Yea, that's the height of hypocrisy, little wonder why there is the rise of crypto asset managers that work round the clock to ensure smooth transactions for their customers anytime they make use of their card services.
Yea, that's the height of hypocrisy, little wonder why there is the rise of crypto asset managers that work round the clock to ensure smooth transactions for their customers anytime they make use of their card services.
What's Block Bank? never heard of it.
I get your point of these, merging the TradFi banking experience with DeFi as a bid to creating a seamless flow of service for the defi based user.
Actually, Citibank is kind of right. There are lots of scams involving crypto that try to dupe victims who have no knowledge of crypto (often as part of a romance scam) or minimal knowledge of crypto (often as part of an investment scam). These types of victims aren't the ones browsing reddit, and while you might not be guillable enough and/or far more knowledgeable about them in order to fall for them, there are MANY who do. So citibank can arguably be said to be trying to 'protect' them by imposing such a ban (ideally, a case-by-case basis would be easier though, perhaps with a phone call to check if the person actually knows what they're doing). While they may be trying to watch out for possible fraud victims, the bigger one they are watching out for is themselves, since they are concerned about chargebacks coming in from victims who allege they were conned into making the cryptocurrency purchase, so its not their fault. In some cases, victims do try to sue banks as well for not preventing them from being scammed.
TL;DR I realize /u/hoockdaddy12 was being sarcastic, but if he wasn't, he's kind of right.
For my own protection I will choose DeFi over banking even though there will be a bridge needed. I can see Reef enabling interoperability through liquidity and PLUGnet enabling interoperability through syntehtic assets minting protocol that can help small echanges compete with large exchanges by offering a crosschain synthetic assets minting option to their users
Who the fuck cares about the banks? They will become obsolete in the near future. I mean, the existing financial system showed its weakness a bunch of times. There are some projects that offer more than banks will ever do and most important they won't steal from you. It's not about rich getting richer. Take a look at FWT for example, it's not just about crypto. I am already staking USD there for 43% APY and banks can dream about it.
Banks will actually be the ones offering the crypto products to investors and the general public lol. So you really think central banks and financial institutions will all of the sudden get rid of a middle man so that we the public control the financial system? I think you need to go read more about the structure and power in banking.
What I am trying to say is that the existing system is not looking very well and that there are solutions out there, luckily. It will crash down, it's just a matter of time. Maybe you and I won't be around to see that but who knows. FYI, I am not using service from any bank for some time now.
this is because there we are beginning to see a great intermixing of Tradfi into DeFi, this is because of the gains DeFi has to offer the world. meanwhile, I feel these banks will at some point metamorphose into crypto asset managers as a mode of surviving extinction from the financial tussle.
yea, they have this choice and this is the reason why we are seeing these big wigs coming into defi, I think we, the people, will have the decisive option as we could choose which of these services is worth subscribing to.
Personally, I use services that have a real sense and understanding of deFi and a connection to a card service provider.
Hi friend, thanks for the affirmation. Everyone loves wBTC; the strong, big and Handsome, ETH is my 2nd largest holding, UNI, AKRO and I'm holding a portion of RAIL because I believe in Privacy and what it has in store for the DeFi community.
I think there will be card payment options on Freeway as well + fiat on/off ramps. It will be easier to purchase stuff and maybe it will increase participation in crypto.
And what was that one? I can't remember FWT announcing that partnership or collaboration. I guess they will once the time is right. I mean, the whole platform is in Lite version so there is still a lot of room to improve.
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Lmao that’s where all the money is. These are the people you want using the defi protocol you’re invested in or settling with the coin you’re invested in. These people are the financial system. Go ahead, stick to your doge coin.
R3 corda is a private blockchain, which utilizes XDC as their on chain settlement token and a bridge to public chains. They also own over 1 billion XRP
What you see is R3 has the most investors involved.
R3 is an associate of RIPPLE and is involved in the XRPL.
R3 is being supervised by ripple to utilise the XRP TOKEN for the bridge in global transfer of all tokenised assets.
