March 10, 2026 • 15 mins
Everyone in crypto loves to say “banks are dead.”
But are they really?
In this episode, Dustin and Brandon break down what actually happens to banks in a Web3 world. Instead of disappearing, banks may evolve into something entirely different—operators of financial infrastructure, liquidity providers for decentralized markets, and validators of trust in programmable finance.
We talk about:
Why self-custody doesn’t replace institutional custody
How compliance could move onchain
Why banks might become the backbone of Web3 liquidity
And what Banking 3.0 could look like
If Web3 is rebuilding the financial system from the ground up, the real question isn’t whether banks survive… it’s what role they play in the new system.
Weekly ROAR Podcast with Dustin Hedrick & Brandon Billings
Sponsored by https://www.r0ar.io/
Listen
Watch
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
SPEAKER_00 (00:01):
Welcome back to the podcast.
Today we're tackling a topicthat a lot of people in crypto
love to argue about.
Are banks going to disappear ina web 3 world?
SPEAKER_01 (00:12):
Yeah, and spoiler alert, they're probably not.
SPEAKER_00 (00:16):
I know that's going to disappoint a few people on
Crypto Twitter X.
SPEAKER_01 (00:20):
I know, right?
We just made everybody mad atus.
But the reality is Web3 doesn'tkill banks, it forces them to
evolve.
SPEAKER_00 (00:28):
So today we're talking about what banks
actually become in a web 3 andblockchain-driven financial
system.
Let's start with the big idea.
Banking 3.0.
SPEAKER_01 (00:41):
Yes.
Historically, banks made moneyby doing three main things:
holding your money, moving itaround, deciding who gets
credit.
And let me just put in here alsotheir ability to make that last
as long as it needs to last,they get that time value of
money, and you don't, especiallywhen they're not giving you any
(01:04):
APR on your returns.
SPEAKER_00 (01:07):
Yeah, which meant that they're basically the
gatekeepers of the entirefinancial system.
SPEAKER_01 (01:13):
So blockchain changes that architecture of
trust.
Instead of trusting aninstitution to keep the ledger,
the ledger itself becomesverifiable.
SPEAKER_00 (01:23):
So what happens to the banks then?
SPEAKER_01 (01:25):
Well, they stop being gatekeepers and start
becoming infrastructureoperators.
SPEAKER_00 (01:31):
That's quite a big shift.
SPEAKER_01 (01:34):
Yeah, it's it's huge.
So in banking 3.0, banks lookmore like financial utilities.
They run nodes, settlementsystems, liquidity pools, things
that keep the networkfunctioning.
In a truly, you know, profitableworld for banking.
They honest to goodness shouldmove into a full ledgerized
(01:55):
system like this.
SPEAKER_00 (01:57):
I guess this is the part where a lot of crypto
people say, well, everyone willjust self-custody.
unknown (02:04):
Yes.
SPEAKER_01 (02:06):
Self-custody is it's actually one of the biggest
innovations in crypto, Ibelieve.
Um the reality is, is mostinstitutions and honestly a lot
of individuals don't want thefull responsibility of managing
private keys, and that becomesproblematic.
SPEAKER_00 (02:24):
Because losing a password is annoying, but losing
a private key is catastrophic.
And you yourself have a storyabout that.
We won't talk about it.
SPEAKER_01 (02:34):
We don't talk about that.
The wife doesn't let me.
But banks can offerinstitutional grade custody with
multi-signature wallets,insurance, recovery systems,
compliance layers.
The reason why I lost custody tomine is I burned a passphrase by
accident in a Franklin Covey.
(02:55):
And this ends that.
Now, does it give the banks thefull control of your wallet?
No, it's sheer control, andthat's why we even built
RoarSafe like we did to make itbest of class in that multi-sig
space for what we had to do.
We use it operationally, webelieve in it.
SPEAKER_00 (03:13):
That's right.
RoarSafe's one of my favorites.
It's awesome.
Um my favorite.
