Designing digital differentiation

Blockchain technology is going to rewire all financial services.” [1]

“The blockchain is the financial challenge of our time. It is going to change the way that our financial world operates.”[2]

Innovative, differentiated financial institutions need to be designing strategies that prepare for disruptions to traditional financial services like SWIFT/ACH/NACHA and electronic dollar exclusive paradigms, while paying special attention to the rapid and stealthily advancing crypto and DeFi current events.

Since March 2020 the market has seen a 15x increase in capital invested in Stablecoins, and in the last few months alone there has been an influx of significant announcements released including big names like BlackRock partnering with Coinbase and Wallstreet titans starting their own cryptocurrency exchange. But what does this mean for our community banks and credit unions? Further consolidation and centralization of capital away from your local financial institution.

 

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