yeah unfortunately its likely that tokenized fiat (usd-c) and the likes will come in to trouble with various developing nations capital controls … although i think there would be huge demand.
it will likely hit a point where they cant stop it …bit like the internet …but no idea when how this works out
My analysis is that fintechs will try to find another way: this other way is called cryptocurrencies. Why? Governments and legislators are slowing down their possibilities to evolve and improve their services. It looks to me like a good logical next step.
good link … yeah the use of banking partners and stablecoins most def cirumnavigates the requirements to become a “bank”… i mean they provide all the same and more services than a Bank they just dont get to offer loans as their own product … but can use 3rd parties servies built in to the app .
yeah ur not gonna be able to pull this off with the same cost efficiencies using the analogue fiat system for sure !
The internet has digitized shopping malls, letters, documents etc. Whole business models had to adapt or were simply replaced (taxi, hotel) … the money is already digitized. It is only in the nineties. the question is not if but when