Custody becomes optional insteadof mandatory, then.
SPEAKER_01 (03:22):
That's right.
It's a service you choose, notsomething forced on you.
In the past, the gatekeepershave forced it on you, and with
that layer and level of control,they've been able to hold the
board.
They own the board.
There's no game we're playing.
They own every move, every on,every off, every decision.
(03:42):
So you're playing Monopoly, butyou're not getting to move your
own piece, and you're notgetting to build, and you're not
getting to buy.
They're doing it all with yourmoney, and they're building
bigger buildings while youget.00001 cents for every
thousand dollars you leave inthe bank every month.
SPEAKER_00 (04:03):
Yeah, it's sad actually.
Um, well, let's talk aboutregulation because that's always
the elephant in the room.
SPEAKER_01 (04:13):
It's it's where banks are actually gonna become
more important, not less.
I mean, we're gonna seeregulation come through
governments, and we're startingto see things get clear.
But now it's gonna becomenecessary.
SPEAKER_00 (04:31):
Do you want to talk a little bit more about that?
SPEAKER_01 (04:33):
Yeah, um, well, in traditional finance, compliance
is enforced manually.
It's paperwork, audits, andreport reporting.
In web three, compliance can beencoded directly into smart
contracts.
There's no opacity.
SPEAKER_00 (04:51):
So the rules become part of the software.
SPEAKER_01 (04:54):
100%.
Banks could become things likecompliance oracles, identity
verifiers, and risk attestationproviders instead of what they
are right now.
And that's hated.
SPEAKER_00 (05:10):
Meaning they help verify who is allowed to
interact with certain systems.
SPEAKER_01 (05:16):
Yes, yes.
And that enforcement happenscryptographically and
transparently, while at the sametime, as we're proving through
what we're building inobfuscation layers and
technology, ZK sync kind ofthinking, that ability to create
public privacy and privateprivacy that's not public that's
(05:37):
automated and built into smartcontracting.
SPEAKER_00 (05:41):
That's interesting.
So another thing that banksbring to the table is something
crypto always needs, and that'sliquidity.
SPEAKER_01 (05:49):
Oh, yeah, lots of it because remember choke point 2.0
or whatever it was?
Holy wow, you guys, when thebank said no, we won't let you
buy Ethereum or we'll only letyou move X number of dollars,
and then we're we're workingwith like$50 is nothing inside a
crypto world, whenever$50 couldbe your gas in Ethereum, just to
(06:10):
run a smart contract.
And you've got these folkssaying we won't give you more
than$50.
They're the gatekeepers, they'rethe choke point holders.
And now, with specifically whatwe're seeing with the Fed's
move, the Fed's new move toallow the gateway function to
work with crypto and Bitcoin andwith the president's move
indicating that he's neverletting up on crypto because
(06:32):
they took care of him duringdeplatforming, as well as let's
go ahead and jump into Congresssaying we're gonna put a bill
out there that protectsdevelopers in this space and
makes the U.S.
one of the most central placesfor crypto and web three to be
developed.
You guys, it's looking good.
SPEAKER_00 (06:50):
It's true.
Uh DeFi markets are global, butbut they're fragmented and
automated.
SPEAKER_01 (06:56):
Which means liquidity providers are
critical.
Banks have massive capitalreserves and decades of risk
management experience, and thatmatters.
We're dealing with folks who'vebeen coding in their mom's
basement, some of them, and theydon't understand risk management
at the level that theseexperienced bankers do or
investment leaders.
(07:17):
And we need to honor that whereit's due.
We actually need theirbrainstore, their brain trust
and infrastructure and smartcontracting and automated
systems.
SPEAKER_00 (07:28):
Right.
So this isn't the Wild Westanymore.
It's not about dominatingmarkets, it's about stabilizing
them.
SPEAKER_01 (07:36):
Exactly.
They're going to provideliquidity to decentralized and
hybrid markets.
They earn yield themselves whilereducing volatility and having
access to their brain trustoffers an opportunity.
