1990's Analyst discussing the potential of Decentralized Banking brought by the Internet

in #cryto7 years ago

Saw this in a report from the late 90's analyzing Amazon's potential value, and thought this was quote was super interesting. It was referring to the potential impacts the internet/web will create:

"On-line consolidation- If the Internet adds scale, it might eventually drive consolidation. Consider banking. Once we can conduct our transactions on-line, who needs a regional bank? Geography becomes irrelevant."

Even in the early stages of the public use of the Internet people were realizing the potential value of decentralization in the banking industry. Digital currency is inevitable.

Sort:  

Congratulations @zxenoteam! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote
You made your First Comment

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @zxenoteam! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.15
TRX 0.17
JST 0.028
BTC 68754.67
ETH 2469.20
USDT 1.00
SBD 2.37