Why we need banks
Banks play a crucial role in facilitating economic growth, by providing financial services to individuals, government and businesses.
Banks also offer a safe and secure to store and manage money deposited in Banks, by reducing risk of theft or loss.
Banks also provide a wiide range of financial services for individuals and businesses, making it easy for them to manage their finances.
Banks are also driving Innovation in financial services, such as online lending, digital payments and mobile banking, which can as well increase financial inclusion and access to financial services.
Banks also provide loans and credit to individuals, businesses and government, enabling them to invest, grow and achieve their goals.
Banks are still one of the oldest financial institutions that people trust because they are backed by strong regulations from the government.
Banks cannot just come up anywhere and begin to carry out any financial dealings. They pass through a very rigorous process before they get approved to render financial services. That makes them one of the oldest and trusted financial institutions.
Older people may not be able to use bitcoin and other new-generation financial services but they sure do know how to use banks and they trust them to keep their money safe too.