Weiss Ratings: Technology giants enter the encryption arena to become banks

Weiss Ratings, a cryptocurrency rating agency, believes that technology giants such as Apple and Facebook that have entered the encryption field have proven that they are actually becoming banks, and their "answers" are completely different from Bitcoin, because Bitcoin is a substitute for central banks. Weiss Ratings believes that Facebook, Apple and Alibaba's new products are just pseudo-encryption technologies that allow them to profit from their financial activities. They have not replaced banks, but are becoming banks.