pull down to refresh
17 sats \ 1 reply \ @xz 4h \ parent \ on: How and why would bitcoin treasury companies become neobanks? bitcoin
dolphin3 tells me they 'typically offer mobile-first banking services to individuals and small businesses with features like account management, bill payments, money transfers, and investments.'
Every financial app I see now tends to offer a 'free' credit card, and then all the things you'd associate with credit cards. I feel it's pretty hard to distinguish any 'kind' of neobank. They all seem to be really interested in you either sharing data between other banks, switching to/from other banks and 'knowing more about me' as I seem to remember one cab-hailing app say.
Will they all just end up being everything apps that want your attention and data?
Will they all just end up being everything apps that want your attention and data?
As long as that's the obvious path to monetization, you can count on it. That said, at this stage it feels like its shuffling the deck chairs on the Titantic... at some point the cost of data and attention has to be value. This can't go on forever.
That is what gives Strategy a leg up in the future imo, they have a fixed percentage of the new financial system... so they won't need a gimmick Credit Card that has lesser rewards than Discover has had for ~20 years to attract high-churn (l)users.
reply