Why are Americans’ interest in crypto growing? Hint: It’s banks.
00:00 Julie
Despite a retreating today, the shares related to crypto currencies and crypto had a bull run, notching record levels and received more corporate son last year. And according to a new study from the Defı Education Foundation, Americans are interested in discovering an increasing share of crypt, and 22% says they want to learn more about Blockchain and crypto. Here, with more information about the view of Crypto, Kristen Smith, President of the Institute of the Institute. Kristen, it’s nice to see you.
00:37 Kristen Smith
Good morning Julie. It’s nice to see you too.
00:41 Julie
So, what kind of changing views did you see in this survey?
00:52 Kristen Smith
Yes, I think the big package for me from this work is increasingly disappointed and worried about the Americans about the Financial Services Industry. There are less than half of Americans who believe that the financial system meets the needs. This is quite low in my mind. But shockingly, less than 10 Americans rely on the bank. So these are quite low for banks, and I think one of the things that crypto and defi should offer is an alternative or potential development in the current system. And so, I really excited me to see the opportunity to change completely with traditional finance or perhaps a uh approach to make it a more reliable system for the crypto industry UH.
02:00 Julie
I wonder about Kristen, when people say they’re not satisfied with their banks, aren’t they happy for what? And does the crypto solve things they are not happy?
02:14 Kristen Smith
Yes, most of the things we see are misunderstood fees, perhaps announced, but there are many explanations they don’t know what they are doing. And if you look at the defi, the cost is much lower. And then they feel angry about accessing certain products. And you know, with the defi, this is different and again, this is not a world for everyone, but what is really exciting is whether it is on the market side or not with stable money for payment or whether it is on the market side, raising the infrastructure we use for trade markets. There is a real opportunity here, and what we do with the end of the policy institute is focusing on most of the ongoing policy activities in Washington, and as the congress laws pass and fulfill new regulations, we really provide a basis for the integration of this technology into these systems, so that we provide better services to better services.
03:07 Julie
And I think at this point, certainly some major financial institutions look at the Defection and look at Blockchain and integrate it in some cases. So, how will the landscape look like in terms of the services offered and who offers them?
03:31 Kristen Smith
Yeah, I think we’il see a lot of innovation on the board. I think it’s a really interesting idea and this is actually the president of the SEC, something focused on President Atkins, your crypto portfolio, your securities portfolio, your wooden coins, you know, you can get all your financial assets in one place. And so if you need a short -term loan and you know, if you have some Apple stock, you can take advantage of the apple stock to get this loan at DefI. And that is why there is a lot to do with collateral in DefI, you know, today’s different types of assets that do not exist for consumers. And so, you know, these are the types of innovation we will see. However, you know, I think the key is like the American principle to want to have your own property. And you know, today, while dealing with banks, you really deliver your assets, UH and then enters the Kesirli reserve banking system. This provides an alternative for the percentage of the population who wants to have more control and has directly interact with the other parties, whether in payment or or borrowed or borrowed areas.
