Quote from: Alphakilo on April 28, 2025, 10:58:51 PM

Quote from: Joy- maker on April 10, 2025, 01:42:24 PM

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.

And that trust would be remaining on intact and this is something that we cant be able to changed up instantly. Lets say that crypto do progress up too much, but there's no way that it could be replacing out banking system. Despite of the negativity and other things on which people been that throwing against the current banking system but still in majority or deep inside we do still that giving out that kind of convenience into our lives as people who do make use of it. Come to think that cryptocurrency based up transactions isnt that applicable to all plus to those individuals that doesnt even know about its existence. There might be some options on which this is good but it doesnt mean that it will be replacing up the current banking system. Being that positive or optimistic isnt that bad but make it sure that it wont be coming into a point that you had that become delusional.

Lets just that go with the flow with the current things that we are dealing into. Instead on trying out to make that kind of assumption about banking system will be replaced. Why we cant just that appreciate about crypto's existence on which we do able to have that kind of benefit when it comes into its utility too but most of the time on where people do become that interested with it will be always be pertaining about into the money making opportunities or simply having that potential on making profits on just simply holding it. Utility will be just that on second preference and the main ones will be making up money on this one.
Banking system will surely stay and we do need up these institutions existence plus government wont be allowing for it to be gone for sure.