Type of financial entity that should exist:

- Consumers and businesses can easily sign up
- Federally regulated
- Only function is to custody USD
- No fractional reserve
- Ability to opt-in to yield via US Treasuries
- Revenue model: cut of Treasury yield or $9.99/m subscription

I can already imagine the look on the VC’s face when I say I’m gonna charge a $100M deposit account $9.99 a month 😂😂😂

(If I can get a $20M on $100M terms from a FC investor I’ll pivot to this TODAY 😩💰🫡)

/cameron for content experiments. I help Creators grow faster @ seemore.tv + /seemore. Posts at creator3x3.com.
Dev + Veteran + HBS. 
seemore.tv/cameron 🫡

Mechanically 💯%

Compliance wise? 

Spicy paperwork for days.

I guess the FDIC is underwriting the risk… poorly

Swiss banks charge for deposits so I guess it checks out