Hello everyone a very good day you all.
So, let’s talk about this interesting duo: cryptocurrency and traditional banking. Some say traditional banks are threatened by crypto’s rise, while others think they’re starting to see the potential and hopping on the bandwagon. Either way, it’s a fascinating dynamic to watch unfold. What do you think? Are they destined for a happily ever after or is this just a temporary fling?
Let me know your thoughts on this.
The relationship between the traditional banking system and cryptocurrencies remains one of the frequently discussed topics on the forum. Opinions among crypto-enthusiasts differ on how these 2 systems will coexist, but they lose sight of the fact that the traditional banking system and cryptocurrencies already exist independently of each other, in principle, without interfering at all. Even steps are being taken to combine these systems (CBDC is their pseudo-hybrid model, more like Frankenstein).
The world is in a constant process of change and therefore, I believe that the traditional banking system must undergo major changes in order to continue to exist. But at the same time, I also believe that cryptocurrencies will not be allowed to
roam freely in the world economy and I am inclined to believe that, as a result, none of these systems will be preserved in their current form, but something similar to the CBDC will be widely used.