‘There’s trench warfare going on between analogue and digital financial services’
- Danny Masters ran JPMorgan’s New York energy shopping for and promoting enterprise inside the 1990s sooner than organising his private commodities fund.
- His company pivoted to bitcoin in 2014 and he has been embracing crypto ever since.
- Masters believes executives from typical financial corporations attempt to fight off crypto by dismissing it as a Ponzi scheme or a rip-off.
- Crypto is “an actual financial revolution”, Masters says, and banks are “paying the price” for failing to innovate for a very long time.
LONDON – A former high-flying supplier who has embraced the world of cryptocurrencies says there’s a “trench warfare” going on between typical financial suppliers and digital upstarts.
Danny Masters suggested Enterprise Insider: “There’s one factor of a trench warfare going on between what I identify analogue financial suppliers companies and digital financial suppliers companies.”
Masters began his occupation as an oil supplier at Shell inside the 1980s, …