Posts

avatar of @taskmaster4450le
25
@taskmaster4450le
·
·
0 views
·
1 min read

Banks have been so entrenched in things that it is easy to overlook how vulnerable they became. Their slowness in adoption technology has killed them.

Few remember how dominant they were before FinTech. Now they lost more than half the mortgage business, most of the car loans, and an assortment of other areas.

If they lose deposits, it will kill them.

Actually they are since many are holding crypto as opposed to putting money in the bank.

Posted Using LeoFinance Beta