Simon Taylor sees potential in on chain mortgages over traditional
@sytaylor: On chain mortgages versus traditional
Simon Taylor, a prominent figure in the fintech space, suggests a potential shift in the mortgage sector.
As the adoption of blockchain technology grows, Taylor posits that on chain mortgages could soon become cheaper than their traditional counterparts. This speculation arises amidst ongoing debates around the resilience and risks associated with blockchain solutions for financial services.
Taylor asserts that when the established system becomes obsolete or uncompetitive, a new financial model could emerge, driven by the efficiencies and lower costs offered by decentralized technology. While on chain mortgages present a promising alternative, questions remain about their long-term viability and implementation on a large scale.
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Taylor's perspective on the transformative impact of blockchain in financial services aligns with broader trends observed across the industry, such as established corporations exploring digital assets through initiatives like Sony's consideration of its own stablecoin for internal and consumer use. Additionally, the sector has witnessed innovation in traditional lending models, exemplified by the issuance of a $300 million bond backed by Klarna consumer loans, further illustrating the shift towards technology-driven financial products.
In the previous news, tweet author Simon Taylor discussed the risk management challenges facing cryptocurrencies. ...
