Do Crypto Currencies Need Crypto Banks?
no.
RE: Do Crypto Currencies Need Crypto Banks? - Crypterium (CRPT)
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Do Crypto Currencies Need Crypto Banks? - Crypterium (CRPT)
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Makes sense - to take crypto to greater adoption there needs to be easier ways of buying/spending crypto. USD$ must be spent for the vast majority of crypto holders/users.
Also I have massive profits in crypto but don't want to pay taxes on it - so you can borrow against it to pay for items without incurring a taxable event. I see the need for a sophisticated new generation bank.
Thanks to smart contracts - I can be on the opposite end and accumulate interest or if they default, acquire the crypto put up as collateral.
I get it 'bank' is a dirty word in crypto, but everything has its place. If they offer a beneficial service, love to utilize it.
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It does have a great idea and plan, with a strong team, and hopefully it can make crypto easier to use.
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This 'bank' no physical card, no limits and no commission, working for let you pay with any crypto in 42 m million res worldwide, how amazing it will be if they do realise this:)
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