Rapid Bank Runs Reveal Deposits Are Now Magic Internet Money, Too

rapid bank runs reveal deposits are now magic internet money too
rapid bank runs reveal deposits are now magic internet money too 1

One thing that has distinguished traditional banking from crypto, in the eyes of many financial experts, is stability. There’s a strong belief that most people who put money into an account at a prominent bank will generally leave it there, indefinitely – whether due to comfort, satisfaction, relationships, laziness, lots of things.

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