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The difference is that licensed and regulated banks can scale it. Retail customers can trust them due to their long-standing reputation, their banking licence a
by desas 3y ago
The difference is that licensed and regulated banks can scale it. Retail customers can trust them due to their long-standing reputation, their banking licence and linked to that, the FDIC insurance.
- immibis 3y agoYes, but this only grants the ability to scale it, not the ability to do it. We don't say that only licensed restaurants can cook food.