Dan Romero
@dwr.eth
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
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Dan Romero
@dwr.eth
Normal custodians not open to retail, no easy access to consumer apps via Plaid, basic functionality like checking and bill pay etc.
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dinislam
@dinislam.eth
How do custodians custody cash? Do they have accounts at the Fed?
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