Post
Topic
Board Economics
Re: Is it possible to live without banks?
by
finaleshot2016
on 17/09/2020, 20:08:02 UTC
in the future, sure we will no longer depend on the Bank because of DeFi...

yes, I really can do live without banks, but how about family,colleague and friends?
they are dependency with banks, like transfer money for example
for now, it's still impossible to live without a bank because many friends and family still depend on the bank for transfers, savings, and loans.
Let's not generalize things because for sure, some people will srill prefer the traditional way such as banks. Those people who are saving money through banks will still need it. Even there's a lot of technology development and changes in the money world, it will still exist.