Quote from: reliable on September 19, 2020, 06:05:06 AM

This should not be the case as banks employees should not be fearing as still people will continue to operate with the banks and not all of them will come to crypto and considering the risk not many would be even ready to indulge in it. Only thing is that payment or transfers internationally may have a drastic effect rest may get reduce but still will continue to exists.

I totally agree with you my friend.
Bitcoin surely have some additional benefits but it does not mean that people will stop going to Banks. We all are familiar with the different facilities provide to us by Banks. Entire financial system of a country is managed by Banks so I don't think they can become completely obsolete.

I often read threads regarding the possibility of Bitcoin to replace Banks but is it necessary for one to replace the other? According to me both can work simultaneously. We don't want Bitcoin to be legalized so that it can replace fiat or banks completely. We want to use it where the banks or fiat can't be used for example for small digital transactions. Even Nischal Shetty CEO and Founder of WazirX in a webinar gave an example of Ethereum Blockchain where in order to run codes we need to pay via ether which is a cryptocurrency. So the motive is to introduce a new and effective way of transactions where fiat cannot be used. Those who have not gone through this webinar should see this once.Link-:https://youtu.be/anWAdy7haQY.

There are some drawbacks of Banks on which they should definitely work . They should improve their customer service, should charge less fees and should offer some digital services which is the need of the hour. So instead of finding reasons to ban crypto's, they should work on their flaws and let this industry grow.