Today, the financial industry is showing a significant transformation as challenger banks and crypto institutions challenge the traditional banking system. The pace of digital banking and crypto adoption is shaping the future of finance in the form of a middle ground─ a crypto-friendly banking platform.
This is because challenge banks and crypto institutions, though with the same motive, are different from each other, and crypto banking seems to be a blend of both. Incorporation of a user-friendly interface and modern features of a challenger bank with blockchain’s transactional infrastructure a crypto-friendly banking platform holds the potential to transform the way consumers manage their finances.
A crypto bank is highly beneficial to not only consumers who are banked but dissatisfied with the traditional banking system but also those who don’t have any access to the traditional system as a whole, called the ‘unbanked’. That is why, Crypto banking is considered the future of banking for the coming years.
This is because challenge banks and crypto institutions, though with the same motive, are different from each other, and crypto banking seems to be a blend of both. Incorporation of a user-friendly interface and modern features of a challenger bank with blockchain’s transactional infrastructure a crypto-friendly banking platform holds the potential to transform the way consumers manage their finances.
A crypto bank is highly beneficial to not only consumers who are banked but dissatisfied with the traditional banking system but also those who don’t have any access to the traditional system as a whole, called the ‘unbanked’. That is why, Crypto banking is considered the future of banking for the coming years.
