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 crypto and traditional banking is currency. The two is a form of currency and we needed any of the two to get things done paying for bills and other things. Cryptocurrency is a digital currency we can always trade online with a third party in-between like the regular banking system where the bank stand as a middle man between the person sending the fund and the receiver.
Cryptocurrency has eliminate that need for bank to process our Transactions before the receiver can get the fund. Thanks to Satoshi Nakamoto that was able to make life easier without the frustrations we get from banks asking for different credentials before our funds can be processed.