An Open Letter To My Bank: It’s not me, it’s you.

Date: November 10, 2019 / Category: Blog

I think we need to talk….

This one-way relationship isn’t working anymore. Every interaction has become difficult (and costly). There’s no trust, and you’ve betrayed me too many times. Most importantly, we don’t share the same vision for the future…

It’s not me, it’s you.

All the times you promised you’d change…
1980’s market crash: Inflation spiralled out of control and interest rates soared to almost 20%. Program trading, overvaluation, illiquidity and market psychology being the main causes of Black Monday carried out by the banks in 1987.
2008 Financial Crisis: S&P 500 lost approximately 50% of its value between 2007–2009 and unemployment raised to a whopping 10% in October 2009. To top it off, 11 banks received extraordinary government-sponsored bailouts paid for by the US taxpayers…

2020? In 2019, the Federal Reserve has already cut interest rates 3 times. In July of this year, rates were slashed to 2.25%, and recently to an even lower rate of between 1.5% and 1.75% amid early signs of a global slowdown — a clear sign of another major recession is likely approaching.

Let’s be honest…

Banks can’t commit to putting you first when shareholders are in the game. You deserve better than your bank, and banks don’t deserve your trust. Eight major financial crises over the last 40 years (Latin American debt crisis, US Savings and loans crisis, Black Monday, Junk bond crash, Mexican peso crisis, 1997 Asian financial crisis, Dotcom bubble, Global financial crisis) largely due to mismanagement of risk and a complete lack of transparency and oversight.

Thank you, next.

It’s time to settle down with a partner that treats you and your funds the way you deserve to be treated; one that you can actually see yourself building a future with…

Replace that toxic relationship with one that really satisfies your needs! Your relationship shouldn’t feel like work. Flip those difficult interactions with your bank into ones that are actually fun!

Celsius gives you a simple and easy way to earn and borrow against your favourite crypto with 24 top coins including 3 staking coins and 10 stablecoins. With Celsius, you can earn up to 10% interest on deposits and borrow at rates as low as 3.46%. And that’s without mentioning that up to 80% of Celsius’ revenues are shared with our depositors, not our shareholders.

Hey Celsius…

Celsius knows a healthy relationship is all about trust and transparency.

When it comes to acting in your best interest, we don’t just talk the talk — we walk the walk, too. Celsius Network offers unparalleled transparency for our members including up-to-the-minute community insights for others to track the health and growth of Celsius, public wallet addresses that anyone can review and audit, and unbound opportunities for the Celsius community to take part in our project!

Finally! Someone who you can see yourself building a future with!

We’re here for the long haul, working every day to create a world in which every single person has equal access to a healthy, lucrative, transparent & supportive relationship… with Celsius!
We’re here when you’re ready.

Support groups:
👍Facebook, 🐦Twitter, 👥LinkedIn, Reddit, Instagram, and 📺YouTube.
Help in making the right choice: hello@celsius.network

* Article credited to Leah Jonas — Head of global partnerships at Celcius Network (originally adapted from DD&D — Tel Aviv Blockchain Week).

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