Spain’s banking revolution shows us what’s next

Banking, Financial Services, Money , Gerd's Reads , Updates

Rodriguez Ferrara would doubtless agree. Ferrara set up Puddle.com in Barcelona and has since moved the peer-to-peer business to Silicon Valley, growing the company that allows friends to take the place of banks and offer personal loans. “Money is no longer in banks, it’s on the internet,” he says. “We realized that allowing friends to pool funds to loan to each other was cheaper. We are a society of trust.”

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