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0 pointsseydor2mo ago0 comments

most people will use it through bank accounts , so not much difference

0 comments

Traditional banks have already been severely disrupted by financial start-ups that only charge low fees. People will switch if they feel the cost pressure.

nly2mo ago

I don't know about the mainland but in the UK most fintech startups ultimately try to get a bank license and become fully fledged banks.

samus2mo ago

That's just the legal red tape to further encroach on the turf of traditional banks. They are still significantly cheaper.

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0 comments

samus2mo ago

Traditional banks have already been severely disrupted by financial start-ups that only charge low fees. People will switch if they feel the cost pressure.

nly2mo ago

I don't know about the mainland but in the UK most fintech startups ultimately try to get a bank license and become fully fledged banks.

samus2mo ago

That's just the legal red tape to further encroach on the turf of traditional banks. They are still significantly cheaper.

j / k navigate · click thread line to collapse