Why it's bad: "The cost burden that branches place on traditional banks is increasing while their utility is decreasing."
What's better: "In contrast, digital wallets are acquiring millions of customers at a cost 98% lower than that for banks"
2/ Brick & Mortar Retail
Why it's bad: "If square feet were to stabilize at current levels, brick and mortar retail sales would continue
to fall as e-commerce takes share. Roughly
$1 trillion worth of real estate would have to be repurposed by 2025."