It's been a wild ride for crypto, banks and the stock market but things are quickly being reshaped under the new USA administration coming in. But what's really going to take place between bitcoin/crypto, banks and the stock market? Will it really be ushered in with open arms? Let's have a look in this article as we take a deeper dive into the world of Fiat Finance and where it's heading.
The Grand Plan
From what many people are saying the grand plan of these systems is to tokenize everything. But not just tokenize it they want control in terms of running their own blockchain. This is why you see a easier on ramp right now such as places like Black Rock launching their token as a layer two Ethereum token.
The plan is for mega wealthy companies like this and banks to launch their own "blockchains" for full control and issue real world assets on them. The line of "You will own nothing and you'll love it" clearly rings true here once again.
IDK about you I'd rather physically own the gold or silver in my hands then have a blockchain digital thing saying that yeah I own a bit of it somewhere in the world.. Maybe...
Another big aspect why we are seeing banks look into their own systems is for transaction times. Right now most things you do with bank take days sometime weeks, loaded with high fees etc it's a old tired system which is slowly and boy do I mean slowly being replaced with blockchain and crypto.
Banks seem to be trying to get ahead of this for at least some assets to issue in order to have control of the asset still but offer faster closing and verified transactions on many assets.
The biggest core difference here is that banks and other institutions are using blockchains is that their systems are centralized with protected internal nodes to verify transactions. These are done behind closed doors and are not public like Bitcoin and other blockchains area.
Pro Governments
The other phase now is that with a pro crypto house, congress and president coming in we should see major adoption. However this mainly gives banks the green light on things like being custodians which was once limited to just a few places such as Coinbase.
With this pro government and change for major asset companies like banks it opens up new ops for them to offer up unique RWA real world assets. Most of these are currently being built on Ethereum however over time it very well could be.
However these company's and banks are currently testing and building their own internal systems that do the same thing. This leads us to believe within the next few years that these RWAs will be centralized controlled on internal blockchains and not on places like Ethereum. That is of course if investors speak out but I personally don't think they will. They would also for whatever reason trust a blockage company or bank over a decentralized blockchain at that point.
However what would could see and most likely would happen or wished for would be some type of blend between blockchains for financial places and places like Ethereum.
What are you thoughts? Will they simply launch their own internal systems? A blend of systems or adopt crypto blockchains like Ethereum?
Posted Using InLeo Alpha
