500 years ago in northern Italy banking was invented and changed the world. trade was enabled like never before in history. to transport money over time and space in a trusted and reliable way was the business model of the banks ever since then.

this monopoly was granted to them for more than 5 centuries until today.

their business model got eaten by software. bitcoin.
it also gets eaten by fintech/apps
when CBDC are floating around and citizens all have a direct account with the central bank it too will eat the banks.

they have no chance. the fact that they were the masters of the universe for half a millennia puts them into a position that will make it impossible for them to understand what is going on.

in the same way traditional publishers of print news or books got eaten by software, banks will not disappear all of a sudden. 500 years is some huge momentum. it will take decades, but their fate is sealed already.

next time you are talking to a banker enjoy it as if you were able to watch some dinosaurs in rl. bitcoin is their asteroid.