As two neo-money industries are revving up: can fintech and blockchain co-exist?

Written by Sheldon Dearr from Octopus Network

The short answer is yes. You see it already: fintech products cover multiple countries’ users and commerce. Those same users have access to cryptocurrencies and other assets too, sometimes in the same platforms.
The long answer is no, different financial/monetary technologies cannot survive each other as independent niches in the same industry. Both fintech and so-called “cryptocurrencies” are being integrated more carefully into law; outside classifications like asset, property, or even currency, all have a similar impact in amplifying the user experience. Nearly all fintech, crypto and unclassified assets fit under policies of [a users’] local jurisdictions, or at least a country where they reside. There’s nuance here: blockchains aren’t necessary financial systems, though we deservedly start with Bitcoin, the first public monetary network. It’s reasonable [typically required] to balance financial incentives in public blockchains, and for a time it was the only lens we knew. Today we…