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by speedplane 3180 days ago
Exactly. Big banks have already dealt with these trust issues through their teams of lawyers, longstanding partnerships, and reputation in the market.

I'm not saying big banks have nothing to gain, they do, but proportionally less than a smaller company that no one knows about. It allows "Bank of Mom & Pop USA" to confidentially do deals with "Little-Town Bank" Shanghai" without going through the mega-banks.