Karsa lets you open a digital dollar account from anywhere. Get a virtual US bank account, save in stablecoins, send/receive from 50+ countries, and soon, spend globally with a Visa card.
@hi_caicai really good question at the heart of stablecoin neo-banking. I don't have a perfect answer so I'll tell you my view / what people think.
Some folks argue that since these are backed via US treasuries, they're lower risk than bank deposits -- which I can kind of (?) agree with. And we're confident in the security we have in place (we're using the same wallet provide that was just acquired by Stripe!). And then the last piece is -- there's a lot of countries around the world that don't have explicit bank deposit insurance schemes!
with all that being said, we're evaluating eventually having insurance as a cut of the NiM we make on deposits or via a subscription model. Hope this helps!
🌍💵 Karsa is live! Virtual US bank account + global spending = serious financial flexibility 🔐🚀
YouMind
Will you offer any additional security or insurance for user funds in the future?
Karsa
@hi_caicai really good question at the heart of stablecoin neo-banking. I don't have a perfect answer so I'll tell you my view / what people think.
Some folks argue that since these are backed via US treasuries, they're lower risk than bank deposits -- which I can kind of (?) agree with. And we're confident in the security we have in place (we're using the same wallet provide that was just acquired by Stripe!). And then the last piece is -- there's a lot of countries around the world that don't have explicit bank deposit insurance schemes!
with all that being said, we're evaluating eventually having insurance as a cut of the NiM we make on deposits or via a subscription model. Hope this helps!
would love to see Karsa at go-publicly.com