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Lol yeah what are the tokens for if they already keep your cash and crypto for you? It makes much more sense to use those for whatever you might need. The memberships also feel like they just want you to buy tokens.
But yeah, the concept might be intriguing, but I can take care of my crypto myself so I probably won't be in the market for this kind of banking anytime soon. I can see this being quite polarizing.
Probably the whole idea behind this token is another stable coin with a fixed value. I really can't find anything about it but it seems like this would be the only way to get licensed as a bank since there is no way they would allow a bank that would have their customers funds at risks with the volatility we experience.
But their entire website is so full of contradicting info and ....mistakes!!!
https://eqibank.com/eqi-token/This service is designedfor HNWIs
of $5 million is requiredat the time
services anda member may choose
So you're targeting customers with at least 5 million but you can't double check a text for typing mistakes!
Lol!! I though of some fresh ideas that may have been incorporated in this new crypto bank. But it seems like another rip-off like traditional banks.
Seems like this is the new trend right now, we're replacing something bad with something ten times worse.
In the place of banks, we have those webwallets (inputs.io and many others), Karpeless replacing Madoff, instead of the FED we have Ver and bitmain...