Banks and other determined financial players have not taken a fondness to Fintech and digital banking only yet, as they see both industries as vital competitors to their offerings. While it is positively loyal Bitcoin and Fintech can move poignant improvements to a table, they should be seen as interrelated allies who will move success to a banking industry. Or that is what a Monetary Authority of Singapore seems to be thinking, during least.
Embracing Bitcoin and Fintech as a Bank is Necessary
There is no denying a banking zone has seen really small to no genuine innovation for utterly some time now, opening a doorway for other players to step in and offer something wholly different. In fact, a lot of financial experts see Fintech and Bitcoin as dual vital threats to a banking system, that would explain a outspoken antithesis to any resolution that is not tranquil by a bank or government.
But a Monetary Authority of Singapore sees things different, as they feel both Fintech and Bitcoin are able of complementing a stream financial infrastructure, rather than be competing with