In short, the answer is no. Banks and crypto are not opposites, but they have different purposes and ways of working. Banks are traditional financial institutions that provide services such as savings, loans, and money transfers. Crypto is a digital currency that uses blockchain technology.
There are some potential conflicts between banks and crypto. For example, banks are concerned that crypto could reduce the use of fiat currency and reduce their revenue from services such as credit cards and loans. Additionally, banks are concerned that crypto could be used for illegal activities such as money laundering and terrorist financing.
However, there is also potential for collaboration between banks and crypto. For example, banks can use crypto to improve efficiency and reduce costs. Additionally, banks can use crypto to provide new services to customers, such as loans based on crypto assets.
Here are some examples of potential conflict and collaboration between banks and crypto:
Conflict:
Banks are concerned that crypto could reduce the use of fiat currency and reduce their revenue from services such as credit cards and loans.
Banks are concerned that crypto could be used for illegal activities such as money laundering and terrorist financing.
Collaboration:
Banks can use crypto to improve efficiency and reduce costs.
Banks can use crypto to provide new services to customers, such as loans based on crypto assets.
Ultimately, the future of the relationship between banks and crypto is uncertain. However, it is clear that both will continue to evolve and influence each other.
Additional thoughts:
It is important to note that the relationship between banks and crypto is still in its early stages. As both technologies continue to develop, it is likely that we will see new and innovative ways for them to work together