Despite what many people may think or hope, we are a looooooong way from the end of banks!
Crypto is still very much in its infancy. Yes there is lots of activity right now in the crypto scene, but theres a lot of crap needs to be flushed down the toilet first! Banks still play a very important role and i think will continue to do do for a long time yet- certainly in the western world where i am.
Also crypto has to appeal to the majority of people before any such statement could be made. At present- we are a long way off!
It might be the end of banks in some countries who have corrupt governments and/or currency that is hyperinflated, but thats not happening where i am and i don't envisage it anytime soon either.
I somehow disagree with the statement above. Many people are still not into the use of cryptocurrency. Some do not have the access such as the internet or smartphones/computers to be able to use it. I dont think it could fully replace banking industry.
Agreed, crypto should be used by masses, only, in this case, we can think about kind of rivalry between banks and crypto. Now it is mostly gaining some profit on speculations. But what if you could buy smth simple like bread or cup of coffee for crypto. But still, banks and crypto will be working together as the first ones carry out a lot of functions in our society.