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Better, faster, cheaper: How DeFi will kill the retail bank

Published 06/25/2021, 05:42 AM
Updated 06/26/2021, 07:40 AM
Better, faster, cheaper: How DeFi will kill the retail bank

The world runs on consumer spending and consumer saving. It is everyday people who actually power the most important parts of the global economy and the global financial system.

For consumers, this system runs through their retail bank. It is where most people save, spend and pay their taxes. This is the battleground for the coming fight: the battle for global consumer deposits.

An irresistible opportunity

With opportunities come threats

Piers Ridyard is the CEO of Radix DLT, a secure decentralized network. Piers also founded and exited Surematics, a YCombinator company, and was mining on the genesis block of Ethereum in July 2015. Piers graduated from the University of Manchester and the University of Law and has a CFA level 1.

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