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startup is taking on traditional banking with a crypto-powered offering — but it's letting its customers still deal in dollars.
Eco CEO Andy Bromberg says he's not running a neobank, which typically offers a different brand and interface over accounts that are actually housed in a chartered sponsor bank. It's also not a crypto exchange or wallet: It's going after consumers who haven't caught the crypto bug. Instead, he said , Eco's attempting to rethink the entire system of savings, checking and payments with a crypto-based business model on the back end.
A startup is promising crypto yields without the crypto headaches