that are +6,000 years old only HOLD wealth as GOLD or LAND, and land is #1, and if you have to run away then you keep GOLD #2 as insurance, ... all else is BULLSHIT.
***
Anybody holding their WEALTH in the form of BTC 1.0, there is a 99.99% chance ALL their wealth will be gone prior to the end of this year. If not by fraud then by the BTC "KILL SWITCH", there are simply too many known un-knowns in the BTC pyramid scam to keep the bitch afloat beyond this year. Block-Chain failure, insertion of 'fakes', exchange / mining-pool conspiracy, given they control over 90% of 'coin', which means original Satoshi 'trust model' was lost long ago.
If 101 predicts the future in BOLD with a few CAPS LOCKS thrown in for good measure, it is obviously foreordained.
If fonestar decides to login as "the hound", you know that he knows he ain't going to win the bit-tard debate on this day.
Fucking hell, like 3 BTC op-posts today, .. and I would say 90% ZH commenters have gone FULL negative on the BTC-BITCH.
***
I can imagine a BITCOIN conference, bankers, assholes, mafia, ... 14 year old boys, all part of the NewWorldOrder.
If you wanted to take out the NWO, probably nuking the next VEGAS BTC conference could set them back a few years.
***
Foney I'm really bored with BTC, ... there are many other more interesting topics, ... FYI, so fear not, ... I don't give a fuck about BTC. I don't have a bet on the bitch one way or the other.
Every asshole on the planet, that is an asshole 'Bernanke', fucking WF, GS, JPM, CIA, NSA, ... all love BTC, and the morons., My gawd the morons love BTC like fly's on SHIT.
TRUTH can be found http://en.wikipedia.org/wiki/Bitcoin
[ real non-partial analysis of the BTC fraud ]
Then the LIES can be Found http://bitcoin.org/
[ official wash-dc nsa lobby for btc ]
https://bitcoin.it/
[ talking points for bit-tards ]
Given that 100% of BTC is backed by fraudulent liar assholes, ... BTC speaks for itself, I don't need to say shit.
Bores me to death, it does.
Aww, don't go just yet. You will be sorely missed.
You just cannot stop spouting shit can you ?
What the fuck is your problem man ? You went to the trouble of creating a Satochi account so you could mouth off a load of totall un-educated bullshit drivel or what ?
I must say , some of it is quite entertaining , but fuck me don't you have anything better to do than pluck shit out of your dream state and post it here ?
The dogmas aren't getting better by repeating them.
And wealth preservation with land? Uncle Sam is eating it away, never heard of property tax?
It all human history over 90% of all great family fortune was made in real estate,
Now some nerd dicks, that think pussy is their boyfriends asshole are telling the world that real shit is no longer wealth,
Guess what nerd pussy-men, your not the first to invent a new paradigm to fuck your older brothers out of their life savings, nor will you be the last.
***
There is nothing new under the sun, BTC is just cabbage-patch dolls and beanie-baby's being ran out of croatia/russian, and china.
And a lot of real estate in history was lost due to disasters, wars or simply the owners could not afford to maintain it due to long term economic declines.People in US were simply lucky over the past 150 years. And even during that time real estate did barely beat inflation. High price to income ratios are simply not sustainable, everything has to go back to the historical normal.
More Bullshit from this asshole expert who knows fuck all. Most family fortunes were made through banking , war , ownership of large oil & mining companies , didn't you know that real estate is a fucking liability , and so is gold when the gubberrment want it they will take it by force if they can.
Google the top 100 wealthiest. One, two maybe did it with real-estate.
Bill Gates did pretty well stringing 1's and 0's together....
so, I think we all know TPTB and the NWO-type fucks want to push the world into a one-world currency that's totally digital at some point so that they can completely dominate our lives and dictate everything we do or else our digital shit gets frozen or penalized, etc. Right???
See where I'm going with this?
I'm thinkin' I like phyzz silver better than all this paper and digital bullshit.
Just sayin'...
Of course, most of us here feel the same. But commerce moved away from bullion centuries ago -- It is not very practical in a world of billions people. In the meantime keep using your fiat for everyday needs or try for something better that actually works...
Dusty Springfield - Wishin' and Hopin'
Bullshit. That is just the self-serving propaganda of the fiat masters, which you, like almost everyone else, has swallowed hook, line and sinker.
So is it so much more "practical" to have infinitely and invariably corrupted, overissued, economy-distorting and economy-destroying fiat currency? So much more "practical" to allow ourselves to fall victim to the same old monetary scam and abomination over and over and over again, that has stolen billions of people's savings and probably impoverished and ruined hundreds of millions of lives, all for the benefit of a tiny elite in control of that money? REALLY???
