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Why don't they build a competitor? It's not like it will fail.
by zerostar07 9y ago
Why don't they build a competitor? It's not like it will fail.
- bpicolo 9y agoRegulatory requirements are the hard part. The governments (of many different countries) are by no means required to license you to do what they do - it's not just a storefront, it's tons of financial regulation, they're even fdic insured for cash deposits. It’s a legal challenge
- zerostar07 9y agobut not much beyond that. almost guaranteed profit
- bpicolo 9y agoNot sure that's true. Absolutely massive target for blackhats. Security has to be off the rails good
- heurist 9y agoFairX is an near-term project assumed to be targeting this space.
- ActsJuvenile 9y agoNo bank would service your account. At this point you need to found your own banking charter like ItBit or Gemini.