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Let the Post Office operates as a bank. City level bank has too small of a scope to be efficient. Post Office has the network, infrastructure, and branches in
by ww520 7y ago
Let the Post Office operates as a bank. City level bank has too small of a scope to be efficient. Post Office has the network, infrastructure, and branches in place that can easily expand into financial services. Japan's Post has banking service and it has work well.
- lwhalen 7y agoCame here hoping someone would say this. Apparently the USPS used to operate as a bank 'way back in the day': https://www.nerdwallet.com/blog/banking/post-office-banking-2/ https://www.nerdwallet.com/blog/banking/post-office-banking-...
- clintonb 7y agoThat would help the unbanked, but would not help cannabis businesses or give the cities an entity through which they could invest funds in the form of loans.