“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”
Well that sounds terrifying!
Oh please. It ain’t complicated. I could write a ruby app in a weekend that would do everything a bank does. It’s just subtracting from one account and adding to another.
“Security?! Nah, the Russians are my best friends”
“All you need is security bars in front of your windows”
Ok, now let me present to you: Rolling reserves.