Coinbase CTO Says ‘Future of Banking Has No Banks’

https://dailyhodl.com/2023/04/02/779000000000-asset-manager-touts-bitcoin-and-crypto-says-future-of-banking-has-no-banks/

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[...] Coinbase CTO Balaji Srinivasan says bank account holders of all sizes are now dealing with a novel risk after the high-profile collapse of Silicon Valley Bank.

The firm says people now realize the dangers of hyper-speed bank runs that can be magnified by social media and instant payment systems.

And even if the Federal Reserve is willing to step in and provide liquidity to troubled banks, depositors have good reason to look for other options.