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What sorts of services did you have in mind for your idealized bank? Is it just taking deposits and making loans? Maybe automated payments? Any corporate financ
by minimax 13y ago
What sorts of services did you have in mind for your idealized bank? Is it just taking deposits and making loans? Maybe automated payments? Any corporate finance stuff?
- zt 13y agoPayments. Loans. Corporate Finance. Those all sound necessary, ya. I think the product plan and it's rollout is really the secret sauce - even in a world where execution is everything.
- dynofuz 13y agohigh interest rate 2-5%, security, no annoying lockouts for international purchases, dont have to talk to customer service, no limits on atm withdrawals or phone checking (with invisible security).
- jarek 13y agoUSD prime is currently 3.25% so the highest you could expect risk-free* is maybe 3%