When AriseBank announced last week that it had become the first crypto platform to purchase two traditional banks, it won plenty of attention.Then we discover the enterprise was boneheads who were going to javascript the world of banking. They weren't watching, don't tried to do too much.
Its press release was picked up by major media sites like HuffingtonPost and its endeavor was endorsed by Stan Larimer, founder of the decentralized cryptocurrency exchange Bitshares, who announced a partnership with the bank.
If your customers can secure the bot that manages their bank account, then the deal is done. The legal model says the human owns the regulated account. The human is free to engage in robotic escrow services, as in any other contract, it is his account.
See the problem? We are giving the customer on line banking, the we are giving the customer's javascript bot on line banking. They are impossible to separate. Spectre done this, I tell you, and Googe knew what they were doing.
Central bankers are stuck, their system becomes bearer cash almost tomorrow, as soon as the high school kids test the javascript, Never needed Arise.
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