According to our Ark Invest, Ethereum could displace many traditional financial services, and its native token, ether, could compete as global money.

As financial services move on-chain, decentralized networks are likely to take share from existing financial intermediaries. The beneficiaries of this shift include Ethereum, the base protocol, and DeFi, the decentralized applications built on top of Ethereum.

As the preferred collateral in DeFi and the unit of account in NFT marketplaces, ether (ETH) has the potential to capture a portion of the $123 trillion in global M2


#Ethereum #DeFi #Finance #Ether

Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control. Banks Tried to Kill Crypto and Failed. Now They’re Embracing It (Slowly).

#Bitcoin #Banks #Finance #Crypto