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> Go deposit 1 million in a bank, and then ask for it in cash the next day. You won’t get it. But, you will get it. Try that with Tether, and you might just g
by IncRnd 5y ago
> Go deposit 1 million in a bank, and then ask for it in cash the next day. You won’t get it.
But, you will get it. Try that with Tether, and you might just get laughed at. They would have already put your million dollars to other uses outside of being a deposit for you.
- crazydoggers 5y agoYou can read about what happens when you try to withdraw that much cash from a bank. Not only do they not hold that much cash, there’s lots of hoops to jump through: https://www.linkedin.com/pulse/when-i-tried-withdraw-20000-my-own-money-from-bank-samuel-barton https://www.linkedin.com/pulse/when-i-tried-withdraw-20000-m... https://www.cleveland.com/business/2012/04/man_who_wants_to_withdraw_6000.html https://www.cleveland.com/business/2012/04/man_who_wants_to_... https://grantcardonetv.com/ever-withdraw-1000000-in-cash-from-your-bank-i-did-heres-what-happened/ https://grantcardonetv.com/ever-withdraw-1000000-in-cash-fro... https://finance.zacks.com/federal-banking-rules-withdrawing-large-sums-cash-1696.html https://finance.zacks.com/federal-banking-rules-withdrawing-...