However, He Yunxiao immediately realized that even opening a bank requires a large amount of capital; otherwise, it would be impossible to issue banknotes or attract depositors.
Moreover, if silver notes were to be issued, they would need to go through the review process of the Ministry of Revenue of the Imperial Court, which would not be accomplished overnight.
He wants people to deposit their money with him, but he himself needs even more money. It seems he's hit a dead end.
He Yunxiao thought about it for a long time, but ultimately rejected the idea of opening a bank.
With my current capabilities, opening a bank would be a complete overreach.
But what can attract deposits if it's not a bank?
Game currency!
It's game currency!
Or call it a "coupon" or "supermarket card," it doesn't matter!
Basically, their business is to exchange money for something else in advance, and then use that something to make money!
If consumers are given even a small discount, then people will definitely flock to redeem "supermarket cards"!
This tactic is equivalent to using a slight interest rate differential to indirectly attract deposits.
He Yunxiao doesn't have the savings mentality of people from ancient times.
The small loss in exchange rate difference was nothing to him.
Even if it's just a little more subsidy for merchants to receive discounts on the "supermarket card," it doesn't matter at all.
As long as the pool of deposits is large enough to sustain the amount of money merchants can exchange for consumer spending, this game can continue indefinitely.
They can even use their huge deposits to make high-profit investments and quickly make up for the lost interest rate spread.
Even when the game is about to become unsustainable, as long as they start to align themselves with various interest groups and make themselves "too big to fail," the game can continue.
He Yunxiao was secretly excited.
If used properly, not only could Sister Jiang's 10,000 taels of silver for redemption be bought, but the entire capital city of Yin could be bought at will!
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