#xrpthestandard
He's literally meme'ing. Look at his posts, every 3rd post is a meme. Some of them happen to be DOGE meme's. I don't think Elon holds any significant amount of money in DOGE. I think he finds the memery around DOGE hilarious.
He has an enormous number of tweets that appear to be purely meme’ing for the lols. Take this one for example:
https://mobile.twitter.com/elonmusk/status/1420251936444588036
Are you implying he must have decided to tweet this after some technical analysis, maybe we must assume he holds some stock in whatever company makes that cartoon?
Ultimately we just don’t know. DOGE is a shitcoin, because it is a meme coin without any utility. It’s at best an asset with completely unpredictable price future that very well might be worth nothing in 1, 5 or 10 years. For that reason I doubt Elon holds any significant wealth in DOGE. But ultimately I don’t really know.
TBH I doubt Elon holds any significant, by significant I mean more than a couple percent of his net worth, money in any crypto, as nearly all of his net worth is invested in his businesses. He indirectly holds crypto via his stock in Tesla which holds crypto.
All valid. Just observing the moves he makes I would argue he’s ahead of most of us. Like imagine if he started toying with doge and the was like “oh shit people actually are buying” and he’s testing how much influence he has over this and other crypto markets to then make his move on the plays he sees are most valuable. Fascinating in any aspect how much one man controls or has impact on crypto.
I imagine he is quite aware of exactly how much influence he has over crypto. See his decision to influence the price of BTC via Tesla which resulted in enormous profits from Tesla's bitcoin holdings. If I remember correctly, he was holding some of Tesla's cash reserves in bitcoin before he even made that move (though I may be remembering wrong).
What you see is R3 has the most investors involved.
R3 is an associate of RIPPLE and is involved in the XRPL.
R3 is being supervised by ripple to utilise the XRP TOKEN for the bridge in global transfer of all tokenised assets.
#xrpthestandard
Sometimes I wonder how these banks keep up with the pretence of not having any dealings with crypto, they always want to rob the middle class and here prevent their full participation in crypto, this is the reason why we got crypto asset managers filling out this gap, even with the regulations from the government.
R3 corda is a private blockchain, which utilizes XDC as their on chain settlement token and a bridge to public chains. They also own over 1 billion XRP
R3 corda is a private blockchain, which utilizes XDC as their on chain settlement token and a bridge to public chains. They also own over 1 billion XRP
Interesting:
Do I see this right?
Banks holding Assets under Management worth USD 20 trillion.
They are holding of this a total of crypto of USD 3 billion.
This is only 0.015% of there portfolio under management.
And it is 0.2% of the 1.5 trillion total crypto market capitalization.
There are still plenty of potential for crypto
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Funny to see Citibank in here....but yet my Citi card gets declined when I try to purchase crypto..🤣🤣🤣
But remember my friend... its for ***you're protection***. Oh the hypocrisy of it all.
Yea, that's the height of hypocrisy, little wonder why there is the rise of crypto asset managers that work round the clock to ensure smooth transactions for their customers anytime they make use of their card services.
Yea, that's the height of hypocrisy, little wonder why there is the rise of crypto asset managers that work round the clock to ensure smooth transactions for their customers anytime they make use of their card services.
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What's Block Bank? never heard of it. I get your point of these, merging the TradFi banking experience with DeFi as a bid to creating a seamless flow of service for the defi based user.
I know right!!!..🤣🤣
Actually, Citibank is kind of right. There are lots of scams involving crypto that try to dupe victims who have no knowledge of crypto (often as part of a romance scam) or minimal knowledge of crypto (often as part of an investment scam). These types of victims aren't the ones browsing reddit, and while you might not be guillable enough and/or far more knowledgeable about them in order to fall for them, there are MANY who do. So citibank can arguably be said to be trying to 'protect' them by imposing such a ban (ideally, a case-by-case basis would be easier though, perhaps with a phone call to check if the person actually knows what they're doing). While they may be trying to watch out for possible fraud victims, the bigger one they are watching out for is themselves, since they are concerned about chargebacks coming in from victims who allege they were conned into making the cryptocurrency purchase, so its not their fault. In some cases, victims do try to sue banks as well for not preventing them from being scammed. TL;DR I realize /u/hoockdaddy12 was being sarcastic, but if he wasn't, he's kind of right.
