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𝗬𝗼𝘂𝗿 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝘄𝗶𝗹𝗹 𝗺𝗼𝘃𝗲 𝗼𝗻𝗰𝗵𝗮𝗶𝗻. 𝐈𝘁 𝘄𝗶𝗹𝗹 𝗳𝗶𝗻𝗮𝗹𝗹𝘆 𝗯𝗲 𝘆𝗼𝘂𝗿𝘀! It wasn't the banks that built the best mobile apps for banking. No, it was mobile-first fintechs like Revolut and Nubank (banking) and Robinhood and TradeRepublic (trading). Yes, banking services improved. Yes, they all have mobile apps now. But the winners are the once-new players, now established fintech leaders. I expect the same for crypto-banking and crypto-payment. I don't believe today's major crypto players (Coinbase, Kraken, Binance) will win the race. While they offer a "true crypto experience" with their embedded self-custody wallets, new innovators starting directly with web3 will be the winners of the new wave of innovation in banking. These new services don't integrate a web3 wallet as CeFi (centralized finance) players but start with the web3 wallet at the center, integrating insti-rails (Stablecoin providers like Monerium for money, Visa/Mastercard for payment, ACH/SEPA as banking rails, Fractal ID or others for banking, AFC-compliance services etc). And the exciting part is: for the first time, the account (almost always a Safe Smart Account) belongs to the user. It's no longer the case that if the user switches banks, they lose their account. In the future, the account moves with the user from service to service. At SafeCon on Thursday (23 May), I will discuss this new crypto-banking with Maike Hornung from Visa, Artiona Bogo from Figment, Marcos Nunes from Gnosis Pay and Joao Zecchin from brx finance. SafeCon is Safe's own conference during Berlin Blockchain Week. For more info on SafeCon, see in thread below.
