avatar of @albertocaeiro
1 min read

Traditional banking has had several years to start adapting to new technologies and offering interesting and attractive services as fintech can do.

If I'm not mistaken the first big financial payment revolution was introduced by Paypal (at least in terms of mass adoption it certainly was) and now we are having the cryptocurrency revolution.

However, the bank never tries to adapt to the reality of paypal, focusing solely on continuing to do what they did thinking that this would be enough for them to continue to exist but now they must have realized that with the new generations they they are many light years away and losing their presence. These new generations are using more modern solutions like Revolut, N26, among others.

Either the bank adapts very quickly (making up for lost time) or they ended up disappearing over time (at least as we know it today).

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