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?
beating the banks will definitely possible for the cryptocurrency but there is no use available for that that's why I think the connection between them will be needed for the situation to improve the development of both the normal currency and the cryptocurrency also..