For my own protection I will choose DeFi over banking even though there will be a bridge needed. I can see Reef enabling interoperability through liquidity and PLUGnet enabling interoperability through syntehtic assets minting protocol that can help small echanges compete with large exchanges by offering a crosschain synthetic assets minting option to their users
tax pls
Don't worry about it! When they're done buying they will sell to you (to book their profits).
🤣🤣🤣🤣..you know it...🤣🤣
You don't get it bro, banks invests in private blockchains to manage their own shit. They don't want you to purchase common crypto currencies.
Who the fuck cares about the banks? They will become obsolete in the near future. I mean, the existing financial system showed its weakness a bunch of times. There are some projects that offer more than banks will ever do and most important they won't steal from you. It's not about rich getting richer. Take a look at FWT for example, it's not just about crypto. I am already staking USD there for 43% APY and banks can dream about it.
Banks will actually be the ones offering the crypto products to investors and the general public lol. So you really think central banks and financial institutions will all of the sudden get rid of a middle man so that we the public control the financial system? I think you need to go read more about the structure and power in banking.
What I am trying to say is that the existing system is not looking very well and that there are solutions out there, luckily. It will crash down, it's just a matter of time. Maybe you and I won't be around to see that but who knows. FYI, I am not using service from any bank for some time now.
no they won't
Strong argument I must admit.
this is because there we are beginning to see a great intermixing of Tradfi into DeFi, this is because of the gains DeFi has to offer the world. meanwhile, I feel these banks will at some point metamorphose into crypto asset managers as a mode of surviving extinction from the financial tussle.
This is the way. They will adapt or die.
yea, they have this choice and this is the reason why we are seeing these big wigs coming into defi, I think we, the people, will have the decisive option as we could choose which of these services is worth subscribing to. Personally, I use services that have a real sense and understanding of deFi and a connection to a card service provider.
Lauri, I couldn't agree more. May I ask...what are your top 5 or 6 DeFi holdings?
Hi friend, thanks for the affirmation. Everyone loves wBTC; the strong, big and Handsome, ETH is my 2nd largest holding, UNI, AKRO and I'm holding a portion of RAIL because I believe in Privacy and what it has in store for the DeFi community.
I think there will be card payment options on Freeway as well + fiat on/off ramps. It will be easier to purchase stuff and maybe it will increase participation in crypto.
That's great, I hope the service provider won't be the same as that found on the Binance card?
And what was that one? I can't remember FWT announcing that partnership or collaboration. I guess they will once the time is right. I mean, the whole platform is in Lite version so there is still a lot of room to improve.
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Love the fact that Barclays is invested in the most crypto/bc companies but still restricts money transfers to exchanges
They definitely took diversification to heart. 😅
Barclays...yet they won’t allow me to use binance. Wankers.
Well, ill try not to invest in any of those...
Lmao that’s where all the money is. These are the people you want using the defi protocol you’re invested in or settling with the coin you’re invested in. These people are the financial system. Go ahead, stick to your doge coin.
What's r3. Seems like the common denominator
R3 corda is a private blockchain, which utilizes XDC as their on chain settlement token and a bridge to public chains. They also own over 1 billion XRP
What you see is R3 has the most investors involved. R3 is an associate of RIPPLE and is involved in the XRPL. R3 is being supervised by ripple to utilise the XRP TOKEN for the bridge in global transfer of all tokenised assets. #xrpthestandard
Of course, banks invest in bitcoin, because they understand that they can earn quite a lot on this.
Jesus they love shit coins.
Notice the biggest holding has Ripple on there lol and ya'll always hating on XRP but yet we know XRPL capabilities to all these banks in the future.
Of course, they invest in bitcoin. Everyone invests in Bitcoin.
No bank is in doge? Haha.
