In 2009, the first cryptocurrency -Bitcoin-, officially launched and since then has continued to roll into a snowball effect that poses a serious threat to the existence of conventional finance. As much money as the restless World Central Bank, the government seems helpless and dragged into the vortex of the evolution of the world's financial system. The Covid-19 pandemic has become a catalyst for forcing the entry of all financial and banking industry sectors into the digitalization era. Imagine a concept of a world without physical currency. It is strange, but real. Money will be removed and replaced with a digital currency system.
Agreed specially now that the printing spree is making inflation great. I believe it might takes time to be fully implemented but I can see a bright future for it. A future where fiat isn't a thing anymore and all transactions are being done through phones. Where banks isn't popular anymore and DeFi replaced it.
Our hope is to be able to control assets without having to rely on third parties and have to wait for the process, as is the case in banks today to open or close an account it takes time and money, the presence of a bitcoin wallet or cryptocurrencies is the most appropriate answer to eliminate dependence on banks and high cost.