Thursday, October 5, 2017

Anyone can form a bank

Why are Amazon, PayPal meeting with bank regulators?

We have the American banker discussing the issue of tech companies and banking Amazon wants to be a bank.

The issue is being overwhelmed by sandbox capabilities matched with personal secure elements.  Anyone can be a bank under sandbox rules which enforce observability and uniform trading bots.

As soon as I get my hands on the open source Redneck compatible trading architecture, I am setting up a bank for my bikers club. We will borrow and lend to each other all we want.

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