However , he adds that DeFi and crypto – particularly with relation to the metaverse – will also give cause for thought over the next few years , “ especially as traditional investment vehicles do the maths regarding the extent of cash being diverted into NFTs , DeFi and Crypto investment ”.
He adds : “ The other thing to watch will be banks beginning to prepare for the prospect of the likelihood of blockchain-based currencies eventually becoming mainstream . Don ’ t expect high street banks to be offering crypto bank accounts or loans in the next 18 months , but do expect a softening of their stance . They will be closely watching the lead of regulators to discover a new vision .”
Smith concludes : “ Disruption in payments and financial technology are not only crucial but demanded more and more by today ' s consumer due to the mass digitised world we live in , leaving wearable tech perfectly placed to make the wallet redundant , money contactless and identification simple and secure .”