Yes, we recognize that thebanking system and legacy
banking has scared the crud outof the technology that's built
in.
And so developers have controlthere.
(07:56):
But on the other end, developersdon't understand risk management
and other pieces that thebanking sector owns.
So if we can come together inthat magic middle, it's the best
for all.
SPEAKER_00 (08:06):
Yeah.
One of the biggest problems withtraditional finance, too, is the
settlement times.
SPEAKER_01 (08:12):
Right.
I mean, people don't realizethat a lot of financial
transactions take days, weeks,or almost a business month.
21 days I've had something towait, a business month to
finalize, wire transfers, andmore.
Whereas in blockchain, thingsthat used to take me seven days
(08:34):
for a transfer, five days, threeto finalize, they finalize in
seconds.
We're having in our solutions toturn them up in time because
they finalize too fast for banksto feel comfortable.
So we're having to alter thingsinside of chain dynamics so that
banks feel comfortable there.
Something that finalizes in lessthan three seconds can be scary
(08:57):
when a bank is used toliterally, they'll say standard,
three to five days or seven to14 days, or if you get a check
held, up to 21 days.
That's not a joke, that'sreality.
And so we have to build in thethings that make it trustworthy
to them for them to be able todo what they need to do in the
21 days in that three seconds tosix minutes in finalization in
(09:21):
blockchain.
We're doing that.
SPEAKER_00 (09:24):
Yeah, I I mean that time frame sounds a little bit
ridiculous in 2026, don't youthink?
SPEAKER_01 (09:30):
Well, yeah, I mean it's painful for you and me.
I mean, we we run a fullbusiness in blockchain, and our
minutes are our finalizationslike that.
And we're everything across theworld is done boom, boom, boom,
boom, boom, and done, andexpertly well, and uh with KYC
involved or whatever, KYC, KYB.
And then we go back to the bank,we're like, holy crud, transfer
(09:52):
three to five days, God help us.
Yeah, it's it's incredible.
So blockchain flips that model,settlement becomes programmable,
finality becomes cryptographicand almost immediate.
SPEAKER_00 (10:03):
Meaning you don't need three different
intermediaries reconcilingrecords.
SPEAKER_01 (10:08):
Exactly.
Banks that integrate with smartcontract settlement layers are
gonna reduce costs and increasetransparency.
The thing that they're gonnawant is their own sovereign
structure, sovereign chains, orsovereign um finality.
You know, they're gonna wantthat, and that's something we're
aware of and working on.
SPEAKER_00 (10:26):
Absolutely.
Uh, so here's the real question: what separates the winners from (10:27):
undefined
the losers?
SPEAKER_01 (10:33):
Adoption speed.
That's it.
That we are always talking aboutwhat does it take in blockchain
to bring on the next billionusers?
That's a big deal.
Well, now it's what does it takein legacy banking to remove the
barriers to entry altogether, aswell as speed of adoption?
And so you can say it's gonna beeducation, but our thinking is
(10:56):
can't just be education.
So this is educational.
It's got to be more than that.
It's gonna have to be removingthe barriers, making things one
one click accurate, making surethey're ISO compliant, making
sure that banks feel comfortablewith them, they have the right
auditing tools, making sure it'spublic where it needs to be and
private where it needs to be,making sure that it has internal
(11:16):
controls as well as externalopportunity.
And that's exactly thecomplexity we're excited about
that we've built on.
SPEAKER_00 (11:25):
Absolutely.
Uh, banks that adopt early thenhelp shape the standards.
SPEAKER_01 (11:30):
Yep.
If if you guys want to adoptearly, you're gonna influence
protocols, you're gonnainfluence the regulatory
frameworks, and you're gonnainfluence how institutional
capital enters the systemaltogether.
And then the ones that don't,you don't want to know because
honestly, they risk becomingsimple access points to
(11:52):
infrastructure they don'tcontrol.
