Tech companies could replace banks
By Hicbd
Mon Jan 25 2021 8:24 am
"Google confirmed reports that it would begin offering checking accounts next year, the latest in a recent volley of tech ventures targeting consumer finance. Uber, under the moniker Uber Money, wants to be a bank for its drivers (and maybe riders too). Apple has an indestructible credit slab. Facebook just announced Facebook Pay—Venmo basically, except Facebook gets all the transaction data for ads. (Not to mention Libra, its attempt to build a global cryptocurrency payments network.) Amazon, like Google, has reportedly explored checking accounts of its own."
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