I hate fiat currency as much as anyone. I'm looking for alternatives. What do you offer? Silver and gold and more silver and gold? That's fine and I'd cheer you if you can work that out in your local economy. I just don't see the world switching back to bullion based commerce anytime soon. Petro-gold has potential and I'd be in support of that as well.
Maybe slime covered Wells Fargo can land the FBI as a client.
After all, the FBI owns the largest Bitcoin wallet in the world.
As a major drug money laundering service provider, Wells Fargo must have been really concerned about the rise of bitcoin. It probably has decided it would be better to co-opt it than to fight it.
Lol, they got competition!
and you don't think this BITch coin was created,fostered, disseminated, and promoted by intelligence agencies, do you? the NSA and BTC are joined at the hip in time and cyberspace. they hate cash (only 7% of transactions) and gold (only 2% of Americans invested) long in the works, this Trojan horse appeals on so many levels. the ultimate utility of cybertransactions will predominate. ultimately traceable from origination through product to end user. oh brave new world! faces as blank and pale and minds as two dimensional as the screens that absorb them.
Micro-payment by mobile phone is already common in Africa, by IMF design.
BTC 2.0 will support 'branches' of the block-chain, so that even phones with 1/2GB of memory can process BTC 2.0. (JPM PATENT)
**
Micropayment is CONTROL, it means that they not only know where you are, but they can control what you BUY, it means FOOD/OIL "DENIED", based on YOU, your politics, or your position.
It means universal 24/7 control of where you go, what you do, what you eat, where you sleep, where you drive,
In ASIA already most people use the mobile-phone credit to send credit to another, and at shops to buy food/booze by send phone-credit to the merchant, who that sells mobile-credit to another for cash, been this way for years.
I don't know about USA, don't live there.
In africa micro-payments are wide spread, everybody with a phone can send/get 'money', and the SYSTEM(MATRIX) decides who gets it when and why, and where.
***
The fact that LIBERTARIAN FUCK-TARDS aka bitTards have sold you into virtual slavery as a means of freedom is laughable.
FREEDOM IS SLAVERY, YES, but only in the world of BTC.
Oh quit with the lie about the size of the blockchain..... you are flatly wrong about it being an issue.
I have, right now, a Bitcoin wallet on a Samsung Ace phone - only 190M of memory on it ... it holds a tiny fraction of a Bitcoin ... but that is just a risk management choice by me. It could a huge amount of funds.
It does NOT need a local copy of the blockchain. Only full nodes bother with that ... and if you set up a full node, it is still only a trivial amount of storage by todays hardware standards. Any current laptop could hold multiple copies of the blockchain with room to spare.
There is no BTC 2.0 change needed to explode availability of the Bitcoin system to the several billion smart phones that already exist.
The owners of those phones do not need to contract with a bank to get access to Bitcoin ... for 'throw away' phone, pay as you go connections, this provides a practical degree of anonimity.
Your point about CONTROL is a real risk ... but only CONTROL of the ignorant, and they will always get shafted. The mechanisms to avoid control are also there in the same system.
Bitcoin is a tool - all tools can be used for productive tasks OR evil.
Oh quit with the lie about the size of the blockchain..... you are flatly wrong about it being an issue.
***
Oh, I get it now, there is no 'coin' in the block-chain, the block chain is not over 10gb, and ... blah-blah, ... of course other client software can prune the chain and provide a 'service' on your phone, but then your not running the real client, your running a mirage, ...
SO this BIT-TARD has just admitted that the PEER-2-PEER net work is fuck god damn dead, that now you have to go some untrusted fuck head client in 'Russia' or 'Croatia' and they will tell you if your BTC is good/bad and accept/deny your trade,
But guess what BITCH, that was the entire point, if your not munching on the ENTIRE block your not a player, your someobodys BITCH, but that is how the 'chickenshere' want it, they want everyone to be someones bitch.
Here's the deal, if you don't have the entire block-chain, and your not running the real native software, then your not a player, your a chump.
Not saying that that ZH herd is not full of dumb fucking chumps, I mean chimps.
The entire narrative of the bit-tards is "SEND us your BTC's" and we'll rinse, wash, and accept-deny, ... block-chains are too big for your little phone, you just need to have your wallet share-enabled with us, so we can do what we do, and we promise NOT to cum in your ass.
Hey man , how's that 1 dollar PhD in computer science degree coming along ? Has it arrived from the Nigerian University yet ? Maybe you could post an image of the certificate here .
