Crypto executives say digital native generations may never need a bank account
COINDESK ·
Evidence of that shift is growing. Visa’s stablecoin tracker recorded $6.6 billion in volume across 132.4 million retail-sized transactions (those worth less than $250) during the latest 30-day period. Standard Chartered expects stablecoin circulation to increase about sevenfold to roughly $2 trillion by 2028, while agent-led purchases could rise from 1% of e-commerce in 2025 to 12% in 2029. Neobanks capture nearly 40% of new banking accounts globally, boasting over 1.4 billion users. Naveen Mallela, Standard Chartered’s global head of payments, also expects the traditional account-based model to change. He believes people will eventually use a wallet tied to their identity instead of separate bank and brokerage accounts. “Rather than having bank accounts with individual banks or having separate brokerage accounts, you would have a wallet where you’ll have cash, tokenized deposits of some sort issued by different banks, stablecoins, tokenized money market funds, crypto and funds, all of that in one app, one wallet,” he said, clarifying that this was his personal opinion, not a formal Standard Chartered position. His forecast does not remove banks from the system. The wallet he described could hold deposits and tokens issued by several banks, which would continue providing much of the money, infrastructure and controls behind the services.
AI 시장 분석
The possibility of a digital-native generation leading financial lives without traditional bank accounts has emerged. Executives in the cryptocurrency industry anticipate that decentralized finance services will replace the roles of conventional banks. This suggests a fundamental shift in the financial system, and investors should take note of the declining share of traditional finance and the growth of virtual asset platforms.
상승 영향
- Bitcoin — As the digital-native generation gains financial influence, the status of virtual assets as a store of value will strengthen. With the expansion of financial infrastructure replacing bank accounts, demand for Bitcoin and its related ecosystem is expected to rise consistently.
하락 영향
- Banks — The departure of the digital-native generation threatens to weaken the deposit base of traditional banks and reduce net interest margins, a key revenue source. As decentralization accelerates, a decline in market share for existing banks is inevitable.
DYAX 전담 분석
The shift toward decentralized financial services represents a paradigm change in how younger generations manage wealth. As banking moves away from centralized institutions toward blockchain-based solutions, the traditional intermediary model faces significant disruption. This transformation highlights the transition of capital toward more accessible, digital-first ecosystems, fundamentally challenging the dominance of legacy financial institutions.
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