Cryptocurrency bank Dakota provides financial management and other services to businesses

Odaily News Cryptocurrency bank Dakota was founded on Wednesday by a group of former executives from Airbnb, Anchorage and Coinbase Custody. The crypto bank aims to provide financial management, lending and payment services to businesses. CEO Ryan Bozarth said their model is different from early centralized cryptocurrency lending institutions, and the company is at the center of the entire process: receiving deposits, lending deposits and collecting fees from interest payments. (Coindesk)