I don’t trust banks and #fiat 🤡 world !
100% allocation in #bitcoin here 🤙
Discussion
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How do you buy normal stuff? 😅
Unfortunately rent payments I have to convert to $ but the rest is nostr:npub18tcc00lqpysdsurg567dllzg7jeyr5wcyk2v6w23rx3s3ygyze2qv32nxx
The only bank I trust is https://www.xapobank.com, because they do not lend money, are pro bitcoin and even support lightning.
they do not lend money? What is their business model?
Where the interest in BTC comes from?
They appear to provide a nice service. But it is even questionable if they should be called 'bank' if they do not lend $
They use the dollars to invest in USA treasuries of 3 months. They invest the money and pay 80% to the users, so 20% of the dollars yield are to Xapo. They have a annual fee of 150 dollars.
They brought bitcoins a long time ago for low value, almost 30k bitcoins. They said for now that they use these bitcoins to pay 1% yield on bitcoins deposits. Here is an interview:
https://m.youtube.com/watch?t=1455&v=PMbN8cd_jBY&feature=youtu.be
But I just have dollars deposited and earn sats yield on dollars deposits.
The dollars in Xapo have 100k insurance from Gibraltar government.
Vc fala português, correto? Fiz um artigo sobre o Xapo Bank aqui: https://habla.news/a/naddr1qqxnzd3cxgcnsvf3xscrwv33qyfhwumn8ghj7mmxve3ksctfdch8qatz9uqsuamnwvaz7tmwdaejumr0dshsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshszxrhwden5te0wfjkccte9ecxcetzwd68ytnrdakj7q3qvxd0dfst8ljvwva2egrpc53ve8ru78v8aaxfpravchkexmfmmu3sxpqqqp65w348kv4
An option is a pro bitcoin bank, like https://www.xapobank.com.