Many investors are aware of disruptive FinTech companies such as Apple Pay, Amazon Pay, Betterment, PayPal, Robinhood, Square and Stripe to name a few. These companies are disrupting the legacy FinTech landscape as well as traditional Banks in the pursuit of customers, deposits and payment volume. There is a new disruptive FinTech organization in town that carries more influence than all of the aforementioned FinTech companies combined. That disruptive force is Central Banks and their respective Central Bank Digital Currencies (“CBDC”). CBDCs put Central Banks in direct competition with Banks.
To learn more about Banking and FinTech consolidation, as well as the Federal Reserve’s forthcoming “Digital Dollar”, click HERE for our PDF report.