Considering that most people nowadays often find it hard to store and protect their cryptocurrencies, it's best to delegate the responsibility to a middleman. A bank of crypto would fit the bill nicely, as people would be able to secure their cryptocurrencies without ever having to follow the necessary precautions to prevent hacks or theft. As long as the bank of crypto is highly regulated by the government, then it'll be here to stay for a long time. Still though, not everyone will agree to this as it greatly defeats the whole purpose of crypto and Blockchain technology. The idea of a bank providing crypto services would only prove to be viable for newcomers into cryptocurrency. People who're experienced in crypto, wouldn't need this in the first place.
Nonetheless, do you think that a Bank of Crypto will happen anytime soon? If so, why?
Nonetheless, do you think that a Bank of Crypto will happen anytime soon? If so, why?
I believe that the emergence of a bank for cryptocurrencies is more likely, since the governments of all countries do not like this whole idea with anonymity. And since the crypto community wants cryptocurrencies to be recognized in the world, then they will have to play by the rules of the powerful. On the other hand, the heads of state understand that there can be cryptocurrencies and they themselves can strive to create crypto banks in order to maintain control.