6/9/2023 0 Comments Open a dwf![]() ![]() The firm notes that crypto’s price volatility is the largest obstacle toward its adoption as a viable long-term alternative to traditional banking. Instant liquidation of positions without any lag, do-it-yourself (DIY) risk vaults on the blockchain, deposit stablecoins for revenue-based yields from financial protocols, in our view will become the new-age DIY bank accounts way more customized, intelligent and real time, leading to more freedom and financial independence for the young users of tomorrow. ![]() “We argue that smart contract based decentralized finance systems would suddenly appear as built for this world. “The inconvenience of dealing with a bank failure and obtaining your funds with a lag just does not work for depositors, particularly business depositors.”ĪllianceBernstein says Bitcoin and crypto could serve as alternatives to the traditional banking system, especially amid further banking crises and money printing from the Fed. The firm says people now realize the dangers of hyper-speed bank runs that can be magnified by social media and instant payment systems.Īnd even if the Federal Reserve is willing to step in and provide liquidity to troubled banks, the report says depositors have good reason to look for other options. ![]()
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