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> This is false. For profit companies clear and custody billions per day successfully. > Brokerages, banks, title and escrow companies, clearing companies. Th
by skissane 3y ago
> This is false. For profit companies clear and custody billions per day successfully.
> Brokerages, banks, title and escrow companies, clearing companies.
Those are all highly regulated industries. Some of them would love to put stuff in their T&Cs like BountySource’s “if the beneficiary doesn’t withdraw the money after 2 years we get to keep it” but the regulators would never let them. For a business like BountySource, that level of regulation does not exist
- galaxyofdoom 3y ago[dead]