Conversation

Jesse Powell
@jespow
You can't make this stuff up. This timeline is beyond twisted. Certainly didn't see a banking license in the cards when we set out on this mission 9 years ago. We have come full circle, crypto. Looking forward to banking you all and banning the accounts of sketchy fiat peddlers.
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Kraken Exchange
@krakenfx
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NEW: Kraken Wins Bank Charter Approval blog.kraken.com/post/6241/krak
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Kake Yun 🧢
@kake_yun
Thats pretty awesome Jesse...what is your take on fractional reserve? Will you hold close to 100% of the capital if you decide to do some lending?
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george mundin
@mundinteam
Replying to
@jespow
and
@kake_yun
Thank God. This keeps the partnership between the bank and the customer true and honest as the customer would expect. Their money is actually on hand not just falsely represented in digital numbers on a screen as if it is sitting in a vault safely. Well done Mr Powell.
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Tuur Demeester
@TuurDemeester
Replying to
@jespow
and
@kake_yun
Curious about the possibilities for BTC secured USD loans. Traditionally banks were either gold custodians, lending intermediators, or both. Imo bitcoin offers a historic chance for banks to offer both services and be transparent about how each function stays nicely separated.
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