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 crypto bank is a very real possibility and most likely it will be realized in the near future. Why? Well, strictly speaking, it is unlikely that someone from the powers that be would have allowed to have non-regulated assets, well, this simply cannot be. In other matters, everything that happened a few years ago and now it is pulling more and more people into the crypto sphere, and in order to increase this flow, you need to bring cryptocurrencies to a higher level, namely, give them free use and offer to store it in a centralized bank. All this looks like a kind of plan that is being realized before our eyes right now. So most likely it's time to take off the pink glasses and think about what to do when the crypto jars appear.