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Yes, I would say so. Advantages are liquidity & ease of transfers (both within custodians like PayPal, and on public blockchains).
by somethingsidont 3y ago
Yes, I would say so. Advantages are liquidity & ease of transfers (both within custodians like PayPal, and on public blockchains).
- RandomLensman 3y agoIf you want ease of transfer and liquidity then you are kind of back to a bank demand deposit, no? Why go the extra steps? If you want to transfer treasuries, that can be done, too.
- somethingsidont 3y agoI mean conceptually this is just VUSXX (with a lower interest rate probably), but you can buy something online with it through a PayPal checkout page, or send it to a friend through the PayPal app, or send it across borders in seconds. I do think that has value from an ease-of-use standpoint.
- RandomLensman 3y agoFeels quite similar to normal banking products, but I suppose retail banking in the US is so poor, that it might already be an advantage there.