Can Cash App Replace Your Neighborhood Bank?

What we’ll cover today:

💳 Why Gen Z Hesitates?

💸 Fintech Experts Look at How AI is Disrupting Fintech.

🌐 7 Months Into My Defi Life.

🔗 The Event Roundup.

Why Gen Z Hesitates?

While 40% of young adults are open to using Cash App as their main bank, a surprising number are holding back.

Why? They still want a physical branch they can visit.

Top reasons Gen Z is hesitant:

• Physical branches feel more reliable and accessible.

• Traditional banks like Chase and Wells Fargo still rank high in trust.

• Cash App, though popular, faces strong competition from PayPal and Venmo.

Block, Cash App’s parent company, is all-in on making it a full banking option.

But they face some major roadblocks:

• Ongoing regulatory scrutiny from the DOJ.

• Potential legal action from the Consumer Financial Protection Bureau.

Cash App’s journey to replace the traditional bank branch may be more complicated than they thought.

Here’s the whole article

1. Fintech Experts Look at How AI is Disrupting Fintech.

According to Grand View Research, the volume of AI tools in the fintech domain has already reached a shocking $9.45B just in 2021. And it shows no sign of stopping. 

Experts predict that from 2022 to 2030, the market will increase at an unbelievable average annual rate of 16.5%. 

Here's What Experts Have to Say.

2. 7 Months Into My Defi Life.

This is a thread from a Twitter page called Financial Freedom Wizard.

The tweet is: “7 months into my Defi life, I wanted to share some of my learnings so far.

Making mistakes in DeFi is painful, expensive, and no one's eager to teach you.  

Here are 10 common mistakes I wish I knew at the start”

Here’s The Whole Tweet

1. Wegofin: Leading the Fintech Revolution in Business Banking.

Wegofin is revolutionising business banking in India by integrating financial services into a single, AI-powered platform. 

It streamlines essential functions like payments, accounting, tax filing, and expense management, making it ideal for businesses seeking efficient, digital-first solutions.

2. AU Kabucom Securities will Use Morgan Stanley’s Trading Execution Platform.

au Kabucom Securities is collaborating with Morgan Stanley MUFG Securities (MSMS) to utilise Morgan Stanley’s Japanese stock trading execution platform to expand its SOR (Smart Order Routing) service and provide trading execution algorithms starting Monday, March 3, 2025.

3. E-Wallets Rise as Leading Payment Method in Southeast Asia.

A new Visa study shows that e-wallets are rapidly emerging as Southeast Asia's most used payment method. This trend is particularly pronounced in countries like Indonesia and the Philippines, where many of the population still lacks access to traditional banking services and governments are pushing for greater usage of cashless transactions.