Why would @virtuals_io repost this @717CapitalAI post with just a picture?
Seems $WIRE'd to me https://t.co/vyLmQnycO2
Why would @virtuals_io repost this @717CapitalAI post with just a picture?
Seems $WIRE'd to me https://t.co/vyLmQnycO2
Something's cooking with $WIRE
Could be something to do with the bank acquisition process, but seeing some big buys jump in the past couple days.
TG chat said stay tuned for an update and blog post by the end of the week 🤔
What's cooking @717CapitalAI?
https://t.co/EwVqgihkiV
Exploring $WIRE: One of Crypto's Biggest Issues for Real Players is Banking Access
Often we find ourselves looking for gems, but seldom do they appear with a real mission and execution plan that are real.
They are approaching to buy a bank, sure, but lets dig deeper.
The Indirect vs Direct Banking problem: Where most frequently users and businesses are using a indirect bank. This means that you are banking through a "correspondent." In a sense, they are a middleman providing services that can be shot down, delayed, or their clients denied servies for any reason.
1. @717CapitalAI are aiming for Full Fed Licensing through this merger.
-This allows them full control of the USD flows from end-to-end (Direct Fed Master Account Access).
2. This means 24/7 instant settlements:
-Basically matches or beats CEX on/off ramp.
-No waiting on corespondent banking hours.
-Fedwire/NSS instant settlements
3. Eliminates Debanking & Counterparty Risk:
-No "our bank just shut us down" stories.
-Reliability for institut