Competetion is always good for customers.Im really big Steemit fan however Im still really curious about this new project.It surely has potential but Im not really so enthusiastic about it "exploding". If they will somehow get really huge audience this could be a real " threat" for the Steemit but this would propably take some time.At the moment Im not seeing them achieving that in forthcoming time.Anyway I will track BANCA with curiosity🤔