I really like his opinion!
Banks are like the former producers of horse-drawn carriages. When cars were produced they claimed nobody needs cars.
Banks can`t just rest on their laurels. They need process like every company that wants to be competetive in the market.
I hope the banks fail to heed his warning.
Most likely their heads are so far up their own asses that even if they wanted to innovate, they won't be able to.
It's too much for them! They will have to have 8 months of meetings to decide what they might do, and another 2 years to roll it out. By then Bitcoin is mainstream.