I can see a future where you'vejust got people using kiosks,
almost like either uh, you know,going to your ATM, but not just
going to your ATM to put cashin, but going to your ATM to put
the cash in the bank toimmediately have it converted to
a crypto or translated someother way for transport across
(12:15):
any protocol.
And let me tell you something,people are leaning into the fact
that we beat everything,including Swift, Visa, or
whatever out there.
Now, Visa has the thoroughput wedon't have yet, but we're
building that too.
And it's we're close on a lot ofthings, man, actually, to being
better and best of class oneverything.
So, speed of finality, we win.
(12:36):
Thoroughput, maybe there's alot.
We got a lot to learn fromMasterCard Visa, Swift's
Mothers.
But inside of framing for thisfuture, it's already capable of
doing everything that'snecessary.
And if banks don't jump on theship sooner than later and start
getting in, getting their feetin the water and taking the next
steps.
And I feel like financialadvisors that are in the fee-on
(12:59):
world or independent are gonnatake these jumps and risks
first.
I believe they'll be first, andthey'll become their own private
banks out of it.
Then these simple banks aregonna be replaced, they'll go
away and become nothing morethan an individual that's like
an ATM putting things inblockchain.
SPEAKER_00 (13:17):
That's an amazing shift, actually.
Um the takeaway here is prettysimple.
SPEAKER_01 (13:24):
Banks aren't disappearing, they're being
redefined.
SPEAKER_00 (13:31):
And in a web 3 world, banks don't necessarily
own trust anymore.
SPEAKER_01 (13:37):
No, they're gonna operate it, they will operate as
trust.
SPEAKER_00 (13:41):
That's right.
Uh, and the institutions thatembrace transparency,
programmable finance, andon-chain infrastructure will be
the ones that survive thetransition.
SPEAKER_01 (13:50):
Yes, exactly, exactly, exactly that.
It's it.
SPEAKER_00 (13:54):
All right.
Well, that's it today,everybody.
Um, thank you for joining us,and we enjoyed the discussion of
the future of banking in Web3.
Make sure to subscribe and sharethe episode.
SPEAKER_01 (14:05):
You're gonna get more opportunities to see more
white papers coming out of us.
That is just a little bit ofinformation from a lot of
research and work we've done,and we're gonna be releasing
multiples in this specific topicover the next weeks and months.
You guys, it's here, it's time.
We'll see you next time.
Thanks for tuning in to yourweekly roar.
(14:27):
Thank you, everyone.
Welcome back to the podcast.
Today we're tackling a topicthat a lot of people in crypto
love to argue about.
Are banks going to disappear ina web 3 world?
SPEAKER_01 (00:12):
Yeah, and spoiler alert, they're probably not.
SPEAKER_00 (00:16):
I know that's going to disappoint a few people on
Crypto Twitter X.
SPEAKER_01 (00:20):
I know, right?
We just made everybody mad atus.
But the reality is Web3 doesn'tkill banks, it forces them to
evolve.
SPEAKER_00 (00:28):
So today we're talking about what banks
actually become in a web 3 andblockchain-driven financial
system.
Let's start with the big idea.
Banking 3.0.
SPEAKER_01 (00:41):
Yes.
Historically, banks made moneyby doing three main things:
holding your money, moving itaround, deciding who gets
credit.
And let me just put in here alsotheir ability to make that last
as long as it needs to last,they get that time value of
money, and you don't, especiallywhen they're not giving you any
(01:04):
APR on your returns.
SPEAKER_00 (01:07):
Yeah, which meant that they're basically the
gatekeepers of the entirefinancial system.
SPEAKER_01 (01:13):
So blockchain changes that architecture of
trust.
Instead of trusting aninstitution to keep the ledger,
the ledger itself becomesverifiable.
SPEAKER_00 (01:23):
So what happens to the banks then?
SPEAKER_01 (01:25):
Well, they stop being gatekeepers and start
becoming infrastructureoperators.
SPEAKER_00 (01:31):
That's quite a big shift.
SPEAKER_01 (01:34):
Yeah, it's it's huge.
