Bitcoin And Banks. Fintech

 

Bitcoin is expected to dis intermediate banking.

Many financial technology companies or fintechs seem to be using payments' lighter regulator licensing regime to win market share from banks, which pay millions of USDs in licensing fees.

This fintech strategy, of course, tends to create uproar among large and medium sized banks' ranks.

Bitcoin. in order to be a viable payments' transfer means has to exhibit lower volatility, which will come when there is more institutional capital flowing in Bitcoin, which will happen when Bitcoin's volatility is lower.

A classic chicken and egg example.

In any case, governments and central banks should stay away from cryptocurrencies. As a minimum, the law should be obeyed, I think.