On this week’s episode of News & Views, The Fintech Times Podcast team speak about how Latin Americans are perceiving and using cryptocurrencies and the web3 ecosystem, Revolut finally securing a UK banking licence after a three-year wait and why UK consumers are very quickly embracing a digital payment society, while the US lags behind.
The podcast team kick off the conversation by discussing how much customer adoption will change for Revolut as it receives its banking licence. While Francis isn’t totally sold on how much change there will be, Polly highlights that because this has been so long in the making, now the bank has got the licence, it is a very big deal. Tom also highlights how greater security and protection will likely make more consumers consider the neobank.
Following this, the conversation turns to cryptocurrency adoption in Latin America. The trio discuss how marketing and greater adoption can massively help, not only in the region, but globally. They also highlight Binance’s report and agree that increased security will bring more consumers to cryptocurrency.
Lastly, Polly, Tom and Francis discuss how convenience is one of the biggest drivers in payment preferences. They also explore how cash usage will continue to decline but never be completely replaced.
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Revolut Finally Obtaining UK Banking Licence ‘Can Only be Good News’ for Consumers
UK Embraces Digital Payments While Digital Banking Adoption Lags Behind
55 Million Users and Counting: Binance Reveals What is Needed to Improve Crypto Adoption in LatAm
