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by jnwatson 1149 days ago
That’s what they said about crypto…
1 comments

All crypto startups use established banks to transfer and hold USD. I don't know of a single all crypto bank in US.

A lot of companies that brand themselves as a "bank" are some regional bank underneath.

(I literally work in the payments industry, for reference)

Ex: One Financial states

> ONE card is issued by Coastal Community Bank