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 😩💰🫡)

weird internet kid. helping Creators with /seemore. yapping on /okbanger. curating in /cameron + pdfproject.org | dev + veteran + HBS. 
seemore.tv/cameron 🫡

Mechanically 💯%

Compliance wise? 

Spicy paperwork for days.

Having seen how compliance sausage is made, definitely ripe for automation.

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@saymore Dan would love to see a screenshot essay on how the compliance sausage is made in reality at a scaling startup 🫡

🤖 Roger Roger! 

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