24 Apr '16, 5pm

Why US FinTech is a Joke

Why US FinTech is a Joke

John Biggs is CEO of stealth bitcoin startup Freemit and a former editor at TechCrunch. His work has appeared in publications such as The New York Times, Gizmodo and Men's Health. In this opinion piece, Biggs takes aim at out-of-touch banks and timid FinTech investors for what he argues is the way they are disrupting innovation to the detriment of consumers. In speaking with FinTech investors and the companies they’ve supported, I’ve found one thing to be true: FinTech in the US is an incremental game of kick-the-can populated by entrepreneurs who are incessantly stymied by frightened bankers and investors. If there is any one place ripe for disruption, it is the milquetoast world of financial technology. In building Freemit, we met countless entrepreneurs who walked a similar path. They wanted to change the way something worked in an implicit way, whether it was through a...

Full article: http://www.coindesk.com/fintech-joke/

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