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Banks have moats. It's really hard to get past these moats. They are so central to the way that the financial system works, that it's really hard to "disrupt" t
by rafiki6 6y ago
Banks have moats. It's really hard to get past these moats. They are so central to the way that the financial system works, that it's really hard to "disrupt" them. Even the tech giants likely wouldn't succeed.
- erikerikson 6y agoYes, the regulatory overhead is quite high. There are plenty of adjacent firms who could start making moves. Banks are central but the disruptor only needs to provide increasing partial replacement at sufficient profit to continue offering services at sufficient parity.