Why banks hate bitcoin... And why we no longer need them...
What banks can do better than bitcoin. If bitcoin also have almost all features of banks. Only must have an internet and you can use bitcoin already.
And bitcoin has faster transactions than the bank and more secure I guess.
We don't need banks to process our transactions anymore because of the introduction of the bitcoin technology. There's no dodgy fractional reserve system going on within bitcoin either.
That's why bitcoin is feared by banks - they know that one day run out of profits because of bitcoin, which is going to replace banks.