‘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, …

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