"in just a few years, a younger generation of financial services users are going to into a bank and gain access to create ☑️ credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are already breaking ground.
Consumers will soon define a full service bank as one that offers financial services in both crypto and fiat. The time to start acquiring the necessary tools of the crypto banking trade is right now. The world need it.👌Banks need to start adapting or get left behind. So what do we all think about this
Even though i would like the idea that banks that are running on the blockchain will replace tradiditional banks, i have a hard time that this will happen in my lifetime to be honest. Back in 2018 or so i took part in an ICO of Mt.Pelerin, this is a swiss project that also had the goal to create a bank that is running on the blockchain and the reasons for that made sense to me. You would have significantly less fees and costs for the bank because everything would work automatically because of smart contracts and the usage of blockchain.
Because it was a swiss project they have to proof that they have a lot of money as reserves in order to be eligible to create a bank though. So it is still in the works at the moment.