Post
Topic
Board Altcoin Discussion
Re: Will crypto banks replace traditional banks soon
by
bhooscream
on 30/01/2023, 22:23:13 UTC
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
NO.
It is too early to do that. Even if it is probably, it needs very complex and will face very difficult situations. The chance is very small to replace traditional banks. As we know, traditional banks or banks are not as traditional as we think. They are right now also developing their best features, they have also digital money and also online mechanism to access the bank account. So, we can still do many things to our bank account by online, not always visiting the bank offline. They are controlled by the government and I am sure that government will never let to be replaced by crypto banks. Banks will commonly need regulation. And if you mean the decentralized exchanges, as we know, not all people are closed to this crypto business. Although there may be a huge development of people who know and interact with crypto, it doesn't mean that the purpose is to replace the banks themselves.