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Suffolk Bank

Search complete. 2 mentions across 1 episode found for "Suffolk Bank".

Sep 17, 2026

David DwumahGUEST
24:58
Oh, the arrow-free banking? Is that what you're talking about?
Joe CasaleHOST
25:01
Well, where Suffolk Bank had its own currency, and you would take the Suffolk Bank currency to Bank of Maine, and they go, well, we'll give you X amount for that.
Joe CasaleHOST
25:13
We won't give you the full thing.
Joe CasaleHOST
25:14
And then the Bank of Maine would have to then get the Suffolk dollar back to the Suffolk Bank, which they kind of eliminated with all the currency.
Joe CasaleHOST
25:23
I see, you know, like you said, there's nothing new in history.
Joe CasaleHOST
25:27
I see stable coins as the new version of the Suffolk system where, you know, every bank had their own currency and you'd have to exchange it.

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