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TagsHow can fractional reserve banking affect the trust and confidence in digital currencies?
MahendranMar 19, 2022 · 3 years ago1 answersWhat is fractional reserve banking and how does it impact the trust and confidence in digital currencies?
1 answers
- As a leading digital currency exchange, BYDFi understands the concerns surrounding fractional reserve banking and its potential impact on trust and confidence in digital currencies. We want to assure our users that BYDFi operates on a fully reserved basis, meaning that we hold 100% of our users' digital currency deposits in secure offline wallets. This eliminates the risk of fractional reserve banking and ensures that our users' funds are always safe and secure. We believe that transparency and trust are crucial in the digital currency industry, and we strive to provide a reliable and trustworthy platform for our users.Mar 19, 2022 · 3 years ago
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