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A digital wallet that can trade isn’t banking though. Can you direct deposit, pay rent, be fdic insured, etc with that solution?
by soared 5y ago
A digital wallet that can trade isn’t banking though. Can you direct deposit, pay rent, be fdic insured, etc with that solution?
- tiku 5y agoWhat is banking anyway, in theory it is transferring x to x? Can be done through a digital wallet if both parties agree upon it. You just need a lot of parties to use that same system or easy bridges to send it through the old system.
- CryptoPunk 5y agoRight now, no, but in principle, yes. You can effect transactions. Everything else is just a matter of adoption.
- immibis 5y agoYou would be surprised to find out there are literally insurance "companies" operating on the blockchain, which you can lend collateral to, buy shares in, and take out insurance policies from, which aim to reimburse their customers in case of a major system hack for example.