Five minutes later, that money, less than five minutes later, that money is in your wallet and congratulations, you walk into the house and you close on that house on the. Spot. Yeah, my LOS says I'll close in five. Minutes. Do you think JP Morgan is going to be thrilled? Yeah, of course not. They want all their fees. The reason they have the tallest skyscrapers in the world in every major city in the world is because they're getting loan origination fees. (53:39–53:43)
CLAIM
Asserts that traditional banks like JP Morgan are not pleased with blockchain-based lending due to loss of fees.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
