Blockchain and cryptocurrency are integrated into all walks of life to solve traditional solutions with safer and more efficient technologies. Although it is well known that it cannot replace cash, it may have the opportunity to replace or cooperate with traditional banking systems. Blockchain as an important innovation field of financial technology, can it replace the traditional banking system in the future?
Blockchain is not going to replace traditional banking rather they’ll coexist in the future. In theory is makes sense but it is not pragmatic. Think about it for a second. If blockchain supposedly replaces traditional banking, it means that all cash would “disappear” and world would use crypto all of the time for everything which as not possible.