The fintechs blurred the lines of capability and control.

Control on the equipment, operating system and the conversation network gave companies like apple, google and paypal a complete great deal of power. They began providing digital purses to facilitate online obligations that would bypass the traditional loan provider and credit credit card firms’ network.

They were slowly compelled into extinction over a period of five to six years and they do not really even feel a tremor. Designed for the internet from the floor up, these players were taking market share away from the traditional economic institutions slowly.

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