I’m not a real-estate student or investor. Nevertheless, the following video was produced from a real estate agent’s perspective by the NREP (National Real Estate Post). The video describes an ongoing revolution that involves “smart phones” and “mobile only banks”.
According to the video, there are now ten banks in the world that are “mobile only”. That means these banks have no vaults, no tellers, no ATMs, or branch offices. You can’t even access these banks by means of your desktop computer. They are only accessible by means of smart phones.
As I said, “mobile only” banking marks a revolution. This revolution points towards a purely digital, global currency. The question is, can this “revolution” withstand the dangers of digital currency, digital banking and hackers?