Post
Topic
Board Economics
Re: What will happen to the banks if people uses cryptocurrencies more than fiat?
by
Smokey Bob
on 04/01/2018, 15:27:14 UTC
Nothing will happen. Some banks would adapt, and live on. Others might perish due to their old ways. New banks would erupt in the void. It's not like decentralization of the currency makes it impossible for organizations to profit from its use. That's what banks do. They would probably make even more money, as many things can be automated. They can then have fewer staff members.