So, the next generation of fintech companies will just be interfaces on top of our central banks' financial plumbing?
This really would crash the utility of transfer apps like Venmo to zero.
This really would crash the utility of transfer apps like Venmo to zero.
Instead of choosing a bank, most people would be looking for access to the widest network of broker ATMs.
We could solve this stuff with very centralized postal banking also, so the crypto part ultimately isn't super interesting for me unless it solves some scale problem relating to speed of settlement, costs and/or allowing untrusted middlemen.