> A “universal” api for moving money between financial institutions that don’t have existing relationships
KYC is a feature, not a bug, so there has to be at least some sort of relationship even if it's via mutual registration with a third party.
Also, modernization of banking systems, including inter-bank transfer, has been slowing happening in the background for the last decade. AFAIK no one is using pow, pos, or blockchains (except, maybe, just in the sense that traditional databases have many of the same desirable attributes as a blockchain).
> could unlock innovation in everything from payments to mortgages.
Innovation in mortgages didn't work out so well last time, and honestly the actual origination of a mortgage is one of the least painful and inefficient parts of real estate.
When bitcoin launched we really did need innovation in payments. Apple Pay and Google Pay solved a lot of the problem, and the recent rise of "bank/lender as an api" startups popping up now solve a significant part of the rest of the problem.
KYC is a feature, not a bug, so there has to be at least some sort of relationship even if it's via mutual registration with a third party.
Also, modernization of banking systems, including inter-bank transfer, has been slowing happening in the background for the last decade. AFAIK no one is using pow, pos, or blockchains (except, maybe, just in the sense that traditional databases have many of the same desirable attributes as a blockchain).
> could unlock innovation in everything from payments to mortgages.
Innovation in mortgages didn't work out so well last time, and honestly the actual origination of a mortgage is one of the least painful and inefficient parts of real estate.
When bitcoin launched we really did need innovation in payments. Apple Pay and Google Pay solved a lot of the problem, and the recent rise of "bank/lender as an api" startups popping up now solve a significant part of the rest of the problem.