Permission Denied: The Case for Open Decentralized Finance



Jamie Dimon wakes up one morning and decides fintech companies are making too much money.

Companies like Plaid are ripping off the banks.

He announces that all fintechs will need to pay banks for customers to access their own data.

Investor confidence plummets, wiping over $10 billion from the market caps of PayPal, Block, and Affirm.

Customers willingly authorize these apps… Nothing is stolen.

Imagine a world where banks and fintechs are built on blockchain rails.

Blockchains serve as public utilities.

No one can arbitrarily decide who accesses what data.

This future is already unfolding.

Open and permissionless finance will ultimately win.

Which side will you be on?
OWN-0.97%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)