RE: Gold27 Aug 2019 22:50
FlappingChicken
They want a Banking Platform
TallyMoney came out first because it was easier and I guess lowest hanging fruit so at least they achieved what was easiest.
Gold Backed Banking Platform - It will be very interesting, very bold, very new. That makes Goldbacked Mortgages possible.
That is a bit tricky because gold backed bank cant make much money.
Gold backed bank ought to have many products.
Current Account, Mortgages, Loans, Insurance amongst other financial products like TallyMoney, Wealth Transfer ....
If all these products are strictly gold backed then they wont make much money for Bank - that shouldnt be a problem for early investors like us.
Gold Backed Mortgage could make billions if its a long term contract.
But all this is too far ahead.
Step at a time.
Let's start with Full feature Current Account facility for all customers.
Ability to receive payments, wages, direct debits etc.
That would do
But if its done properly and nicely.
It could take time