So in banking 3.0, banks lookmore like financial utilities.
They run nodes, settlementsystems, liquidity pools, things
that keep the networkfunctioning.
In a truly, you know, profitableworld for banking.
They honest to goodness shouldmove into a full ledgerized
(01:55):
system like this.
SPEAKER_00 (01:57):
I guess this is the part where a lot of crypto
people say, well, everyone willjust self-custody.
unknown (02:04):
Yes.
SPEAKER_01 (02:06):
Self-custody is it's actually one of the biggest
innovations in crypto, Ibelieve.
Um the reality is, is mostinstitutions and honestly a lot
of individuals don't want thefull responsibility of managing
private keys, and that becomesproblematic.
SPEAKER_00 (02:24):
Because losing a password is annoying, but losing
a private key is catastrophic.
And you yourself have a storyabout that.
We won't talk about it.
SPEAKER_01 (02:34):
We don't talk about that.
The wife doesn't let me.
But banks can offerinstitutional grade custody with
multi-signature wallets,insurance, recovery systems,
compliance layers.
The reason why I lost custody tomine is I burned a passphrase by
accident in a Franklin Covey.
(02:55):
And this ends that.
Now, does it give the banks thefull control of your wallet?
No, it's sheer control, andthat's why we even built
RoarSafe like we did to make itbest of class in that multi-sig
space for what we had to do.
We use it operationally, webelieve in it.
SPEAKER_00 (03:13):
That's right.
RoarSafe's one of my favorites.
It's awesome.
Um my favorite.
Custody becomes optional insteadof mandatory, then.
SPEAKER_01 (03:22):
That's right.
It's a service you choose, notsomething forced on you.
In the past, the gatekeepershave forced it on you, and with
that layer and level of control,they've been able to hold the
board.
They own the board.
There's no game we're playing.
They own every move, every on,every off, every decision.
(03:42):
So you're playing Monopoly, butyou're not getting to move your
own piece, and you're notgetting to build, and you're not
getting to buy.
They're doing it all with yourmoney, and they're building
bigger buildings while youget.00001 cents for every
thousand dollars you leave inthe bank every month.
SPEAKER_00 (04:03):
Yeah, it's sad actually.
Um, well, let's talk aboutregulation because that's always
the elephant in the room.
SPEAKER_01 (04:13):
It's it's where banks are actually gonna become
more important, not less.
I mean, we're gonna seeregulation come through
governments, and we're startingto see things get clear.
But now it's gonna becomenecessary.
SPEAKER_00 (04:31):
Do you want to talk a little bit more about that?
SPEAKER_01 (04:33):
Yeah, um, well, in traditional finance, compliance
is enforced manually.
It's paperwork, audits, andreport reporting.
In web three, compliance can beencoded directly into smart
contracts.
There's no opacity.
SPEAKER_00 (04:51):
So the rules become part of the software.
SPEAKER_01 (04:54):
100%.
Banks could become things likecompliance oracles, identity
verifiers, and risk attestationproviders instead of what they
are right now.
And that's hated.
SPEAKER_00 (05:10):
Meaning they help verify who is allowed to
interact with certain systems.
SPEAKER_01 (05:16):
Yes, yes.
And that enforcement happenscryptographically and
transparently, while at the sametime, as we're proving through
what we're building inobfuscation layers and
technology, ZK sync kind ofthinking, that ability to create
public privacy and privateprivacy that's not public that's
(05:37):
automated and built into smartcontracting.
SPEAKER_00 (05:41):
That's interesting.
So another thing that banksbring to the table is something
crypto always needs, and that'sliquidity.
SPEAKER_01 (05:49):
Oh, yeah, lots of it because remember choke point 2.0
or whatever it was?
Holy wow, you guys, when thebank said no, we won't let you
buy Ethereum or we'll only letyou move X number of dollars,
and then we're we're workingwith like$50 is nothing inside a
crypto world, whenever$50 couldbe your gas in Ethereum, just to
(06:10):
run a smart contract.
