“I think that the financial institutions should understand it because it has the potential to eventually sort of take over and subside the business elements of existing business models. And that's one reason why a bank should do it.”
Interesting article about how IBM is working with banks to capitalize on the DeFi movement. If DeFi continues like it is the banks need to take this seriously, as money could move out of them at lightening speed. It's still early days but the writing might be on the wall for the banks, and I'd love to see it, the banks give no interest rate while giving customers terrible service. It's like going to the post office, lol. Le the competition begin......
Read the full story here.....
https://cointelegraph.com/news/ibm-executive-reveals-plans-to-help-banks-capitalize-on-defi