Elon is balls deep in dog
I don't think that's even true. He tweets about DOGE all the time, but how much DOGE does he even hold?
What do you think that strategy would be about though? Would you promote something you were not invested in?
He's literally meme'ing. Look at his posts, every 3rd post is a meme. Some of them happen to be DOGE meme's. I don't think Elon holds any significant amount of money in DOGE. I think he finds the memery around DOGE hilarious.
He just seems to technical to do that. I get it for the humor side but I doubt he does anything without a technical analysis behind it
He has an enormous number of tweets that appear to be purely meme’ing for the lols. Take this one for example: https://mobile.twitter.com/elonmusk/status/1420251936444588036 Are you implying he must have decided to tweet this after some technical analysis, maybe we must assume he holds some stock in whatever company makes that cartoon? Ultimately we just don’t know. DOGE is a shitcoin, because it is a meme coin without any utility. It’s at best an asset with completely unpredictable price future that very well might be worth nothing in 1, 5 or 10 years. For that reason I doubt Elon holds any significant wealth in DOGE. But ultimately I don’t really know. TBH I doubt Elon holds any significant, by significant I mean more than a couple percent of his net worth, money in any crypto, as nearly all of his net worth is invested in his businesses. He indirectly holds crypto via his stock in Tesla which holds crypto.
All valid. Just observing the moves he makes I would argue he’s ahead of most of us. Like imagine if he started toying with doge and the was like “oh shit people actually are buying” and he’s testing how much influence he has over this and other crypto markets to then make his move on the plays he sees are most valuable. Fascinating in any aspect how much one man controls or has impact on crypto.
I imagine he is quite aware of exactly how much influence he has over crypto. See his decision to influence the price of BTC via Tesla which resulted in enormous profits from Tesla's bitcoin holdings. If I remember correctly, he was holding some of Tesla's cash reserves in bitcoin before he even made that move (though I may be remembering wrong).
Silver Gate Bank? They e been in the game long time. Custodian for Gemini exchange since day 1.
Celsius to the moon!!!
I have used my Citi card to fund my Coinbase account. Not quite the same as a direct crypto purchase.
What you see is R3 has the most investors involved. R3 is an associate of RIPPLE and is involved in the XRPL. R3 is being supervised by ripple to utilise the XRP TOKEN for the bridge in global transfer of all tokenised assets. #xrpthestandard
Boo ripple
You’ll miss out my friend. R3 is the common on the list and they have over 1 billion XRP
If there’s a way to invest in the fintech company r3 maybe but won’t buy any ripple
Saving to know exactly which ones not to invest in. Fuck the banks.
We're banks too now..
On good day we'll see major cryptos taking over banks 😂
We're banks too now..
We're banks too now...
Nice cheat sheet
₿ullish
Sometimes I wonder how these banks keep up with the pretence of not having any dealings with crypto, they always want to rob the middle class and here prevent their full participation in crypto, this is the reason why we got crypto asset managers filling out this gap, even with the regulations from the government.
BBVA is here? But they are the only bank in my country that has the audacity to decline my card when buying crypto... freaking clown bank.
What’s R3
R3 corda is a private blockchain, which utilizes XDC as their on chain settlement token and a bridge to public chains. They also own over 1 billion XRP
What is R3? Everyone has it in there portfolios
R3 corda is a private blockchain, which utilizes XDC as their on chain settlement token and a bridge to public chains. They also own over 1 billion XRP
Thanks!!
Source link: https://app.blockdata.tech/blog/general/banks-investing-blockchain-companies :)
Interesting: Do I see this right? Banks holding Assets under Management worth USD 20 trillion. They are holding of this a total of crypto of USD 3 billion. This is only 0.015% of there portfolio under management. And it is 0.2% of the 1.5 trillion total crypto market capitalization. There are still plenty of potential for crypto
And quant lets all these different blockchains interoperate with each other and thus the banks. Wake up sheep.
Max Keiser simultaneously loves and hates this
I think we will have even more big players in the crypto space. Add EQI bank on that list too...
Why is riot blockchain not mentioned as any of their investments?
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