❔FAQ

How would we accomplish currency exchanges & banking operations without being a bank?

Short Term:

User assets are not directly transferred into FIAT. Instead, during a transaction, they are converted into stable-coins. This way we can account for volatility and avoid banking regulations at the current time. This is of course subject to change as regulations are almost as volatile as cryptocurrencies.

Long Term: Option A: Partner with an existing bank & cryptocurrency exchange. Option B (not preferred): De novo bank route -> Raise Capital - Get charter - Apply for FDIC approval Option C: (preferred): Apply for an SPDI charter and operate with user assets backed 1:1