Question, how does Arise bank interface with bitshares? Are they supposed to be the banking backing for bitusd?
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Question, how does Arise bank interface with bitshares? Are they supposed to be the banking backing for bitusd?
On and off ramps, for one thing. Um. Two things. Joint customer support for another.
I see. Thanks for answering.
BitUSD doesn't need or depend on any banking backing. BitUSD are transparently collateralized with at least 175% of their target value in BitShares locked up on the blockchain. This is how they can function without subjecting holders to counterparty risk like competitors do.
I see, just been hearing a lot about Arise recently and wanted to ask if that related to bitshares or bts considering how convenient they are for many of us.