"At the moment, virtual currencies such as bitcoin are no longer a threat to the existing order of credit and central banks," said Christine Lagarde, director general of the International Monetary Fund. .
Why? Because they are too precarious, too risky, too energy-consuming, because the underlying technology is not capable of changing and because many virtual currency is not transparent to law enforcement, a virtual currency has been hackers steal ".
What do you think?
Yes.He's 100% absolutely right.Its because banks survive mainly by lending loans for interests and only on transaction fee.Crypto coins doesn't have a central authority to organize and provide loans.So banks are completely out of threat in this concern.