Wells Fargo and the Creation of Decentralized Finance. Crypto and Blockchain.
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Wells Fargo… is America’s most hated bank. And I’m going to explain why this is actually a good thing.
Wells Fargo has a successful yet rocky and shady history, and this type of controversy sparked by centralized banks with scammy practices is what really pushed innovation with DeFi (Decentralized Finance), Cryptocurrency, NFTs, and any of the “power-to-the-people” technologies of the coming Web 3 era.
While banks like Wells Fargo will not be remembered favorably, they played an important role in bringing to light the issues with traditional finance and the need for decentralized blockchain (crypto) alternatives.
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*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*