So I just completed a wire transfer for something unrelated to crypto.
As we were sitting there waiting for the transfer I jokingly asked the lady helping me if she was worried that she would lose her job when crypto puts the bank out of business.
She had no idea what I was talking about and I very briefly explained to her the ease of moving money, low fees, and smart contracts.
I wish I had taped her response.
Banker: "Well Sir, I do not think the bank would allow you to transfer YOUR money like that"
Well honey, thats the point!!!!!!!!!!!!
Haa, bless the poor woman. It's inevitable that banks will come under pressure from crypto, especially for things like wire transfers, they're becoming outdated and useless. Banks like everything will have to evolve or risk being left behind.