This is how Ethereum attracts defended traditional finance users - What do those who participate in traditional markets and finance think of bitcoin, ethereum or blockchain technology? How can they be drawn into the world of decentralized finance (DeFi)? In Bloomberg they ask a similar question and, to answer it, they have spoken with experts on the subject.

One of them is Michael Antonelli, a market strategist at Milwaukee-based Baird, who explains why, above all, ethereum has caught his attention. Both he, and the specialists who will later be mentioned, perceive ethereum as much more than a cryptocurrency. They focus on the ethereum network: a large space, Antonelli notes, in which many people intend to build.

Antonelli defines himself as a member of traditional finance, who has “a very open mind towards the world of cryptocurrencies.” Although not in its entirety “" There are aspects that I am willing to ignore, for example, random tokens or cryptocurrencies with stupid names. But there are others to which I am devoting a lot of effort.”

Of bitcoin, he states that, beyond its price “" it makes sense as a form of digital payment.” With better eyes he sees ethereum “”It strikes me that large companies like ING, Ubisoft or TD Ameritrade are entering the network and raising constructions on it." For this financial expert, ethereum grows as a place " where a lot of people are going to create things. Intelligent people come with innovative ideas and that catches my attention."

Ethereum attracts defended traditional finance users

Bitcoin has been said to be 'digital gold'. Hunter Horsley, CEO of Bitwise Investment, says he may become one, but he is not yet. He has many doubts. Just the ones that don't show up when he talks about decentralized finance. There it is resounding:”DeFi are a productive asset, bitcoin is not."

Many professional investors, he emphasizes, are entering the world of decentralized finance and, “when people like that are interested in something, you have to open your eyes. If you ask someone what problems DeFi solve for you, they know what to answer."

Elena Burger, analyst at a hedge fund and consultant for Basic, is in a similar vein.space. He states that the best thing is not to value ethereum just as a cryptocurrency, but “as a means to organize your online presence in a way absolutely different from what has been known so far”.

Ethereum attracts defended traditional finance users

In his words, “the ethereum network enables new organizational protocols for companies, for media distribution, innovative markets and, of course, decentralized finance.”

Speaking to investors, Burger explains, everyone understands the purchase of ethereum in a way “ " Some consider they are buying an asset, others helping an ecosystem of developers and protocols that are working around the world.” The real answer, he concludes, is that, " if you decide to invest in Ethereum, you are doing all that and much more. And that's really exciting."

Ethereum attracts defended traditional finance users

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These are the commissions you will pay between June and December, depending on the bank you are a customer of, and some tips to avoid them

The financial comparator HelmMyCash.com it has analyzed 11 financial institutions operating in Spain, with the aim of knowing the commissions that each of them will charge and when. In a statement, they report the commissions you will pay, depending on the bank you are a customer of.

Almost all the entities present in Spain, they point out, will charge commissions for the maintenance of current accounts to the least linked clients next month. "June and December are the months in which more banks apply expenses, since those that charge their commissions monthly, quarterly and semi-annually come together,” they explain. In fact, of the 11 banks in which they have inquired, only CaixaBank (which will apply expenses next July) and Bankinter, will be the only entities that will not charge commissions next month.

They stress, however, that not all customers will pay commissions to banks, only those who do not meet the conditions of their bank account will do so

Customers who fail to comply with the requirements of their account in Ibercaja, point out from HelpMyCash.com, they will be the ones who will pay the most next month, since the price of their semiannual commission is 60 euros (120 euros per year).

Abanca is another entity that liquidates its fees for maintaining the account on a semi-annual basis, although this entity charges slightly less (50 euros per semester). Every year, the Galician bank charges a total of 100 euros to those who fail to comply with the conditions of its Zero Commission program.

BBVA, for its part, will begin on June 15 to apply its new commission policy to the holders of the Va Contigo Account. Customers who fail to comply with the conditions will go from paying 100 euros per year to paying 40 euros per quarter, that is, 160 euros per year. Fortunately, they argue, " this modification does not apply to all bank accounts and the requirements have practically not changed, therefore, most of those who did not pay until now, will not do so either from June. In addition, Commission-Free Online Account holders will be able to continue to enjoy free trading as before.”

Customers of the Expansión Account, the most popular of Banco Sabadell, will pay a quarterly commission in June of 30 euros if they do not meet the conditions of the account, like those of Unicaja or KutxaBank. The less related customers of these three banks will pay the same amount, which means an expense of 120 euros per year.

The giant Banco Santander applies a commission of 20 euros per month since the beginning of this year to customers who do not meet any requirement of the new Santander One program. In total, customers of Ana Botín bank pay up to 240 euros per year, the most expensive bank together with CaixaBank. Customers of the red bank who are somewhat linked pay 10 euros every month and those who meet all the requirements do not pay anything.

Bankia, the bank recently absorbed by the Catalan entity, will charge its monthly commission, which can reach 14 euros if the client does not meet any condition of the program Because It Is You. In total, Bankia charges 168 euros per year for the maintenance commission of each account, as long as no requirement is met. Customers who, for example, do have direct debit income, are paying 6 euros per month. Also, On Account holders should not worry about charging commissions.

Those who have the ING account with a balance of 30,000 euros or more in the Orange Account, who do not have their income domiciled in the bank, began in April to pay 10 euros each month for the maintenance of the savings account and will have to pay them again in June.

Bankinter, of the banks that apply commissions, is the one that charges the least annually, they explain from HelpMyCash.com. Its maintenance fee is 22.50 euros semiannual (45 euros annually), although without a date marked in the calendar. The bank charges expenses 6 months after the opening of the bank account if the conditions are not met. Therefore, it is possible that some customers will pay next month, but it will depend on when they signed the contract.

HelpMyCash experts recommend, before switching accounts, to review whether it is possible to meet the conditions required by the bank or to negotiate them directly with the bank if you are satisfied with the product and the bank.

If in this way it is impossible to avoid expenses, the client can consult if there is the possibility of changing the type of account within the same entity. For example, Abanca offers its Clara Account, an online account with no fees and no requirements, available both for those who are already customers of the bank and for new registrations.

Another option is to change the bank, that is, transfer the balance and the income or receipts to one of the banks that do not charge commissions and that demands some requirements that we can assume and, finally, cancel the current one.