Give me direct deposit to and it’s all over. I’ll never bank again. I wonder if there are other people like me…
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Give me direct deposit to and it’s all over. I’ll never bank again. I wonder if there are other people like me…
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ahh got it -- I guess the issues are:
a) can you direct deposit paychecks to an account with a different name than yours
b) how could FTX US decide who to credit it to
You sir are smart enough to figure this out. If anyone can, you can. I understand there may be regulatory issues with direct deposit, but I think this would completely change the game.
I think the meta-question is when do you just buy a credit union in Wyoming and open FTX Bank
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Don't even need a credit union.
A few state banks end up for sale at reasonable prices, but, the best is ones in PR, where a few have full service licenses for US customers and are US bank system compliant, but cost around 10x less.
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Maybe FTX should start building some cash deposit ATMs lmao o
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they are drunk, no one can pay check to a different name
Maybe Users could levy their identity with an additional verification to allow for their name to be tied to their usd/fiat account.
a) should be solvable by talking to individual employers.
b) could FTX US provide the same info a bank does to receive direct deposits?
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ya the problem is just knowing which user was responsible for a direct deposit if instead it's coming from their employer, plus the KYC issue (might have to KYC the employer too if that's who it's coming from?)
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Just thought about this could be the easiest way for CEX to KYC their users 🤝 but yes it’s possible. I did some work at Wells Fargo bank and you can work around the name aspect with direct deposit paperwork/blank checks. Need acct #, & routing #, FTX would have back end work tho
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a) can you direct deposit paychecks to an account with a different name than yours- "this can't be done" The name has to match.