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RE: Three Reasons For The Banking Industry Collapse

in #banking3 years ago

I doubt many will cry over banking industry collapse. We already see cryptos eating banks lunch like in El Salvador for example and it's just getting started. Hence the continous defensive attitude of the banks. CBDCs are a whole different breed, one that I'm not excited about, nonetheless disruptive for banks. Although the decoupling of financial services and money implicitly is not entirely unfolding in a decentralized manner it takes away a lot of centralization power from the banks. Somehow, individuals and they're wallets become the banks.

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