Crypto companies could flip to ‘shadow banks’ following main collapses — Molly White

Within the wake of three main banks with ties to crypto companies collapsing, software program engineer Molly White believes corporations now banking choices could must face “shadier” options.

Talking on March 14 at a South by Southwest (SXSW) panel in Austin, Texas, titled “Popping the Web3 Bubble,” White opined that crypto companies’ choices following the collapse of the crypto-friendly Signature and Silvergate banks could drive them metaphorically underground. White in contrast the scenario to that in 2017 and 2018, when crypto initiatives had “bother accessing banking” with much less data and acceptance from establishments.

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