And you've got these folkssaying we won't give you more
than$50.
They're the gatekeepers, they'rethe choke point holders.
And now, with specifically whatwe're seeing with the Fed's
move, the Fed's new move toallow the gateway function to
work with crypto and Bitcoin andwith the president's move
indicating that he's neverletting up on crypto because
(06:32):
they took care of him duringdeplatforming, as well as let's
go ahead and jump into Congresssaying we're gonna put a bill
out there that protectsdevelopers in this space and
makes the U.S.
one of the most central placesfor crypto and web three to be
developed.
You guys, it's looking good.
SPEAKER_00 (06:50):
It's true.
Uh DeFi markets are global, butbut they're fragmented and
automated.
SPEAKER_01 (06:56):
Which means liquidity providers are
critical.
Banks have massive capitalreserves and decades of risk
management experience, and thatmatters.
We're dealing with folks who'vebeen coding in their mom's
basement, some of them, and theydon't understand risk management
at the level that theseexperienced bankers do or
investment leaders.
(07:17):
And we need to honor that whereit's due.
We actually need theirbrainstore, their brain trust
and infrastructure and smartcontracting and automated
systems.
SPEAKER_00 (07:28):
Right.
So this isn't the Wild Westanymore.
It's not about dominatingmarkets, it's about stabilizing
them.
SPEAKER_01 (07:36):
Exactly.
They're going to provideliquidity to decentralized and
hybrid markets.
They earn yield themselves whilereducing volatility and having
access to their brain trustoffers an opportunity.
Yes, we recognize that thebanking system and legacy
banking has scared the crud outof the technology that's built
in.
And so developers have controlthere.
(07:56):
But on the other end, developersdon't understand risk management
and other pieces that thebanking sector owns.
So if we can come together inthat magic middle, it's the best
for all.
SPEAKER_00 (08:06):
Yeah.
One of the biggest problems withtraditional finance, too, is the
settlement times.
SPEAKER_01 (08:12):
Right.
I mean, people don't realizethat a lot of financial
transactions take days, weeks,or almost a business month.
21 days I've had something towait, a business month to
finalize, wire transfers, andmore.
Whereas in blockchain, thingsthat used to take me seven days
(08:34):
for a transfer, five days, threeto finalize, they finalize in
seconds.
We're having in our solutions toturn them up in time because
they finalize too fast for banksto feel comfortable.
So we're having to alter thingsinside of chain dynamics so that
banks feel comfortable there.
Something that finalizes in lessthan three seconds can be scary
(08:57):
when a bank is used toliterally, they'll say standard,
three to five days or seven to14 days, or if you get a check
held, up to 21 days.
That's not a joke, that'sreality.
And so we have to build in thethings that make it trustworthy
to them for them to be able todo what they need to do in the
21 days in that three seconds tosix minutes in finalization in
(09:21):
blockchain.
We're doing that.
SPEAKER_00 (09:24):
Yeah, I I mean that time frame sounds a little bit
ridiculous in 2026, don't youthink?
SPEAKER_01 (09:30):
Well, yeah, I mean it's painful for you and me.
I mean, we we run a fullbusiness in blockchain, and our
minutes are our finalizationslike that.
And we're everything across theworld is done boom, boom, boom,
boom, boom, and done, andexpertly well, and uh with KYC
involved or whatever, KYC, KYB.
And then we go back to the bank,we're like, holy crud, transfer
(09:52):
three to five days, God help us.
Yeah, it's it's incredible.
So blockchain flips that model,settlement becomes programmable,
finality becomes cryptographicand almost immediate.
SPEAKER_00 (10:03):
Meaning you don't need three different
intermediaries reconcilingrecords.
SPEAKER_01 (10:08):
Exactly.
Banks that integrate with smartcontract settlement layers are
gonna reduce costs and increasetransparency.
The thing that they're gonnawant is their own sovereign
structure, sovereign chains, orsovereign um finality.
