I hear it all the time. Bitcoin/crypto is alternative to fiat. And almost every token philosophy is based on this premise.
The question: can cryptocurrency beat legacy financial institutions to the point of replacing them?
... Thought as much... The much lauded JPMCoin was all noise and no substance. But can an accident happen to make legacy institutions catch up to the decentralized world?
If we think with the real situation then we can see Bank and Cryptocurrency going to mixing. I mean, Banks are going to accept cryptocurrency because they are understanding the value of the Cryptocurrency.
So, those will work together in the near future everywhere soon.