The cryptocurrency bank Dakota offers bank-like services
2024-07-24 13:16:31
Founded by a group of former executives from Airbnb, Anchorage and Coinbase Custody, Dakota, a cryptocurrency bank, provides financial management, lending and payment services to businesses that pay a monthly fee and can use a platform that allows them to lend out their deposited cryptocurrency to DeFi protocols. The company is at the center of the process: receiving deposits, lending deposits and collecting fees from interest payments.
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