Post
Topic
Board Economics
Re: What would happen to banks?
by
jetteodo
on 17/10/2018, 11:59:08 UTC
right I agree with you. banks are still needed even though the cryptocurreny has taken over the world. because the function of banks in people's lives is very important. our bank to save money and also where to get a loan. the bank collects funds from the community and is managed again to be channeled to the community again. if there is no bank we will have difficulty finding capital loans. and I think banks and cryptocurrency can work together to support each other.
When a cryptocurrency exchange me all the facilities of keeping my money safe, transactions and easy withdrawal, then I do not need any bank for my money. When the local markets start accepting cryptocurrency and people nearby use their cryptocurrency in their local markets, the role of the banks will finish and it will be difficult for them to survive, eventually they will start crypto trade.