Lately there has been a lot of controversy around AriseBank. One reason for this is that it has the word "Bank" in the name.
Let's review what the definition of Bank is:
noun: bank; plural noun: banks
- a financial establishment that uses money deposited by customers for investment, pays it out when required, makes loans at interest, and exchanges currency.
Per the AriseBank website it says the following:
"It's the first ever decentralized banking platform. AriseBank is the first decentralized banking product ever created and features one of the largest cryptocurrency platforms ever built, with services like AriseID, aEx, aiExchanger, aTransfer, AriseCard, aTMs, aPocket, aPay and more. aBank is completely decentralized, which means it's never hosted in our data center and we never touch your money. It's entirely hosted on your desktop and mobile devices."
So as you can see there is a big difference between a Bank that "uses money deposited by customers for investment" and "we never touch your money."
Personally I think AriseBank is not a bank as we understand a bank to be. It's better than a bank. Safer than a bank. It's not centralised like a bank.
The following list of websites and articles have been provided to help give you more understanding:
Here are a list of videos for further understanding:
You can also see a letter here from Jared Rice Sr. the Chief Executive Officer of AriseBank written by him and on behalf of the Arise governance.
We The People are determined to take back our freedom and AriseBank along with Bitshares will be instrumental in achieving this.
I hope you can see beyond the FUD and that you are self determined enough to think for yourself and are not a sheeple who just does what he is told because some government department said so.
When it comes to freedom it requires you to be constantly alert and willing to fight for your freedom. If you don't you'll inevitably end up a salve.