Re: Is it possible for Traditional Banks to cooperate with Crypto
DeFi or decentralized finance can threaten the world of traditional banking, because of the shift in lending, even DeFi itself is known to be able to provide loans like other traditional banks.
This can affect existing traditional banks, because there will be competition between traditional banks and crypto in general, regardless of the various problems that will occur, crypto and traditional banks must be able to adapt to each other.
Crypto development is progressing so rapidly, this can be seen from the many users who join here, if Traditional Banks close themselves it is not impossible to be abandoned in the next few years.
Although currently crypto is still very risky, it is not impossible that in the future crypto can change finances, just need to wait for regulations or legal regulations, if this happens, it is certain that crypto will grow and be accepted by many people.
This can affect existing traditional banks, because there will be competition between traditional banks and crypto in general, regardless of the various problems that will occur, crypto and traditional banks must be able to adapt to each other.
Crypto development is progressing so rapidly, this can be seen from the many users who join here, if Traditional Banks close themselves it is not impossible to be abandoned in the next few years.
Although currently crypto is still very risky, it is not impossible that in the future crypto can change finances, just need to wait for regulations or legal regulations, if this happens, it is certain that crypto will grow and be accepted by many people.
I don't see why not. Crypto is open source and decentralized, so anyone can do anything they want with it without restrictions (legally, of course). Banks can leverage crypto/Blockchain tech in order to increase efficiency and reduce costs as much as possible. Some banks already begun offering crypto services to their customers, allowing them to expand their business operations. In the end, everybody wins (banks, governments, individuals, etc) as crypto/Blockchain tech enables true financial freedom. With greater regulations, crypto will flourish like never before. The industry is growing at a fast pace, so it seems that crypto/Blockchain tech will be here to stay for a long, long time. Just my thoughts
