Excited to share @BitPay has filed an application with the @USOCC to establish BitPay National Trust Bank. The OCC is at the forefront of #crypto regulation. BitPay National Trust Bank will provide our customers with assurances that our services remain best in class! #bitpay
If you can produce more of it with labor, capital, & technology, it’s a commodity. If it’s unique, irreplaceable, and brings you joy, it’s a scarcity. Sell commodities so you can buy scarcities.
@Cointelegraph@ihaveCred This is what can happen to a fractional-reserve #bitcoin lender—bc there’s no lender-of-last-resort for BTC. Get ready for more news like this to come out. There’s ZERO transparency or counterparty credit risk analysis available for BTC lenders. ⚠️#rehypothecation & BTC don’t mix