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.
It was a concern that many have thought that crypto will certainly be able to defeat the banks. But we're getting the picture blurry these days as these banks are also adopting to changes.Banks are concerned that crypto could reduce the use of fiat currency and reduce their revenue from services such as credit cards and loans.
They're just doing the innovation through digital payments and currencies that they govern.
Banks are concerned that crypto could be used for illegal activities such as money laundering and terrorist financing.
But they don't talk about plain cash being used by those activities. 