This blockchain-enabled innovation has the potential to change the global financial system by stripping transaction costs and stepping up the fight for next-level efficiency and speed. What’s more, the whole point of DeFi is that it bypasses the need for centralised licensed custodians of money: aka, incumbent banks. What this means is that DeFi isn’t merely yet another unwelcome disruption for incumbent banks, it’s an existential threat.
How could the banks address this existential threat?
Are there any ways for collaboration between banks and startups?
How could banks implement these technological changes?
How banks are planning to address the demand of their customers?