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Ask HN: Is it possible to have 0000 interest banking?
- PaulHoule 7y agoHow does the bank make money? How does it get compensated for loan losses?
- sharkov007 7y agoI suggest that its possible dont make money on money but rather on increasing and creating healthier consumer spending...The risk of loans is imminent. However, there are several ways to deal with this with more proactive scoring and also by creating an internal reserve to balance the system.
- paktek123 7y agohttps://www.dozens.com/ https://www.dozens.com/ seems to follow a slightly different business model.
- sharkov007 7y agoyes it seems similar... i'm considering a concept which takes everything a step further by creating a zero margin banking shifting profit centers away from money...
- sharkov007 7y agohttps://slate.com/news-and-politics/2014/08/postal-banking-already-worked-in-the-usa-and-it-will-work-again.html https://slate.com/news-and-politics/2014/08/postal-banking-a...