Bleak Outlook For Banks As They Begin Feeling the Effects as FinTech and DeFi Gain Momentum
Sources close to some of Australia’s largest banks have noticed significant inroads companies like Afterpay are invading their traditional markets. Credit cards with 25% per annum interest were once the mainstay of our biggest banks, profiting from a buy now pay later user experience. Many of us at some point have received those unsolicited offers…