You know, they're gonna wantthat, and that's something we're
aware of and working on.
SPEAKER_00 (10:26):
Absolutely.
Uh, so here's the real question: what separates the winners from (10:27):
undefined
the losers?
SPEAKER_01 (10:33):
Adoption speed.
That's it.
That we are always talking aboutwhat does it take in blockchain
to bring on the next billionusers?
That's a big deal.
Well, now it's what does it takein legacy banking to remove the
barriers to entry altogether, aswell as speed of adoption?
And so you can say it's gonna beeducation, but our thinking is
(10:56):
can't just be education.
So this is educational.
It's got to be more than that.
It's gonna have to be removingthe barriers, making things one
one click accurate, making surethey're ISO compliant, making
sure that banks feel comfortablewith them, they have the right
auditing tools, making sure it'spublic where it needs to be and
private where it needs to be,making sure that it has internal
(11:16):
controls as well as externalopportunity.
And that's exactly thecomplexity we're excited about
that we've built on.
SPEAKER_00 (11:25):
Absolutely.
Uh, banks that adopt early thenhelp shape the standards.
SPEAKER_01 (11:30):
Yep.
If if you guys want to adoptearly, you're gonna influence
protocols, you're gonnainfluence the regulatory
frameworks, and you're gonnainfluence how institutional
capital enters the systemaltogether.
And then the ones that don't,you don't want to know because
honestly, they risk becomingsimple access points to
(11:52):
infrastructure they don'tcontrol.
I can see a future where you'vejust got people using kiosks,
almost like either uh, you know,going to your ATM, but not just
going to your ATM to put cashin, but going to your ATM to put
the cash in the bank toimmediately have it converted to
a crypto or translated someother way for transport across
(12:15):
any protocol.
And let me tell you something,people are leaning into the fact
that we beat everything,including Swift, Visa, or
whatever out there.
Now, Visa has the thoroughput wedon't have yet, but we're
building that too.
And it's we're close on a lot ofthings, man, actually, to being
better and best of class oneverything.
So, speed of finality, we win.
(12:36):
Thoroughput, maybe there's alot.
We got a lot to learn fromMasterCard Visa, Swift's
Mothers.
But inside of framing for thisfuture, it's already capable of
doing everything that'snecessary.
And if banks don't jump on theship sooner than later and start
getting in, getting their feetin the water and taking the next
steps.
And I feel like financialadvisors that are in the fee-on
(12:59):
world or independent are gonnatake these jumps and risks
first.
I believe they'll be first, andthey'll become their own private
banks out of it.
Then these simple banks aregonna be replaced, they'll go
away and become nothing morethan an individual that's like
an ATM putting things inblockchain.
SPEAKER_00 (13:17):
That's an amazing shift, actually.
Um the takeaway here is prettysimple.
SPEAKER_01 (13:24):
Banks aren't disappearing, they're being
redefined.
SPEAKER_00 (13:31):
And in a web 3 world, banks don't necessarily
own trust anymore.
SPEAKER_01 (13:37):
No, they're gonna operate it, they will operate as
trust.
SPEAKER_00 (13:41):
That's right.
Uh, and the institutions thatembrace transparency,
programmable finance, andon-chain infrastructure will be
the ones that survive thetransition.
SPEAKER_01 (13:50):
Yes, exactly, exactly, exactly that.
It's it.
SPEAKER_00 (13:54):
All right.
Well, that's it today,everybody.
Um, thank you for joining us,and we enjoyed the discussion of
the future of banking in Web3.
Make sure to subscribe and sharethe episode.
SPEAKER_01 (14:05):
You're gonna get more opportunities to see more
white papers coming out of us.
That is just a little bit ofinformation from a lot of
research and work we've done,and we're gonna be releasing
multiples in this specific topicover the next weeks and months.
You guys, it's here, it's time.
We'll see you next time.
Thanks for tuning in to yourweekly roar.
(14:27):
Thank you, everyone.
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