The Future of the Banking Industry

Too Long; Didn't Read

The banking industry is clearly under attack from new technologies, digital banks, and central banks. Central banks are working on so-called CDBCs or Central Bank Digital Currencies. The major losers of this CBDC story could be the banking system. People will adapt as they always have, but will the banks be able to do the same? The only question is who will benefit from it besides central banks themselves and Big Brother, writes Alex Treisman. Treisman: It is hard to believe that soon banks will lose their hegemony, but process is going on.