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Benedikt Goetz

Benedikt Goetz

Head of Crypto at Railsbank
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Are banks preparing to board the Bitcoin bandwagon?

  The event of making use of cryptography to move value over the internet has launched a new wave of decentralized use cases and application. The dominance of financial institutions in areas such as payment, investment and lending is decreasing with new layers of the fiancial services emerging through DeFi (or as many would wall, the internet of Money) on the rise. It must not be however the global banking apocalypse as some may predict. Instead, the incumbents can be part of the newly offered technologies by focusing on what the customer needs and not what they can be sold to. Banks have a chance to have a seat at the table if they choose to co-operate instead of trying to stop the inevitable.

06 Apr 2021 Reply Read article