Banking is broken: How to Send Money as Easily as an Email
Banking is broken: How to Send Money as Easily as an Email: The Rise of Fintech, the Fall of Banks, and What Happens Next (Wealth hacks: Unlocking Hidden Opportunities) by JA Engelbrecht
English | May 19, 2025 | ISBN: N/A | ASIN: B0F98S76PJ | 229 pages | EPUB | 7.45 Mb
English | May 19, 2025 | ISBN: N/A | ASIN: B0F98S76PJ | 229 pages | EPUB | 7.45 Mb
What if sending money was as easy as sending an email?
In a world where we can communicate instantly across continents, why does moving money still feel like it’s stuck in the 20th century?
Banking is Broken pulls back the curtain on the outdated machinery of global finance and explains why sending money—especially across borders—is slow, expensive, and overly complicated. Whether you’re curious about why your international transfer took days, or you’ve heard buzzwords like SWIFT, RippleNet, or stablecoins and want to understand them clearly, this book is your roadmap.
You’ll discover:
- How the current banking system and prefunded models (like Wise) actually work
- Why kiosk-style systems (like Western Union) still dominate in many parts of the world
- The hidden fees and inefficiencies that traditional banks don’t want you to see
- How fintechs and blockchain technologies are rewriting the rules
- What governments are planning with CBDCs—and why it matters
- Why cash isn’t going away anytime soon
- A practical guide to moving money faster and cheaper using new tools
- How the lines between tech companies and banks are quickly blurring
If you’ve ever asked “Why does it take so long to send money?” this book gives you the answer—and shows what the future could look like.