FinTech Quotes

Elon Musk with PayPal revolutionized banking.

I believe Twitter, right now, is just finishing the venture capital phase, getting into a maturity level.

Earlier, physical currency used to dominate. Now, mobile currency or digital currency is dominating. For digital currency, fintech is very crucial.

The changing nature of money is only one facet of the financial services revolution.

Our approach to banking is very different from the traditional banks or even some of the new banks. We do not necessarily go out and write single-cheque, large-ticket loans.

I think that, in addition of the intersection of media and technology, there has also been an intersection between technology and finance, which is something I find a little closer to home, seeing as I spend so much time covering Wall Street banks.

Digital currency attempts to disrupt the financial industry, and it's potentially threatening to the existing financial services industry, but it doesn't have to be that way.

Traditional consumer banking will come under extreme pressure as its central deposit-taking and lending functions are challenged by online savings vehicles, crowdfunding, and loan syndicating by such nontraditional competitors as insurance companies, pension and hedge funds.

I keep wondering at night, 'Will I have a bank the next morning, or will some technology company be doing banking without needing a bank?'

Software is eating the financial services industry. We have a large addressable market for PayPal to play in.

Beyond the traditional areas of cooperation, we have entered the digital age with its own opportunities. The area of fintech needs to be explored.

By lowering the barrier to create new digital currency applications, we'll see an explosion in the number of ideas tried. We'll invest in, partner with, or build a number of new applications in this space, including replacements for many of the services people use in finance 1.0.

I am excited to join the Bancor advisory board and provide guidance and insight to such an innovative team and protocol.