Topic: Trust is still at the core of banking (Read 48 times)
People need banks for loans that's the only reason why banks are still surviving and there is no other choice for people to take loans than approaching the banks. Trusts are already broken but people are ignorant about the value of money and inflation rate increases.
The first ‘bankers’ were priests — people everyone felt they could trust.
Fast forward to today, merchant banks that have been around a long time retain enormous influence and political clout on account of having survived that long, despite any disasters along the way.
People living in countries experiencing economic unrest are starting to lose trust in financial institutions. This is creating a demand for new types of services and allowing upstarts to gain a foothold. Needless to say, the industry is set to change a lot more in the coming years. The old need for trustworthy deposits and fair credit hasn’t changed, it’s just time to meet them in a better way.
We believe that way is through secure, verifiable transactions made on a completely transparent record, like the Bitcoin and Ethereum blockchains. We work towards this every day by staying open to questions and debate.
What do you see as the next step in the evolution of banking? How will the next generation of banks provide more value and greater efficiency?
Fast forward to today, merchant banks that have been around a long time retain enormous influence and political clout on account of having survived that long, despite any disasters along the way.
People living in countries experiencing economic unrest are starting to lose trust in financial institutions. This is creating a demand for new types of services and allowing upstarts to gain a foothold. Needless to say, the industry is set to change a lot more in the coming years. The old need for trustworthy deposits and fair credit hasn’t changed, it’s just time to meet them in a better way.
We believe that way is through secure, verifiable transactions made on a completely transparent record, like the Bitcoin and Ethereum blockchains. We work towards this every day by staying open to questions and debate.
What do you see as the next step in the evolution of banking? How will the next generation of banks provide more value and greater efficiency?
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