Post
Topic
Board Economics
Merits 2 from 1 user
Re: What will happen to the banks if people uses cryptocurrencies more than fiat?
by
Nhobita
on 15/01/2018, 09:19:52 UTC
⭐ Merited by magmar (2)
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
We are still not that sure of what will be happening in the future because we are still relying into the present scenario and we are all still just making assumptions and wild guess of what will happen in the future. But I think, as the situation continues of the rise in cryptocurrency usage, I think banks will still the same as it is since people are still needing to have their physical money for much more assurance since Bitcoin and altcoins are built online so there will be still risks associated on it and having a partition in having physical money and virtual money will be a best way to secure your money.