More centralized systems fail, causing worries over a worldwide banking crisis to continue. 📉❗
In the midst of these devastating, ongoing events, SelfKey is never losing sight of its important goals: to develop decentralized solutions for the regulations that will come.
If centralized systems keep experiencing a decline in their business, it could potentially lead to increased regulatory attention from governing bodies. This increase in regulation could be beneficial for SelfKey, which keeps striving to provide alternative solutions for managing private data.
With greater regulation, individuals may become more open to utilizing these alternative solutions, leading to increased demand for services like SelfKey.
Additionally, stricter regulations could help to level the playing field for smaller companies by creating a more even regulatory environment. Overall, a decline in traditional banking could ultimately be a positive development for SelfKey.
⚡The SelfKey DAO Whitepaper can teach you more about the benefits of decentralized systems.
🙌 The Benefits of SelfKey iD
KYC may be time-consuming, expensive, and difficult for users, potentially resulting in losing customers and missing business opportunities. SelfKey iD presents a groundbreaking method of identity verification that has the potential to be quicker, more secure, and less expensive compared to conventional KYC methods.
Read more → about the advantages of SelfKey iD, its features and benefits compared to traditional KYC.
📢 SelfKey DAO member engagement system
The new engagement system aims to encourage participants to actively contribute to the DAO in order to maintain it. Not only will participants be able to have a say in the DAO, but they could mint tokens by doing so.
Learn more → about SelfKey DAO's engagement system, KEY and SELF tokens, and how to get NFT packs to customize your Normie.
📰 Deutsche Bank shares plummet as global fears over banks continue
Shares in Deutsche Bank took a hit on Friday, prompting a drop in other European banks as fears of a potential banking crisis loom. This comes after recent difficulties with other banks, including the collapse of Silicon Valley Bank and the takeover of failing Swiss lender Credit Suisse. The question remains whether Deutsche Bank will face a similar fate or find a way to weather the storm.
"The best way to predict the future is to invent it." - Theodore Hook
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This document may contain statements regarding future events based on current expectations. However, some risks and uncertainties could cause results to differ. The views expressed here were based on the information that may change if new information becomes available.