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RE: SBBank - Simplified deposit process and a friendly reminder about Steem account security

in #sbbank • 9 years ago (edited)

Guess the people would like to know where the interest will be paid from and why your model is secure ;-) Why should anybody send you sbd without knowing what is going on?

9 years ago in #sbbank by
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       9 years ago (edited)

      See my edit above. The loans we make are secured as the borrower has to put down sufficient collateral. Borrowers also remain liable in the unlikely event of default.

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           9 years ago (edited)

          Ok I will keep an eye on that. Sounds interesting. Are you lending money or sbd to the borrowers?

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               9 years ago 

              USD - terms are generally very short term: 1-48 hours. We do face exchange risk if SBD appreciates above a dollar again, but we should be able to handle it.

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               9 years ago 

              Thanks for explanation.

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                   9 years ago 

                  Not a problem, feel free to reach out on discord if you have any more questions :)

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