In my last post, I had the idea to build a decentralized bank on top of bitcoin cash
I’ve built it. Swype is a NON CUSTODIAL piece of software that sits on top of crypto wallets. Currently I’m supporting bitcoin cash and eth, but will expand to other currencies.
You can hold your entire net worth on your OWN wallets, stick the Swype stack on top of your wallet, and sign transactions to spend crypto as fiat at the point of sale.
For now, we’re running our own chainlink nodes (so it’s technically centralized) but we’re planning to let anyone anywhere run a chainlink node to verify transactions.
Within a few months, once we solve the KYC problem - you’ll be able to use Swype with your own wallets, in almost every wallet format.
No more banks. No more censorship.
You’ll soon be able to store your entire net worth as crypto, but still spend it as fiat, and no one can stop you.
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source https://www.reddit.com/r/btc/comments/l12lgx/ive_built_a_decentralized_bank/
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