Post
Topic
Board Economics
Re: Do you still use Banks ?
by
puloweh555
on 15/12/2023, 17:32:09 UTC
I admit that I still use banks to save my money, and I still use fiat money to buy stuff since crypto is not yet accepted in our place.
Honestly, the use of cryptocurrency isn't fully accepted in our country which is us crypto holders to convert it into fiat and save it in the bank. For now, banks are the best option to keep my funds as I was afraid of keeping them online knowing that hackers have been aggressive at least having it kept in the banks gives me some confidence.
Currently, the existence of banks cannot be separated from everyday life to store emergency funds, to transact daily needs and so on. So I also still use banks because transactions using crypto are not available in my country. Apart from that, my country also prohibits transactions using crypto and even if caught I will be jailed for violating the law.

But the last part I don't agree with you, for me the bank is only for carrying out transactions, but to save money I invest in Bitcoin, there are risks such as hackers, but we can prevent this by using a trusted wallet and always being careful in saving our wallet phase. Because Honestly, it's not just about feeling confident about putting money in the bank. What about the value? Effect of inflation? Like it or not. the solutions provided by bitcoin cannot be underestimated. Time will surely tell how much of a crime banks have committed against us.