Which horse does the race?
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The internationally coveted speaker, David Glades, who is known as a blockchain visionary, supports as a mentor with his expertise and foresight in the field of crypto and blockchain technologies everyone who would like to use this topic for themselves to build wealth. In addition, he is also available as a consultant to companies that want to implement this technology in business.
” data-image-copyright=” “> The internationally coveted speaker, David Glades, who is known as a blockchain visionary, supports as a mentor with his expertise and foresight in the field of crypto and blockchain technologies everyone who would like to use this topic for themselves to build wealth. In addition, he is also available as a consultant to companies that want to implement this technology in business.
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In the end, the customer has to decide which direction to take. The better the new technology is adopted, the sooner and sooner the traditional banking system will fail. That is why FinTech startups are making it easier to use the blockchain.
However, headwinds for the traditional banking system come from within, namely from the ECB. Not only because of the e-euro, the structure of which is still completely open, but above all because there is currently more money in the system than ever before. This “extra” money was pumped into the system to fight the economic crisis. No one can yet estimate what effects this will have on monetary value. In any case, the risks of escalating inflation are increasing every day. Of course, when inflation rises, cryptocurrencies are a welcome alternative.
In view of the rapid developments in the financial sector, banks have to rethink their business model and align it with the digital economy. Interest rates will remain at a low level in the future as well, as the indebted states and companies would otherwise be crushed by the interest burden. The ECB, but also all other central banks, will be careful not to turn the interest rate screw, most likely in the direction of negative interest rates, which would be a terrible sign for savers. The blockchain provides valuable opportunities, especially in the financial sector, to make our payment system more efficient, more democratic and more cost-effective.
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