Post
Topic
Board Economics
Re: Is it possible to live without banks?
by
Kong Hey Pakboy
on 04/06/2020, 03:58:26 UTC
In my place I can't live without bank because my country doesn't let us to use bitcoin as a legal currency. Also, I have to pay my versity fee in bank, my payment from Upwork comes in a bank. So, I'm a having a tight relationship with bank  Grin . I can't ignore bank if I want. Because I can't use my bitcoins to buy anything here. That's the real fact.
Indeed. There are really some countries who don't let us to use bitcoin as a legal currency, that is why we end up storing half of our profit in banks and the other half is in our crypto wallet. We still need banks because even we mostly use cryptocurrency in our transactions we still need fiat to buy our goods and necessities.