That is true about the banking industry. It is cutting out the intermediary services much in the same way that online shopping cut out retailers. Of course, FinTech started this process with applications years ago. So it is really a continuing of the pattern.

The concept of crypto being "internet money" is new though. That is the area to watch. As the platforms are built, the wealth there can head into abundance. Now we are dealing with the network effect since that is what the online world is about.

It will be interesting to see this unfold.

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