Warning About Community Banks in the United States
On May 15, Cody Carbone, the new CEO of the Digital Chamber organization, emphasized the significant decline of community banks in the United States, from about 10,000 in the 1990s to only 4,046. According to him, the delay in adopting new technologies such as real-time payment systems, cryptocurrency asset custody, and stablecoin channels has caused these banks to miss opportunities and become targets for acquisition.
The Digital Chamber Association, a leading blockchain organization in the United States, is advocating for legislation on Stablecoin and market structure to build a clear legal framework. Carbone noted that quickly adopting blockchain technology could help banks avoid the risk of being acquired and regain their position in financial innovation.
Analysis shows that although large banks are upgrading digital services, smaller and medium-sized organizations lacking effective digital strategies are facing existential crises. This is particularly important in the context of increasingly fierce digital competition.
This content is for market information only and does not constitute investment advice.
Source: https://tintucbitcoin.com/ngan-hang-hoa-ky-khung-hoang-tien-dien-tu-la-loi-thoat/
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