Bank of Hodlers is a platform where users can either earn interest or get a loan against their digital assets.
The problem statement
Banking is controlled by few, and therefore it benefits the few. The industry struggles with a lack of transparency and imperfect competition and misalignment of incentives which has contributed to banks failing in the past. They don’t innovate keeping their customers in mind, because they don’t believe they have to.
Fintech startups like Monzo and Revolut provide an alternate option. With that, they’ve captured millions of users in the last 4 years.
Banking has another wave of disruption to go through. A new wave of customer first banking systems will replace the existing system and everything that’s wrong with it by being transparent by design, customer-centric and decentralized.
We, at the Bank of Hodlers, are building this future. We’re building a retail bank that solves for: