[withinboredom]

Man. Screw those money-transmitter laws. I know why they exist, but damn they stifle innovation like nothing else.

I was looking to get into this kind of business (think mint, but built into a digital wallet that worked kind-of-like-paypal-but-not-really), and got stuck there. I think when everything was said and done, it would have been less expensive to create an actual bank.