Earlier this year, I transferred money from a Canadian bank account into a U.S. Schwab account, but for the transfer to go through, the funds had to clear through Citibank first. Citibank operates in both Canada and the U.S., and Schwab is one of their clients. Long story short, the funds disappeared, and among the three institutions involved, no one knew where the money was. It took almost four weeks for them to sort it out, with each one insisting they had no record of it or had never received it. So yeah, we definitely need an upgrade.
Another great post. Risks pretty mitigated from hacks from what I understand. Just have to build enough cushion against a run or liquidity crisis. Blackrock helps. Appreciate the info.
But my question is whether it's easy for banks or payment providers to adopt the concept and create their own stablecoin like USDC. We're already seeing this with PayPal and similar services.
Great post. Didnt know a lot of them but. Ive used moneygran like services to send a few thousands overseasand it reached the recipients in 5 to 10 minutes. ..Do they not require to have a crypto wallet? Thats the part that bothers me about crypto. You basically responsible for everything. You lose or your wallet get compromised, you are screwed. Theres no bank or credit card company to call for help. I remember sending $3k USDC to a wrong network in Coinbase and they cousnt help me . They said ‘ if BNC will be trade-bale in Coinbase’ I will get that back. Crazy! With bank and regulation and delayed transactions you do have some benefits actually.
Thank you for this analysis. I appreciate how you describe both the risks and the opportunities. As I am always on the lookout for good investment ideas, I fully support your decision to write analyses of individual stocks in addition to macroeconomic analyses.
True horror story 😂
Earlier this year, I transferred money from a Canadian bank account into a U.S. Schwab account, but for the transfer to go through, the funds had to clear through Citibank first. Citibank operates in both Canada and the U.S., and Schwab is one of their clients. Long story short, the funds disappeared, and among the three institutions involved, no one knew where the money was. It took almost four weeks for them to sort it out, with each one insisting they had no record of it or had never received it. So yeah, we definitely need an upgrade.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
Another great post. Risks pretty mitigated from hacks from what I understand. Just have to build enough cushion against a run or liquidity crisis. Blackrock helps. Appreciate the info.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
But my question is whether it's easy for banks or payment providers to adopt the concept and create their own stablecoin like USDC. We're already seeing this with PayPal and similar services.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
Great post. Didnt know a lot of them but. Ive used moneygran like services to send a few thousands overseasand it reached the recipients in 5 to 10 minutes. ..Do they not require to have a crypto wallet? Thats the part that bothers me about crypto. You basically responsible for everything. You lose or your wallet get compromised, you are screwed. Theres no bank or credit card company to call for help. I remember sending $3k USDC to a wrong network in Coinbase and they cousnt help me . They said ‘ if BNC will be trade-bale in Coinbase’ I will get that back. Crazy! With bank and regulation and delayed transactions you do have some benefits actually.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
Thank you for this analysis. I appreciate how you describe both the risks and the opportunities. As I am always on the lookout for good investment ideas, I fully support your decision to write analyses of individual stocks in addition to macroeconomic analyses.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
This is exceptionally well written and deep informative due diligence! Thank you!
Thank you so much! I will be doing more of these :)
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟰𝟱↡𝟯𝟮𝟱↡𝟳𝟱𝟱𝟴