Being in America, I think this would suit those best as we have to deal with these centralized giants like Wells Fargo, Chase, Suntrust, etc taking our funds and the fact we don't even own the money that we think we do- it's just what we are "owed". I believe this can be the next wave of crypto trends and I hope to see others follow in the same path. We need to eliminate the disease of big banks we have now that are taking our money! What are your thoughts on EQI and the current banking system? Are we nearing a solution to this epidemic?
All the while I thought crypto startups would try to deviate from traditional financial institutions and models, but here we are getting another product of greedy capitalism. With this so-called innovative crypto bank, we're just adding another currency and some services that already exist in a single institution--not much innovation there IMO. In signing up with their services, it's as if you're giving your money to a bank albeit a less reputable one. It's better to just use traditional banking services for storage of money and exchanges for trading rather than risking it both in a single service that has a huge risk of being hacked.
Hmmm, more like a token bank which will use its own token.
And the fees...god !!!!!...the feees !!!!
https://eqibank.com/fees/Annual Fee: Accounts <5M Maintenance 1000
Wire Transfer Fee: 100
I hope there are quite a few of extra zeros in that table or it's some sort of
Aprils Fools Halloween joke !
Ahh nope, maybe not. Traditional wire transfer fees start @ $25 from where I am and this one is too absurd to even happen.