Walmart and Walgreens are entering the mobile-first banking business in a big way. It’s a solid strategic move, as an estimated 169 million Americans regularly use mobile devices for banking.
This is just the tip of the iceberg. Add in the remarkable amount of innovation in all forms of decentralized finance (DeFi), and it is clear that we are about to see a highly-energized battle between incumbent financial institutions, non-traditional organizations (such as big retail, FMCG, etc.), and DeFi/Fintech startups for consumer wallets. This is going to be awesome!
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