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  • flowernet [none/use name]
    ·
    edit-2
    2 years ago

    I wonder why so many real companies invested so much money in a bank that sounds like a scam just by name. did their checkings account have higher interest than Chase? smdh.

    • SerLava [he/him]
      ·
      2 years ago

      They were giving literal personal kickbacks to business owners in the form of hyper low interest personal mortgages in exchange for keeping uninsured business funds in their bank. Not even kidding

      • The_Walkening [none/use name]
        ·
        2 years ago

        IIRC one of the big functions of these tech banks was letting cryptobros exchange their holdings outside of Blockchain records. Which defeats the purpose of the Blockchain altogether.

    • mittens [he/him]
      ·
      edit-2
      2 years ago

      it had a bunch of bespoke fintech features.