17 Dec
2003
17 Dec
'03
11:17 p.m.
What does it take to be called a bank?
Is it necessary to be called a bank? I've got a storefront in Chicago. What would prevent me from opening up a Mark Twain account and buying and selling ecash on floppies, in person? Do account holders have to agree not to do that before Mark Twain gives them an account? Is it illegal? The currency exchange model almost seems more appropriate for most users than the bank model.