"It does NOT need a local copy of the blockchain. Only full nodes bother with that"
If you are running a wallet without a full copy of the blockchain, then you are running a subsidiary node, and from your perspective the system is centralized, whereas a fully distributed system is supposed to be the most important feature of Bitcoin.
It's clear to me that Bitcoin is getting more centralized by the day. A very few mining pool operators and exchanges stand at the center of the system, with small-scale miners further out. Then you have the individuals running the full qt client (wallet) with the full blockchain. After that, the large number of average users with the Multibit wallet or similar, and then those customers of the exchanges where all the information is stored on-line.
This is getting to be more and more like the conventional banking system.
Hope John Stumpf chokes on a Bitcoin.
Dies is better, it works every time.
Walls Fargone getting into Bitcoin?
If you don't hear the death-knell yet open up your ears.
Oh, really? Crooks want traceable bitcoin, backed by nothing but their hollow promises, long since proven to be fake promises. Who'd a know'd it?
How's Dread Pirate getting on these days? Still in the slammer, bitcoin confiscated, and facing long jail time because he owned his site, and couldn't control who used bitcoin...and the bigger thief status quo have since joined the bitcoin bandwagon.
You'd have to be a jerk to buy bitcoin now, but as Mark Twain observed: 'Nobody ever went broke underestimating the public.'
Just downloaded and watched The Wolf of Wall Street screener from thepiratebay. It was the final piece of the puzzle, I now know who Satoshi Nakamoto is........Jordan Belfort!!!
Greatest salesman ever, from pink sheet pennies to Bitcoin billions! It all makes sense if you can think outside the box. Sell me this pen......no sell me this bitcoin! That's better!
Prove that I am wrong, otherwise I must be right!
Will bitcoin accept Wells Fargo?
THAT is a great question. You've got to ask yourself: Why would a major US player accept bitcoin? It's not that popular, not many have heard of it, and hardly anyone has any great quantites of it. Would they just be trying to access a nitch market of wealthy bitcoin geeks that got rich during the run up? Or rather would they actually be INVITING future business in bitcoin that is laundered money made good? Either way, that means a tremendous rise in demand for bitcoin. I would short Western Union before I would sell a bitcoin.
"Why would a major US player accept bitcoin?"
haha. good one.
COME TO MAMA!
something is very wrong with this picture,
$1,000,000 per Bitcoin just around the corner.
Bitcoin is helping God evolve.
Will they have the strength to canabilize themselves? Or just wait around and wait for the external disrupters of the banking status quo / ologopoly profits to come to butcher them?
The roughest thing about Bitcoin is that it is not a fractional reserve setup; when you transfer 1 BTC, it goes from account A to account B, minus a tiny fraction of BTC for transaction fee. And how could a typical bankster get in the middle of it? What they need to to, is have an exchange that lets them subvert the usual Bitcoin setup; then they can do their typical behind the scenes leverage-up and substitutional evil schemes.
Actually the transaction is free. If you want the transaction to go faster then you can pay a small fee , you choose how much fees you want to pay and the network processes the transaction at a speed relative to the fee you decide to pay. If you pay no fee then it could take upto 30 seconds for the payment to be broadcast and go through , if you pay a higher fee then you can get it broadcast in a few seconds. For large amounts then you should really wait for multiple miner confirmations , this could take around 1 hour for 6 miner confirmations but its still faster than an international bank transfer , and of course no no fees whatsoever....
It is not that bitcoin is becoming in any way institutionalized, but rather that financial institutions may be becoming liberated from state coercion. Hopefully even old establishment corporations such as Wells Fargo see the light, although I wouldn't bet on it.
Everyone can start being a free capitalist agent if one so chooses. What the guys in this bank possibly needed was just someone showing them the way away from fascism and towards anarcho-capitalism and freedom.
This is a 19 port hub With an integral power supply capable of
reliably supplying MORE that 500mA per port without overheating or becoming a fire hazard. 16 Front facing Standard A USB ports 3 Side facing Standard A 1 Master hub connection Standard B for connection to Computing Equipment or other hubs Fully fused internally via multiple poly-fuse resettable fuses both on each individual port and on the main power feed to the Ports. Unlike may of the cheaper USB ports that only implement links at 1.0 12mb/s speeds (but state they are 'compatible' with USB 2.0) this is a professional FULL 480 Mb/s port that complies and implements the full 2.0 USB standard, it may also be used to connect to generic USB 1.0 equipment. youtu.be/DUwLwAoCIk0www razorfishsolutions com hk
baofeng razorfishsolutions com hk baofenghk gmail.com
Razorfish Solutions Ltd.