We are hearing buzzwords like, "real-time payment methods" and
"War on Cash" from people in the financial industry.
McKinsey research forecasted back in 2014 that more than 50% of
incremental revenue in almost all banking products in Western Europe
will be digital
by 2018. When we look at the trend, it looks like this is becoming a
reality.
Bitcoin might not replace these financial institutions, but they will
force them to change!
You could say that we are almost on that era since most people on earth are now recognizing the existence of Bitcoin but mostly of them are not really aware of the use of it. They just know the name because someone introduces it to them and some of them are using the idea of ponzi/investment scam that's why the rest of them that didn't know exactly what is Bitcoin will follow on what the naive one that they will tell to them. This is most likely the rest of the ratio is going to be a problem for this new era of digital money.