AirenStar said:starsign said:I'm also wondering how does the closure of Cyprus’ banks affect Streamate's business? I mean isn't it hard to run daily operations when all bank accounts are frozen?
I've been watching this unfold via the media and was waiting to see if anyone would mention it on the forum. I would think that SM would have money in other places but I can't see how this won't affect their company in some way.
Part of the allure of banking in Cyprus was the high interest rates bank accounts were paying there 4%. Disclosure laws are lax. In addition to Streammate, porn giant Manwin runs most of their banking operations out of Cyprus, and so you wonder about payment to camgirls for sites Manwin controls. If you have alternate cam sites I sure would be using those instead of Streammate until people start getting their April payments.