You all probably remember me talking about Ripple becoming a bank. I've been saying this since going all the way back as far as like 2021. You know, we've speculated on it.You know, is Ripple really becoming a bank. Are they going to position XRP at the core of their banking model. And uh even back in 2023, I made a post regarding how, you know, directly from Ripple, they stated that blockchain is already being adopted around the world, citing blockchain developments as recent as of September of 2023.I said ...

When you look at New Bank and Revolute moving both aggressively into the US, if you were to put money on who's going to do better, who would do better. I think I have to go with David. Wow.Why. Because I think Nick's challenge right now might be that he is so distributed. I mean, he's trying to go for the whole world, right. I mean, he's launching in Dubai, he's launching in India, he's launching everywhere.You know, banking is not your standard tech company. It's difficult. And so, I just wonder if he's li ...

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YouTube giant MrBeast enters banking with Step acquisition, bringing FDIC-insured financial services to Gen Z through his Beast Industries empire.Read more: https://t.co/DsPo8sFBp1 ...

This Brand New American Bank Already Has 127 Million Customers https://t.co/s9ZDm5pdO5 (Photo: Getty Images) https://t.co/KDDScBDtpE ...

Core Insights - The article provides an overview of banks, their functions, and the various types of banking institutions available to consumers Group 1: Definition and Purpose of Banks - A bank is a licensed financial institution that accepts deposits and provides loans to customers, offering services such as checking accounts, savings accounts, mortgages, and auto loans [3][4] - Banks are either privately owned or publicly traded for-profit entities that require a charter to operate, demonstrating a reasonable chance for success and safe operation [4] Group 2: How Banks Operate - Banks accept deposits from customers and pool this money to make loans, process payments, provide credit, and pay interest on deposits [4] - Deposits in federally insured banks are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per institution, per account category in case of bank failure [5] Group 3: Revenue Generation - Banks earn money by charging interest on loans, collecting various fees (such as account maintenance and overdraft fees), and through their own investments [5] Group 4: Types of Banks - Central banks manage national economies through monetary policy, while commercial banks accept deposits and provide loans [6] - Different types of commercial banks include national banks, regional banks (with assets between $10 billion and $100 billion), community banks (with assets under $10 billion), and online banks that operate without physical locations [8] Group 5: Comparison with Credit Unions - Unlike banks, credit unions are not-for-profit institutions that are member-owned and controlled, offering different fee structures and insurance coverage [9] - Banks generally charge higher fees and offer lower interest on savings compared to credit unions, which can provide higher savings interest rates and lower loan costs [9] Group 6: Choosing a Bank - When selecting a bank, consumers should consider the types of accounts and services offered, fees, interest rates, access to branches or online banking, and customer service reputation [10][11]

India’s financial regulator is considering a revamp of how it supervises lenders, shifting from a traditional box-checking exercise to a deeper examination of banks’ business models, according to people familiar with the matter https://t.co/vOxbGJAWtS ...

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RT Bloomberg Live (@BloombergLive)The most influential voices across asset management, banking, private capital and wealth convene at #BloombergInvest—bringing clarity to the forces redefining global finance. Join us March 3-4 in New York.Register now 📈https://t.co/eeTrczeDUG https://t.co/bFPiQgnP6t ...

Yesterday at Bitcoin MENA, I presented my keynote on Digital Capital, Credit, Money, and Banking. https://t.co/BwkP9GYxVr ...