I foresee that banks will start to accept bitcoins in near future and will allow customers to trade and do bitcoin lending activity as well. What will be it’s impact on platforms like SALT or ETHLEnd ?
My organization, BTRIC, is studying community interest in establishing a U.S.-based federal credit union that specializes in cryptocurrency accounts, personal and business. It is becoming more clear that financial institutions are limiting people's access to fiat/crypto gateways. The appealing thing about a credit union is that it is owned by each accountholder, is a non-profit and returns any profits to members as dividends, and can offer banking services to the entire cryptocurrency industry on fair and transparent terms. I have had initial discussions with the NCUA, which is the agency that grants federal credit union charters. I need to build more of a following behind BTRIC to accomplish what we can do for the ecosystem, so I encourage you to take a look at our organization and consider supporting it. (See signature for ann thread and website/white paper.)
Though the ultimate destination of crypto is to eliminate banks/financial institutions, that goal is not going to happen overnight.
BTRIC is a non-profit, so contributions to our organization are tax-deductible, which is a great way to offset capital gains taxes. In addition, projects that we incubate under BTRIC's Project Incubation Program will be later spun off as separate organizations (businesses), and donors will be rewarded when they perform their ICO/ITO (subject to legality of course, read our white paper for full details).
Best regards,
Ben
