users will direct 50% of Good Money\u2019s profits to impact projects focused on social media and economic inequality, renewable energy and environmental stewardship<\/strong>.<\/p>\nGunnar Lovelace, the company\u2019s founder, said that his company aims to improve on the traditional practices of commercial banks in order to make it more decentralized and fit for customers all across the world.<\/p>\n
According to Lovelace,<\/p>\n
“We live in a world where consumers pay hundreds of dollars each year to banks for low-quality banking services, where banks return practically zero on deposits but leverage those deposits on a times ten ratio to finance projects that make the world a dirtier, less equitable place while creating no economic benefit for customers.\u2019\u2019<\/em><\/p>\n\n","protected":false},"excerpt":{"rendered":"
Good Money, Neo-banking platform was recently able to raise $30 million USD via a Series A funding round which was held to continue developing its app which is to be released come 2019. \u2013the waitlist launch will reward users with equity for securing their spot in anticipation of the full platform release.<\/p>\n","protected":false},"author":4,"featured_media":11263,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4675,4702,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/11261"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=11261"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/11261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/11263"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=11261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=11261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=11261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}