Post
Topic
Board Economics
Re: What's it like to live on crypto instead of Banks?
by
Abiky
on 07/06/2019, 02:14:32 UTC
It is not a possibility any longer, it's now a reality Smiley. One of the most popular banks here in our country already starting to adopt blockchain technology. For more info, check this out.

Interesting. It's good to know that Banks have started to make use of Blockchain technology since they're the ones in charge of the world's finance. Sooner or later, the worldwide economy will adapt towards Blockchain technology allowing us to obtain its benefits in every way. A digital USD or EUR is not far from becoming a reality, since Banks alongside governments have been studying this emerging technology more thoroughly.

While Banks will still be largely dominant in the world of finance, I believe that crypto will never disappear given that it's widely supported and adopted by individuals around the world. Living only on crypto nowadays seems to be a dream, especially when it's unstable in price and not widely accepted by merchants worldwide. But as long as there's the ability to exchange crypto to Fiat, then there should be nothing to worry about.

Now that the Union Bank of Philippines has started embracing cryptocurrency ATMs, I believe that it should only be a matter of time before other banks do the same. With more Banks becoming partners of Ripple and Stellar (via IBM's World Wire Payments Network), it's becoming more evident that Banks will be here to stay for a long time.

Nonetheless, time will tell us what lies ahead for the future of crypto as it's largely dependent on mainstream adoption. Just my thoughts Grin