Dragon Island Council of Elders.
"Are our loan terms a bit too lenient? Should we control them a bit, or make so small adjustnts?"
The golden dragon, who had always been worried they couldn’t loan the money out, was now looking at Nidhogg, the Dragon of Despair, with so concern.
In just one day, not counting the tens of millions of gold coins loaned out to Viscount Roster, rchants large and small had already borrowed a full 80 million gold coins.
After the auction ended, so great nobles and supernatural beings had also withdrawn so gold coins. In reality, not counting the dragons’ own money, they’d collected just under 300 million gold coins in total deposits.
Considering that loans carried risks and might result in lots of bad debts, and so great nobles might still withdraw gold from the bank... the risk was really getting pretty big.
"No."
Nidhogg, the Dragon of Despair, shook his head very decisively. "Even if the loans we put out exceed the amount of deposits we’ve absorbed, we have to continue. As long as they et the current conditions, we continue. Worst case scenario, we’ll transport so gold from Dragon Island."
"Trust , it won’t be long before those people who are holding gold coins and repeatedly testing us, depositing and withdrawing nonstop, will completely trust us and start keeping their surplus money with us. At that point, the problem you’re worried about will return to its original state—worrying that we have too much money and can’t loan it out..."
"Besides, have you guys not thought about why the god had us give interest rate discounts to those small and dium rchants who want to start new companies? It’s because the god wants to stimulate them to enter into magic conductor reform."
"The god needs them to boldly move forward, not to look back and forth hesitantly."
The words of Nidhogg, the Dragon of Despair, stunned quite a few dragons in the Council of Elders. Then, one by one, they showed thoughtful, suddenly enlightened expressions.
"Actually, it’s mainly that I don’t want to bear greater risk. Otherwise, we’d only need to make one promise—sa rice, sa flour, sa cotton—and absorbing deposits would be much easier."
"What do you an by ’sa rice, sa flour, sa cotton’?" The golden dragon was sowhat puzzled.
"It ans promising that however much grain and cotton their money can buy now, after one year, we guarantee that the money they withdraw can still buy that sa amount of grain and cotton."
Nidhogg, the Dragon of Despair, said quite casually, "That way, we could eliminate most human freen’s concerns. But it’s too much trouble, and these risks aren’t ones we should bear. There’s no need. Once we’ve built up our reputation to a certain degree, it’ll be the sa anyway."
"So what do we do next?" The golden dragon was sowhat curious.
"We don’t do anything. We continue collecting money, making loans, and delivering packages."
Nidhogg, the Dragon of Despair’s tone was very certain, without a hint of hesitation. "Don’t forget what our original idea was. We went in with the mindset of spending money to buy children, serving the God of Technology. Even spending so gold didn’t matter, as long as we could expand the dragon population."
At so point, the dragons had started thinking about how to use these two companies to make profits, rather than sticking with their original idea.
Nidhogg could understand. No matter who you were, facing such two behemoths, such massive gold transactions, you couldn’t help but think about how to profit.
Besides, he actually felt the current trend was pretty good. Those great nobles withdrawing money weren’t necessarily worried the money would disappear—many nobles also had money that could help them make more money, and they’d just temporarily deposited it because of the auction.
Those magicians and supernatural beings—most of them hadn’t withdrawn anything. That was the proof.
Those freen, the small custors, were indeed testing them with a few gold coins right now. But when they believed, these small custors with a few gold coins, dozens of gold coins, would also pool together an extrely large amount of funds.
You have to realize, this was only about half a day, and just those few major cities had already added a full 600,000 new custors. Once all the Dragon Banks across the entire continent started up, how many new custors would there be?
He didn’t even dare to imagine.
As for the rchants taking out loans, right now there were more in big cities, especially those rchants around Roster territory—they were bold, could see the prospects, took out lots of loans, which was why 80-plus million gold coins were loaned out in such a short ti. When it ca to covering small territories, they wouldn’t be able to loan out that much.
Gradually, this nurical gap would be made up.
In fact, how things developed was pretty close to what Nidhogg, the Dragon of Despair, expected.
Actually, it was even better than what Nidhogg, the Dragon of Despair, expected.
Because... there were way too many people in this world suffering from threats from bandits and thieves, especially those people in the Thieves’ Guild. Most of them didn’t dare steal from great nobles, but for these ordinary rchants and those low-to-middle-inco freen, they were like a nightmare.
Low-level thieves stole from low-inco freen, high-level thieves stole from middle-inco people and rchants. Keeping money at ho was incredibly dangerous. Even the thod of digging a hole in the yard and burying it was powerless against thieves who had divine arts.
Keeping it in Dragon Bank, even if there was no interest, as long as they could withdraw it, that was a pretty good idea. What’s more, the money could actually make money.
The farther from the big cities, the stronger this sentint.
As more and more Dragon Banks started announcing that depositing 3 gold coins would get you a free second-gen Magic Net ring, the number of Dragon Bank custors began to skyrocket.
Ten days later, Dragon Bank’s custor count had reached a terrifying 5 million people, of which 4.2 million still had deposits in the bank. Together, these people had stored a total of over 620 million gold coins.
The amount loaned out had reached a terrifying 450 million gold coins.
"This plan went unexpectedly smoothly!"
In the divine realm, Ren couldn’t help but sigh. "In just 10 days, our Magic Net users skyrocketed to 5.5 million. Compared to before, that’s nearly 4 million more people. Too bad many of them won’t be high-intensity Magic Net users."
"Now you’re complaining?" The Goddess of Magic glared at him. "Even if they only open the Magic Net once a day and pray once, that’s still 4 million more prayers of faith we get! That’s not nothing."
"Haha, you’re right."
Ren laughed heartily. "I feel like just these past few days, the faith we’ve absorbed through the Magic Net has nearly doubled. Can’t ask for too much."
"But speaking of which, what I care about more is that gold coins have started flowing. I feel like on the continent, for tens of thousands of years, money has never flowed this quickly. Those small and dium rchants who are starting to make big moves relying on Roster territory through loans, along with so minor nobles, will completely push our magic-tech industry forward at full speed!"
Loaning out over 400 million gold coins—the greatest value of the bank had already been revealed!
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