The banking industry is increasingly troubled by Blockchain technology. One of the most popular developments in the Blockchain community is the creation of multi crypto / fiat debit cards. This card allows users to exchange currency.
Never Stop Marketing CEO Jeremy Epstein identifies this as one of the innovations that help direct crypto into the mainstream.
According to Epstein, a crypto debit card will allow people to start using their digital currency for regular purchases. He explained that whether one particular platform succeeds or fails, this concept will win and push crypto into the mainstream.
Epstein also noted that each of these innovations encourages crypto to go further into mainstream acceptance either as a guarantee or for the exchange of value practically. In addition, new groups such as Crypto Explorers appear as a community for people dedicated to bringing crypto into the mainstream.
Bank Fintech Represents Bank of the Future
He concludes by noting that what has been shown in 2017 so far is that innovation takes place at an ever faster pace. The question for banks is that they must adjust and align themselves as quickly as possible to offset the competitive innovations that enter the market from the digital currency space.
Artur Luhaaar, Partner at Change Bank says:
"Traditional banks have long been established, have consumer experience, not enough transparency, inability to respond to today's lifestyle with great products or services, that's what's wrong with banks today."
Luhaaar notes that fintech companies have consistently delivered better results in individual financial system services. He said that Change Bank wants to bring these companies together to create a global fintech bank later on.