Why Miftah Ismail Did Not Answer Web Three Point Zero Question

The Answer is Yes and No

Yes they will operate banking services, probably through a partnership with either an established bank or the best of the start ups. The reason they wont become a bank (established themselves) is due to the regulation that’s involved. Google and specifically Apple want to own the front end experience, due to the marketing opportunity, and the potential to deepen the relationship with the customer. We cannot imagine both companies wanting to clear money and manage accounting based reporting. The real player that could make the biggest impact is Amazon. With links to a market place, and now in our home due to echo, they have huge reach. We see two possibilities in the next 2 years. Either a bank will be bought and staff retained, or as stated a partnership with a bank. Either way the tech giants will start to own more and more front end banking services until banking becomes invisible to us.