The creation of blockchain came with possibilities and predictions of a future where intermediaries could be eliminated entirely. It is capable of executing millions of transactions within seconds at a lower transaction cost and requires no centralized authorization.
With the blockchain trend going on as strong as the moment, is it possible that blockchain will replace banks any time soon in the future?
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https://www.hb-wallet.com/post/2018/12/20/can-blockchain-replace-banksWell, banks are the traditional way of investment. We can never expect that everyone would adjust easily to blockchain. Considering the fact that blockchain is not yet well known by everyone, we cannot expect everyone to agree that blockchain would replace banks. Although blockchain is way more better than banks, its legalization is still a huge problem for its acceptance by the public. Blockchain is still innovating and it still needs time before it can have its perfection to be accepted by the world government so let us stay patient about it.