This is the best article I’ve seen that clearly articulates why crypto will eat finance.
Here’s two excerpts that showcase clear problems that crypto solves:
“Venmo needed five banking partners, state-by-state licenses across 49 US jurisdictions, and middleware connecting to over 12,000 financial institutions. It still only works in one country.
Forty-two percent of C-suite time at major banks goes to regulatory activity. Employee hours devoted to compliance grew 61% between 2016 and 2023. Banks are not financial services companies that happen to do compliance. They are compliance companies that happen to do financial services.”
https://x.com/nlevine19/status/2025570219821818004?s=46&t=LNZpH03544B952EdXOUs2w