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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Tuur Demeester
@TuurDemeester
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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Tuur Demeester
@TuurDemeester
The USD would come from clients who seek to invest in BTC-guaranteed loans, looking for a % return on their USD. Kraken would be the intermediary. (It seems these days the popular term is "staking".)
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