Episode 3: Banks going to Zero?

from The Point of More Returns Podcast · host Point of More Returns LLC

Episode 3: Banks going to Zero? Welcome to Point of More Returns. In episode 3, we discuss the future state of banking. Are bank stocks going to zero? Are we moving to a cashless society? Will the defi trend continue? Are the other currency types here to stay? Initial thoughts on the current state of the US Banking industry – 1:15 Specific pressures that the banks are facing – 2:35 3 categories of banking: Payments, Investing, Lending – 3:30 Recent experience getting a bank loan for a transaction – 5:22 Future state of banking in the next 5 to 10 years – 7:35 Lending is being revolutionized (web3, smart contracts) – 7:57 Banks going to zero? – 10:29 What does “going to zero” mean? – 11:16 Argument banks are not going to zero – 14:27 Smart contracts – 19:10 Alternative products – 25:54 Timing argument of banks going to zero – 27:19 Pace of banking’s decline – 28:27