Hint: It's not a blockchain company.
Frederik Gregaard, the incoming CEO of the Cardano Foundation, shared his perspective on FinTech's competitive landscape and major technology trends with Cointelegraph.
Discussing competition, Gregaard said that the protocol's biggest opponents do not come from within the blockchain space:
“I think the biggest competitor, it's really the largest technology companies today around, the large tech platforms such as Google, Amazon, Tencent, Alibaba, those kind of players”.
Gregaard believes that social media-based big technology providers have morphed from supplying their customers with meaningful tools to essentially owning and manipulating their users.