Banks will die crypto will take over in 5-10 years
Banks would never die as long government do exist and come to think that it wasnt even possible even on my dreams on having a society thats been ran
on a decentralized manner because it would just basically wipe out the true existence of government in the first place if ever that thing happens.
Taking over is something is really impossible to happen.We cant deny that there are services we do really need on a centralized network.
I agree with this. As long as the government exists, banks will not disappear and especially the government will not allow crypto to take over banks unless the bank uses cryptocurrencies. Because banks pay a lot of taxes to the government.
Not all banks are very personal asking because they also know that all their clients have privacy, if someone already has an account with a bank they are no longer there to ask questions or interview their clients. Unless the person who's asking you is interested in your personal life, bank staff do not have to ask their client sensitive questions. Before you open a bank account, you need to pass the requirements and they have a form provided for your information so that they will know what a person's source of income is.