RE: Capital Mobility Keeps The System Efficient
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Couldn't have said it better. Having worked in a bank, i've seen those inefficiencies and wastage first hand. Banks are scared that tech is about to displace them.
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Oh wow really? So they are aware that things are changing and they aren't doing much to keep up? Do you think they will try to offer competing service or try to buy these crypto shadow banks once they are starting to take bigger market share?
DBS, our biggest bank here is looking at crypto to automate trade finance but the other banks have been pretty quiet. They're also doing their own crypto exchange but I don't see how they wi be better than any of the existing players.