Eco is not another Fintech trying to operate within the existing financial system. Instead, Eco is building a new system with the first consumer fintech product whose creators are truly aligned with its users. Only by operating outside the present system, Eco can introduce something radically different.
The ECO is not a bank, but something more, it works at the expense of the APY. When you put money into your bank, they give it back in the form of mortgages, small business loans, credit cards, and more. This year they have generally earned about 2.6% year over year.
Then they turn around and pay you next to nothing. Usually 0.01-0.05% per annum. Sometimes literally nothing.
Eco makes your money work for you, not the bank. The profits from your money go straight into your pocket.
Eco Explore II: Open Systems Will Win
December 9, 2021