One tradeoff in the re-tranching of banking is that banks have more seniority but less visibility. (via @opinion) https://t.co/i0uDp3c2dT ...

🗓️ Our week at a glance:⏰ #DataDay → https://t.co/sOLPKCm5tr🎙️ Digitalisation in EU Financial Services and Banking → https://t.co/0S3ylqI3oN🎙️ Savings and Investments Union event → https://t.co/qY4EOD5EJA🔔 Sign up for email alerts → https://t.co/ihYmRuTovw https://t.co/RIF6dmFZUy ...

RT Nick Szabo (@NickSzabo4)Bank notes further increased trust, i.e. vulnerability. to the actions of third parties. Gold came to be held in centralized vaults, and IOUs for much more than the gold actually held were issued -- fractional reserve banking (FRB).https://t.co/3oNfi4M2cJ ...

RT Avici (@AviciMoney)Min. cap reached! Thanks everyone for contributing🙌Together, let’s build the future of banking on @solanaCurious how much total commitments we could reach? https://t.co/RpvIopds2o ...

Most Canadians visit their bank branch 15 times per year.That’s 15 times too many.It’s time to update the system. https://t.co/c9ZEfkSppE ...

Financial History & Evolution - The timeline highlights key milestones in the evolution of finance, starting with the advent of money and currency in Lydia around 3000 BCE [1] - Banking and interest practices emerged in Mesopotamia around 2000 BCE [1] - Double-entry bookkeeping was introduced in Italy in 1494 [1] - Joint-stock companies originated in the Netherlands in 1602 [1] - Central banking and fiat currency systems were established in England in 1694 [1] - Electronic trading began in the USA in 1970 [1] - Tokenization is projected to emerge on Solana in 2025 [1]

A bank account number is a unique string of numbers, and sometimes letters and other characters, that identifies a particular bank account and grants access to it. This often is one of the most important account numbers people have for transacting business.Learn more here: https://t.co/HFXBjmfBto ...

Industry Ranking - Forbes 与 Statista 合作，基于对 34 个国家超过 5 万人的调查回复，对全球最佳银行进行了排名[1] Survey Scope - 调查覆盖了 34 个国家[1] - 超过 5 万人参与了调查[1]

Stablecoin Launch & Features - Wyoming launched the Frontier Stable Token, the first dollar-backed, fully reserved stablecoin issued by a public entity [2] - The Frontier Stable Token is available on Arbitrum, Avalanche, Base, Ethereum, Optimism, Polon, and Solana [3] - The stablecoin is issued and redeemed at par, meaning $1 buys and retrieves $1 worth of the token [5] - It has a 2% overage to ensure stability and reliability [5] - Reserves backing the stablecoin are short-term treasuries and repos, ensuring it can meet redemption requirements [5] Wyoming's Strategy & Economic Impact - Wyoming aims to be a leader in digital technology, building on its history of being first in LLCs, speedy bank special purpose depository institutions, and DAOs [6][7] - The state believes there is demand for a 100% dollar-backed and reserved stablecoin with open reserves [8] - Wyoming anticipates economic growth from this initiative, attracting data centers, AI, and crypto mining [10][11] - The state exports 12 times the amount of energy it imports [10] - Interest earned from the short-term treasuries backing the stablecoin will support education in Wyoming [8] Regulatory & Banking Implications - Wyoming designed the stablecoin to be viable under any regulatory scheme, leveraging state sovereignty [9][10] - The state intends for banks in Wyoming to use the stablecoin for settlement, reducing transaction costs and enabling instantaneous transactions [11][12] - The Frontier Stable Token is intended to have the same uses as cash and be a valuable asset for banks operating in Wyoming [12]

Financial Performance - Chime's topline grew 37% in Q1 [1] - Chime's active member base grew by 23% year-over-year [2] - Chime demonstrated adjusted EBITDA of 3% [2] Business Model & Strategy - Chime operates as a technology company partnering with banks to hold deposits, ensuring money is FDIC insured [4][6] - Chime focuses on serving the needs of everyday consumers, particularly the two-thirds of Americans living paycheck to paycheck [4] - Chime differentiates itself by focusing on short-term liquidity, avoiding fees, building credit, and promoting saving habits for everyday consumers [5][9] - Chime's low-cost structure allows it to develop profitable relationships with everyday consumers without relying on billions of dollars of fees [9] Market Perspective - Traditional banks primarily focus on high net worth clients and services like rewards cards with high costs, neglecting the everyday consumer [8][9] - Chime does not view cryptocurrency as a currency for everyday consumer transactions in America in the near future [12]