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If I'm reading this correctly, your app isn't really mobile banking at all. It's essentially equivalent to a junk bond ETF, except instead of low-grade corpora
by mdorazio 7y ago
If I'm reading this correctly, your app isn't really mobile banking at all. It's essentially equivalent to a junk bond ETF, except instead of low-grade corporate debt it's consumer crypto debt. This is an interesting vehicle.
Are there any collapse guarantees like a normal savings account (I'm assuming not)?
Do you state the downside risks anywhere (ex. what happens if the stablecoins turn out not to be stable)?
What's the maximum dollar amount people can put in it?
- dukesilver 7y agoGood questions. Waiting for Outlet team to respond.