Don’t use bank: Why! We all know bank is a very good investment! You get zero risk while you get a stable fixed deposit income! But why don’t use bank? Because we’re all fooled! We getting so poor today all due to bank! It’s bank fault! We’re all in huge debt!
Well whether it’s going to be a doom for central banks or not is what I don’t know, but what I know for sure is that banks can’t stop cryptocurrency. Just take a look at what happened in Nigeria as an example, how their Central bank banned Bitcoin and tried to stop people from trading Bitcoin by blocking accounts that are traced to crypto activities. Well, did that put an end to the trading of cryptocurrency? Nah, that never happened, instead it got stronger, people are now making use of decentralized exchanges and the government are the ones that lost.
This way I expect people to ignore central banks of their countries regardless of stand of their government against cryptocurrencies. It means people will stop depending on banks and may start living a cashless life just because of cryptos.