In my opinion, the bank should be abolished because the principle of bank work only benefits some groups and disadvantages other groups. Take the case in my country, for example, the interest on loans for small business loans is 17.75% while the interest on corporate loans is 9.95%. A credit application must have collateral while collateral is only owned by rich people and those who can save money in the bank are usually rich people.

I feel that the role of the government is still needed in cross-border transactions as an SOP, especially when each other's parties have low levels of trust. But the role of banks can be replaced by the role of international surveyors such as SGS (General Society of Surveillance).

It will be very difficult to escape from the bank's trap if the community itself still uses bank services to save and borrow money in the bank. Credit cards (relying on bank loans) have become a trend in millennial life now. In addition, banks always innovate to be accepted in all circles and in all situations and conditions.