Is Banking 3.0 Becoming a Reality?

Validated

If web3 had an intuitive Venmo-like app for sending and receiving crypto, could that expedite mass adoption? Aleksei Zakharov (Ottr) seems to think so. Aleksei describes how blockchain-based products such as Ottr can give users the experience of a modern bank, all without the bank. Banking 3.0, as he calls it, eliminates the possibility of bank failures, all while making USD more accessible to emerging markets and reducing friction in international transactions. According to Aleksei, solutions like these will incentivize both consumers and merchants alike to adopt banking 3.0 platforms in the near future.

DISCLAIMER

The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. Solana Foundation Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.