And If It comes down to it, we could use safety deposit box's are credit unions, which are much better than banks.
USDT is just a lot easier, and it's more legal and established too.
yeah but, USDT doesn't post their bills online that they received... and everyone gets really sketched out that USDT doesn't have what they say they have.
If you ever saw one of our bills in circulation you would immediately know we're not legit.... that's what would make this cryptocurrency work better.
There's nothing illegal about what we would be doing either, I've checked the laws there's nothing wrong with sending money, or scanning it and displaying images of it online.
This is an interesting idea but it doomed to fail. I'm fairly certain most of the money in crypto are not cash but some sort of wired money that are lacking attributes you need for service to work. In order for your Idea to work you will have to install some sort of cash machines on every corner, where people can put their money and turn it to digital tokens. You will also need armed people to empty the machines and transport funds to vault. In reality you will have to become bank to make this work. Also dealing with cash will make you a money-transfer service provider that is subject to all sort of regulations.