Before 2008: separation of financial services from retailers.
Now: retailers embrace financial services again.
Why?
Technology.
APIs.
Smartphones.
New services vendors.
Financial services
Become more accessible
For both providers and end-users.
In this Wired article,
The author points out that
Now every business could become a bank.
I would go one step further.
Given more technology development,
Everyone could become a bank.
After all,
Everyone already could be
An actor,
A producer,
A publisher.
When the opportunity is right,
Do you want to be a bank?
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