Sorta crypto (and other Fintechs) related in a way, came across this from Friday:- (BLOOMBERG) JPMorgan told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to customer bank account information. It’s a tectonic move by the Wall Street giant that promises to upend the industry’s business model. Data aggregators, those middlemen that connect banks (like Chase) to fintechs (like PayPal) just received a pricing menu. The fees vary depending on how companies use the information, with higher levies tied to payments-focused companies. In some cases, the proposed fees could eclipse the revenue certain companies generate on a single transaction by as much as 1,000%. Such charges would drastically reshape the business for fintech firms, which rely on access to customer bank accounts. Payment platforms like PayPal’s Venmo, cryptocurrency wallets such as Coinbase Global and retail-trading brokerages like Robinhood Markets all use this data so customers can send, receive and trade money. Typically, they have been able to get it for free. But soon, that likely won’t be the case—which probably means you’ll have to pay. —David E. Rovella
Billionaires are buying bitcoin now Banks are giving VIP treatment to clients that have bitcoin Real Estate investors are beginning to switch to bitcoin = no property taxes, no insurance costs, no renovation costs, no maintenance costs HNW and UHNW are running out of assets to accumulate (they already have everything) except the most scarce asset in the world = bitcoin see video below
You can be a complete fool and be a rich, successful real estate investor. But as they say; a fool and his money are soon parted. Maybe cryptocurrencies do have a use case after all. To rip-off the undeserving wealth from all the idiots worldwide.