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RE: Gold, Silver and Crypto Assets, you and your bank

in #gold7 years ago

That's a very cool story - It's interesting that you were actually able to convince them. It's hard to imagine a stuffy bank that knows nothing about crypto to get a crash course on it and then say "OK.. seems legit" Did you show them that you were able to instantly move money around and could cash it out? Great job on helping to push it. I'm sure thewy are going to sit around their dinner parties and talk about how they used crypto as proof of assets for the first time ever. Undoubtedly someone will ask them what crypto is and word will continue to spread. They may even start asking customers if they have crypto as proof of income - which could spur more questions. There is no doubt that banks will be looking at it from a very different point of view before long. They will not be able to ignore it and will likely look for ways to cash in on it.

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Thx for that, I started to follow you. Real Estate has been a love of mine since I was a teenager. My parents were both real estate agents and my dad used to be in trades. As a family we used to buy and sell, fix and flip but now I am in the accumulate cash flowing properties in undervalued areas and rent mode. That story was my first experiences with a bank policy around property acquisition. I was wondering where the line would be before roadblocks started to pop up and I found it.

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