Traditional Banking is Obsolete

 #fintech #banking #banks #Paypal #Mastercard #Visa #Amazon #Apple #apps #smartphone #money 

Traditional Banking is Obsolete

I have not been to my bank for any transaction since 2020. I have been using only my smart phone and fintech app.
No need for bank tellers and no need for banking halls.
The big buildings and skyscrapers of big banks are soon going to become abandoned buildings before 2030. Banks don't need big buildings and staffs can be reduced by 70%, because fintech apps are what banks need now and not overstaffed branches. Decentralized fintech apps will end centralized banking and financial operations. Even #Paypal and other online payment platforms using credit cards will become obsolete if they don't change.

We will say bye, bye to #Mastercard, #Visa, #AmericanExpress and others. All the decentralized fintech apps will be on our mobile phones, tablets and laptops.
REINVENT or become EXTINCT.

 
- Ekenyerengozi Michael Chima,
https://angel.co/u/michael-chima-ekenyerengozi