Daily Fintech Conversations

Not all Fintech services are good for society

Originally published at: https://dailyfintech.com/2020/09/01/not-all-fintech-services-are-good-for-society/

Efi Pylarinou is the founder of Efi Pylarinou Advisory and a Fintech/Blockchain influencer – No.3 influencer in the finance sector by Refinitiv Global Social Media 2019. The consumer debt levels in the US remain high and Fintech has contributed to this substantially. Q2 2020 was the first quarter that household debt and credit dropped since 2014! However, 2019 closed with nearly $4.2 trillion in consumer debt (a record…