Why the Stock Market Should Be on Blockchain | Nate from Bitte
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About this video
Nate from Bitte explains the complexity of the current stock market system and why blockchain could be a game-changer. Imagine getting fractional shares of stock as a reward in real-time—no more waiting days for trade settlements. It’s clear the stock market could benefit from blockchain’s efficiency. #StarbucksRewards #StockMarket #Blockchain #InvestingTips #FractionalShares #FinancialLiteracy #DigitalFinance #InvestmentStrategy #TradingChallenges #TechInnovation
Transcript
170 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
swipe your credit card at Starbucks uh and we'll go to the stock market and give you fractional shares of publicly traded stock as reward so I get a cup of coffee I get 02 021 shares of Starbucks stock I got to see how messy that system is we worked with clearing firms uh they worked with five other companies of the ability even to have access to those clearing firms we had to give a ton of money uh per month for that access and you wouldn't even see if your code worked until two days later when the trade settles it's
- 0:33
it's just the messiest thing in the world I mean it's just so obvious that something like the stock market should be a blockchain a clearing firm should be a blockchain it's just a trusted database so if you can have something that is a trusted database that can settle within a second and you actually have the funds go into your account it's a no-brainer