When speaking of financial tech...
Our banking industry is old, archaic, slow, obscuring and downright evil.
I mean, with ebay and paypal, we should have already had smart contracts. When the item is delivered (UPS says so) then release the funds that are being held in escrow.
Soon, we will have that with cryptos.
Financial technology will take off. Providing pinpoint accuracy of where everything is within any crypto-contract-transfer.
Ever try to find out where your money is during a wire transfer? I swear, there is like 9 people in the world that know that answer.
So, imho, banks are dead. Not because bitcoin will kill them, but because they are so old and slow, that they will be left so far behind (technologically speaking) that using a bank will be next to useless.
You are so right! When I was first introduced to Bitcoin technology in 2015 I got so exciting thinking about the possibilities this technology can bring to the world.
My financial lizard brain took over and it has never stopped, contracts and ease of use will come, the big corporations are nervous in how much they will loose with their tight grip on peoples throats.
This cannot come soon enough, I really hope the big talk of helping the "un-banked" will come into fruition to make life easier for them to enter the world of finance.