Douluo: The blue phoenix cries loudly, and the wind whistles through the air

Didn't the previous Pope of the Spirit Hall ever think of a solution?
the answer is negative.

Even Qian Daoliu, at that spirited age, must have thought about how to deal with this matter.

It should be understood that once this matter is handled properly, it will be an achievement that will benefit the Soul Master community and be remembered in history.

But as the investigation deepened, a sense of powerlessness suddenly welled up in my heart.

First and foremost, there are many Soul Beast Forests on the continent, and these Soul Hunting Teams are too scattered, making the situation extremely complex.

It's not that there aren't powerful members of the Spirit Hall patrolling the Soul Beast Town, but these powerful members don't have X-ray vision, so how would they know what's happening in the forest? Besides, you can't see into someone's heart, and most of the Blood Soul Squad members in this line of work are old hands who have a million excuses to evade investigation.

After all, there were no witnesses in the Soul Beast Forest, so it was impossible to know whether the employer died in an accident or whether these people stole from him.

To resolve this matter, a prerequisite is the existence of a continental institution with enforcement power.

While it's feasible to have branches of the Spirit Hall across the continent, that's not their primary function, and they simply can't spare the manpower and attention to manage the Soul Hunting Squads.

Furthermore, the strength of the staff in the branch halls varies greatly. Some powerful Soul Hunting teams are not afraid of the branch halls' intimidation at all!
Qian Daoliu sighed and said to Wu Qi through telepathy, "Little Wu, I know you want to do something practical for the Soul Master world, but this is clearly impossible. If you really want to change the current situation of the Soul Hunting Team, the simplest way is to establish a reputation ranking in the major Soul Beast Towns."

Qian Daoliu's suggestion was certainly good, and it was also the best solution he had come up with after thinking about it for half his life.

Establishing a reputation ranking is very easy, but it is clearly unfair to later teams.

As a result, well-regarded teams will emerge with an endless stream of orders, while new teams will be hesitant to seek their help even if they lower their prices.

Ultimately, the chaos within the Soul Hunter Squad stems from a lack of discipline.

Even if a ranking is established, what good will it do? In the long run, if the officials responsible for setting the ranking are corrupted, the consequences will be unimaginable.

Wu Qi gestured with his hand, interrupting the elders who were discussing the matter.

"I have a solution to your concerns, which is the main point I'm going to make next. If we can handle it well, it will become our Spirit Hall's money bag in the future. At the same time, it will also be able to absorb a large number of redundant officials who have been laid off from the administrative system."

Upon hearing this, the elders exchanged glances, all of them beaming with joy.

Wu Qi had already given everyone enough of a shock today, but they hadn't expected there to be something even more important he hadn't said. The elders listened attentively, afraid of missing a single detail.

Wu Qi turned to the last few pages of the white paper and had the elders pass it around to each other.

The final major task was to establish a banking system based on the Spirit Hall's financial resources and reputation.

The bank's framework is similar to that of the previous life, but the Douluo Continent of today does not have the Internet. In terms of the settlement system, it can only rely on traditional passbooks. However, to prevent counterfeiting, Wu Qi added soul tool anti-counterfeiting technology to it.

This was brought by Zhao Chenggong. This technology is mostly used in auction houses and pawnshops on the Sun and Moon Continent to settle a portion of transactions.

Soul tool technology is not widespread in the Douluo Continent, and Wu Qi has strictly controlled its development. Even if soul tool technology becomes widespread in the future, it will be extremely difficult for outsiders to break through the bank's anti-counterfeiting technology.

Upon seeing Wu Qi's plan for the bank, the elders stared wide-eyed in disbelief.

Putting everything else aside, once the bank is established and promoted throughout the continent, the Spirit Hall will have no financial problems in the future. The bank's main responsibilities are savings and loan services.

In the Douluo Continent, bandits are rampant, and it is not easy to store large amounts of money. Some powerful families need to spend a lot of money every year to support a group of strong people in order to protect their gold and silver mountains.

If the money could be entrusted to the Spirit Hall for safekeeping and withdrawn at any time, this expense could undoubtedly be saved.

However, Wu Qi did not set interest rates on savings; money deposited in banks remained the same amount even after a hundred years.

However, the Spirit Hall has absolute credibility in this regard, and the money can be withdrawn at least a hundred years later.

In addition, the main source of income for banks is loan interest.

Once you have enough savings, banks can lend the money out as collateral for loans.
However, this is not without risk.

All of these assumptions are based on an ideal scenario: customers who deposit money do not need the money in the short term, and customers who take out loans repay their loans on time.

"If a large number of merchants deposit money in the banks of Wuhun City, but then withdraw it all from the banks of Tiandou City, the banks of Tiandou City certainly won't be able to come up with that much money in a short period of time. Wouldn't that break their promise?"

"Moreover, if these people put the money in the bank and then go to another place to withdraw it in a short period of time, wouldn't my Spirit Hall bear the risk and cost of transferring the money for nothing?" Qian Renxue questioned.

Wu Qi nodded slightly. "That makes sense. The existence of banks and the issuance of debt are ultimately anchored to depositors' funds. If depositors do not keep their money for the long term, it will be a significant blow to us."

"Therefore, in order to attract depositors, we naturally have to offer some benefits."

Interest is definitely not going to be paid. Commerce is not well developed in Douluo Continent, and there are nouveau riche like the Seven Treasure Glazed Tile School who only hoard their wealth and don't spend it.

Interest rates are based on a large demand for loans. Given the current situation in Douluo Continent, the demand for loans is not large. If high interest rates are charged, it will eventually drag down the entire bank.

It's important to understand that once a bank is established, it will inevitably be tied to the Spirit Hall's reputation. If a major problem arises, the impact on the Spirit Hall will be enormous.

However, giving small favors is fine.

When banks are established, some people will inevitably use loans to expand their businesses. In order to obtain loan amounts, these businessmen will certainly promise benefits to the banks, and these benefits can then be distributed to depositors.

For example, if a clothing store owner applies for a loan and wants to expand rapidly, issuing discount coupons and vouchers for the clothing store would be a good strategy.

In the past, when they distributed these benefits, they had to find people to hand them out on the street, and passersby who didn't need them wouldn't appreciate it.

If the funds are issued by the bank, it not only saves costs but also provides depositors with some benefits, making it a win-win situation.

Besides, there are more than just clothing stores in the city; there should also be grain and oil shops, carriage shops, and so on. If we issue multiple vouchers at once, there will always be people who need them.

Qian Daoliu chuckled, “Being generous with other people’s money and profiting from the Spirit Hall’s interests, and others will even be begging us to collect these vouchers. Issuing multiple types of vouchers at the same time will always have demand for them, which is quite attractive to attract depositors. It’s a good idea.”

Customers with fixed-term deposits receive larger amounts and more vouchers, and as long as their savings remain, they can receive additional vouchers every year. Depositors can even participate in a lucky draw for more benefits. (End of Chapter)