why do we need banks, if the Crypto currency was created for convenience. And that would bypass the banks, so that this third party does not exist. What could be paid without any commission there.
This is the reason why cryptocurrency is developing very strongly, but it is also a reason for slower growth as many countries do not want to lose control of the currency from traditional banks. I believe that the use of blockchain technology and the cryptocurrency capabilities of the banks to manage their transactions and financial systems is excellent.
Blockchain is an instrument that banks can use for cross border payments tosafe costs. This is the only aspect banks line about blockchain, overall they have much more to loose than to gain. With Crypto, I am my own bank and banks become increasingly obsolete the more people adopt crypto currencies.