At the Code/Mobile conference earlier this month, Paypal’s Bill Ready and Chase’s Gavin Michael outlined visions for the future of digital finance that sounded pretty similar: Peer-to-peer services (like Paypal’s Venmo and Chase’s QuickPay) are increasingly critical for everyday use, and that trend doesn’t really spell doom for banks.
Onstage at The Ritz-Carlton in Half Moon Bay, Calif., Ready described Paypal’s role “as a technology enabler that can give people access to financial services, and not necessarily a provider of those services.”
You can watch full video of their conversation with Jason Del Rey below:
This article originally appeared on Recode.net.
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