Crypto Critics' Corner cover image

Why Crypto Will Never Fix Payments (Feat. Patrick McKenzie)

Crypto Critics' Corner

CHAPTER

The Pension Apocalypse and the Story of Farmington State Bank

This chapter explores the story of Farmington State Bank, a small local bank that underwent a transformation into an online banking platform. It discusses the challenges faced by the bank, including a federal reserve cease and desist letter issued after the problematic deposits were already discharged.

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