MultiversX Tracker is Live!

Bank runs revealing fiat deposits are magic internet money...Crypto entered the chat.

All Cryptocurrencies

by COINS NEWS 63 Views

https://www.coindesk.com/tech/2023/03/22/rapid-bank-runs-reveal-deposits-are-now-magic-internet-money-too/

Alot of people are realizing that their "savings" at their bank are nothing more then digital numbers. This is a terrifying thought. With the bank contagion likely to continue spreading over the next year we may see even more crypto adoption from people who actually understand what it aims to solve.

I couldn't imagine the horror when families and business owners watch their savings evaporate into thin air because the bank "doesn't actually keep cash on hand" I'm glad the fed has bailed out depositors but I don't think the last domino has fallen yet. Thoughts?

submitted by /u/eljugador416
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments