Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
We cannot conclude yet if having cryptocurrency as the financial market's future would be a good thing but considering the benefits the countries that legalized it gained could be a hint that it could be the saviour of the economic crisis we have today. There are rumors about having crypto banks but I think it would work better if fiat and crypto would just be existing at the same time and work together in harmony, we don't really need to make fiat disappear, we just need it to cooperate with crypto.