The son of Donald Trump, Eric Trump, also the executive vice of the Trump Organization said banks can extinct in 10 years if they do not watch what is coming. I think what he meant is that if banks do not support cryptocurrencies.
He said modern financial system is broken. It is slow. It is expensive. There is nothing on the blockchain that can't be done better than the current financial institutions is working. Banks not working during weekends also not working more than 8am to 4pm which can be a disadvantage to those that is not able to pay money early before 4pm on Friday.
https://youtu.be/cLnNedcVgcU?si=wS2MAylU7I2LFfhCWhat is your opinion about this.
We all using paper money now but a time will come when we could not have to pay for goods and services using paper money, everything will be digital throughout and the bank it's do not have the power to ignore cryptocurrency payment system which is going to be a norm with time.
We have already seen big institutions, banks and government investing and also utilizing cryptocurrency as a payment system. The government is already spending too much money for printing of paper money just for them to be in circulation and the idea of crypto payment system will ease unnecessary expenses in due time. This is fiance revolution that is already in place and will soon dominate every region in due time.