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.
I agree. This Covid-19 enhanced the adoption of digitalization due to fear of the Virus getting passed. DeFi sector will most probably be replacing the old banking system that is rotten by greed and personal gains. Freedom by which you control your funds through these protocol is what humanity drives into this evolution. It would be hard to replace the current system due to the fact that Governments are in to it thats why projects like
TheStandard.io is really promising.