I Just Bought a Bank – Yotta YC S20

At <a href="https:&#x2F;&#x2F;youtu.be&#x2F;Fe1uWBSnzLw?t=151" rel="nofollow">https:&#x2F;&#x2F;youtu.be&#x2F;Fe1uWBSnzLw?t=151</a>:<p>&gt;<i>You would earn an average of a 2 to about 2.25% return. Now for reference that&#x27;s about 3 times higher than even the best high interest savings accounts out there.</i><p>Is the implication of this that the &quot;best&quot; high interest savings accounts are about 0.75%?

It&#x27;s not unusual. An acquaintance from a hackerspace bought a bank charter from a closing regional bank to reduce the costs to complete an international transaction.

How is this not gambling? This just seems like they combined gambling with a pyramid scheme.