If technology is not the problem then why is technology in traditional banking so bad? I do banking operations as a big part of my job, and can tell you that there are close to zero banks today that have even heard of APIs. The only ones that did were Silvergate, SVB, and Signature, and those were singled out and shut down by tradfi.
If banks had good technology then companies like Plaid and Modern Treasury wouldn't exist. MT starts off at $70k/yr, but in crypto land I could replicate their entire product with 5 lines of JavaScript.
Moving money via USDC on Polygon/Ethereum is far and away the easiest and most secure banking experience. I can do things that are simply impossible with regular banks, like write custom logic to determine how many approvers a transaction requires, or use an escrow contract to ensure both parties deliver on a promise with no middleman.
If banks had good technology then companies like Plaid and Modern Treasury wouldn't exist. MT starts off at $70k/yr, but in crypto land I could replicate their entire product with 5 lines of JavaScript.
Moving money via USDC on Polygon/Ethereum is far and away the easiest and most secure banking experience. I can do things that are simply impossible with regular banks, like write custom logic to determine how many approvers a transaction requires, or use an escrow contract to ensure both parties deliver on a promise with no middleman.