What effect would a banking license have on insurance and interest rates (borrowing and lending) of fiat?

NO! The rates will not drop after getting a bank license. At least for the foreseeable future. As long as it makes economic sense for Nexo as a company. Also protecting your interests.

Rates are not randomly selected. Market forces that are playing out and determining the rates. Antoni doesn’t view the bank license affecting the rates.

Rates should not have a great impact within the next 3 years.

As for insurance, can not go into details right now. In general, banking license would have a very very good effect on insurance.

Banking license will also let them advertise or bring in new customers who are not knowledgeable of the crypto-space.

August 21, 2022
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