Crypto can't challenge banks. They're doing business every where for ppl who need banking services like getting paid & paying bills. Govt's won't let crypto replace banks they need banks to run the economy. It doesn't matter how big Crypto is it won't replace banks.
The role of bank and why we still need them, or do we? Like it or not we still need a bank I mean if the bank itself is fruit that been rotten it already everywhere you still need them even tho the taste is awful.
Well lets say crypto is everywhere the bank system is already here for a thousand of year so we cant just remove it.The conclusion is lets face it bruh like it or not, we dont need them if all bank are collapse but I dont think the bank gonna collapse soon.