start up idea: cocaine collateral bank of colombia
The biggest cheese banks in Italy store 300,000+ wheels of Parmesan. Dairy farmers use cheese as collateral and get loans up to 80% of market value. At ~$1,000 per wheel, that’s $200m+ in loans (banks seize and sell cheese if farmer can’t pay back). Best part: banks use automated machines that brush and turn the cheese wheels everyday to keep them fresh. *** Vid link: https://youtu.be/QqqVnxw1GZk?si=tefHfaxIf63hB-2U
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