avatar of @vlemon
1 min read

I was waiting to see Banks 🏦 and I found it in the 9th point. I understand banks will survive but only or almost fully digital ones.

The one with branches are closing them like crazy and it costs them so much money to do so, it is truly scary.

New actors have a competitive advantage (which is rare when you try to take over an industry). They are usually digital native, have very low fixed costs (compare to old banks) and understand the needs of millennials and upcoming generations.

Therefore the Revolut, N26, Coinbase, Binance and even Robinhood have a bright future ahead of them.

Posted Using LeoFinance Beta