This video explains step-by-step the fastest, easiest, and least expensive ways to get fiat currency into crypto before banks collapse. When SVB collapsed it reminded me of Washington Mutual Bank collapsing in 2008! Basically the FDIC steps in on a Friday afternoon and scares the crap out of the depositors until they can find a bigger bank to buy the assets and make billions.

FREEBIES:
$50 FREE Crypto Bill Pay / Debit Card - Spritz Finance: https://bit.ly/3BF4Zyz
KuCoin Free $500 Mystery Box: https://bit.ly/3BLUqcI
$10 FREE $BTC – Binance US (USA Only): https://bit.ly/3oleSyb
$100 FREE $BTC – Binance Worldwide (Non-USA): https://bit.ly/42TliDR
Kraken Crypto Exchange: https://bit.ly/42QPaRj
Ledger Hardware Wallet FREE Shipping: https://bit.ly/3ItCfwl
Bankless – Become A Bankless Citizen: https://bit.ly/41SON7h
$5 FREE Sign Up CashApp: https://bit.ly/3WmKQ9G
SurfShark VPN – Get 30 Days FREE: https://bit.ly/3q16bJJ

Fiat2Crypto - https://fiat2cryp.to/
UniSwap - https://app.uniswap.org/#/swap
Matamask: metamask.io

On the heels of Silicon Valley Bank’s collapse earlier this month, 186 more banks are at risk of failure even if only half of their depositors decide to withdraw their funds. That is because the Federal Reserve’s aggressive interest rate hikes to tamp down inflation have eroded the value of bank assets such as government bonds and mortgage-backed securities.

“The recent declines in bank asset values very significantly increased the fragility of the U.S. banking system to uninsured depositor runs,” economists wrote in a recent paper published on the Social Science Research Network.

A run on these banks could pose potential risk to even insured depositors — those with $250,000 or less in the bank — as the FDIC’s deposit insurance fund starts incurring losses, the economists wrote.

The past few years have seen the launch and blossoming of blockchain technology. This technology also harbors other innovations like cryptocurrencies, DeFi, NFTs, and other digital assets. These innovations are mostly solving the concurrent problems caused by centralized monetary systems.

Blockchain technology dates back to the 2007 economic decline that saw the world suffer from poor central banks management. Many banks were already in debt, and they were also minting excess fiat currency that raised inflation rates in the world. Satoshi Nakamoto made a digital currency, BTC, as a remedy. This currency has a design to solve this issue and avoid such mistakes since it is fully decentralized. Nakamoto also made his source code an open resource for other developers to make similar innovations and solve the banking issues.

As a result, Cryptocurrencies were born, and now they function more efficiently than the banking systems. They also offer even better financial systems than banks. Currently the biggest drawback of cryptocurrencies is its volatility. This makes cryptocurrency unable to be used in daily day to day transactions. This issue is widely expected to be resolved once cryptocurrency gains widespread popularity.


Chapters
0:00 Intro
0:21 Welcome
0:31 WAMU 2008
1:09 What Everyone Should Know About Banks
1:55 WAMU - CHASE Acquisition
2:35 Your Money on the Blockchain
3:05 Ways of Transferring Your Money (Fiat) to Crypto
3:35 Uniswap Fiat-On-Ramps
3:57 Centralized Exchanges CEX
4:54 Metamask and Other Crypto Wallets
5:13 Final Thoughts
5:27 2008 Clip AP Washington Mutual

#BankCollapse #FiatOnRamp #Crypto