Post
Topic
Board Economics
Re: Is it possible to live without banks?
by
Chrystora123
on 27/10/2020, 06:07:51 UTC
Banks is not that important because even if there is no bank people can still live, our ansistors didn't use bank before but they live. Not all people are using bank there are people that choose thier own wy of making profit and invest into crypto. so i think bank is not that important we are not a bank dependent.
we live in today's modern era and each family has children who work or study outside the city or country.  currently, our lives are still very dependent on the BANK, for example;
if you have a child studying outside the city you automatically need a BANK to transfer money to your child, even if you give your child Bitcoin then he also needs a bank to withdraw the funds he gets from exchanging the Bitcoin that you give.

It's not possible now without bank.But,when bitcoin will get legality all over the world, it will be possible by develop bitcoin Wallet and transaction system.That’s will be helpful and safe for user  
true, if the mass adoption of cryptocurrencies has been carried out then we will not need a BANK because money transfers or making payments are sufficient in recognized cryptocurrencies..