It is true that the crypto-currencies will become a challenge for the existing fiat currencies due to many reasons. But my view is banks must not consider it as a threat and they should transform their business model to adopt crypro-currency as a part of their business. What is your opinion in this reagrd?
Seems like they realized that we don't need them anymore that's why they consider bitcoin or cryptocurrency as a threat to their business.
Even though they transform their business and provide a better service but the question is, will crypto user put their coins and trust them? I don't think so, unless they're offering something beneficial for the user. Btw It's clearly against the concept of decentralized moreover we already have our own bank.