To my knowledge, credit card / bank signup bonus are not marketed / packaged as asset classes.
Learning that a non-crypto investment instrument was based on bank signup bonuses would be shocking to most, no?
To me, that’s the source of the astonishment in the podcast. If what we’re talking about is built on non-sustainable foundations, fine. Call it that. But that’s the opposite of an investment opportunity.
Question is what exactly does "participating" means.
Banks generally hate anything that takes away their branding. Less sleek of this -- i.e. reprogrammable Visa cards -- have been around for a few years but banks never supported them, again because of branding.
Yep, that's the point in the last sentence: many of these financial services companies end up partnering with banks, but not for the "wallet" component of their services. The "wallet" part remains a relatively under-regulated financial product, while the debit card is only accessible to those who can pass KYC or otherwise meet the underlying bank's requirements.
As you can see it is sponsored by Nordigen, and they try to say that open banking has some ugly and bad aspects in everything that is not the particular points of their marketing offer.
It doesn't seem like that to me. It seems like they tried to sidestep the required regulatory hurdles to offer a real checking/savings account and got a wake up call.
Learning that a non-crypto investment instrument was based on bank signup bonuses would be shocking to most, no?
To me, that’s the source of the astonishment in the podcast. If what we’re talking about is built on non-sustainable foundations, fine. Call it that. But that’s the opposite of an investment opportunity.
reply