RE: Crypto Financial Innovation Just Getting Started
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It is true that FinTech did push banking forward. You see this in ways such as you mentioned.
However, FinTech did a number on the banking industry. In the US, more than half the mortgages originate outside the banking system. FinTech allowed for the establishment of what they call the "shadow banking" system.
It is only growing too.
Crypto will likely add a third element to the equation, one that could even be more disruptive than all of FinTech.
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Interesting and suggestive name.
However, with my FinTech card called Revolut I can buy shares directly from American companies, I can buy crypto (but I can't send it to another wallet) and I can buy gold. Many facilities over my card from the traditional bank. So FinTech keeps its lead but I don't know how secure the funds are and how I can recover in case of fraud. In this area, the bank card seems safer.
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