As we all know it's hard to talk about cryptocurrency without examining how how it shakes the world of banks and traditional finance. for years now banks have been the place where we go to keep our money safe and they also hand all our transactions. But cryptocurrency have come to show us another way that is safe, cheap, fast and more open compared our traditional banking system.

LESS EXAMINE HOW CRYPTOCURRENCY IS SHAKING THE WORLD OF BANKS.

1, the existence of cryptocurrency has brought a new kind of competition, as people start using cryptocurrency our traditional banking system start feeling pressure. Banks are now been force by the existence of cryptocurrency to think of improving their services to keep up with the fast pace of digital currency. It is so funny that some bands are now exploring Blockchain technology just to their quicker and secure than before. to tell you guys how competitive things are banks, they are offering their own digital currency to their customers. And one thing I like about this competition is that it's pushing our traditional banking system to innovation and improvement.

2, another significant change cryptocurrency have brought to the table is financial freedom and privacy which is another treat to our banking system. With cryptocurrency you have control over your money and you can also make transactions without asking for permission from intermediaries. this also can be empowering if you ask me, especially for those individuals who live in areas where the financial system is unreliable, less say places like Nigeria for example our financial system is unreliable. Cryptocurrency also offer privacy which is very important for Many individuals in today's digital age.

3, the ripple effect in the global market, cryptocurrency is dragging our traditional banks up and down to adopt new technologies, because when banks and our traditional institutions adopt New technologies the effects will felt worldwid. But that's by way, cryptocurrency is already making it easier for people in one country to do business with in another country. And we all know this can result in more interconnect in the global economy where money can travel freely and faster and can boost the economic growth and bring people together in a world that is becoming digital everyday.

4, cryptocurrency is also changing the role of banks, as we all know banks had been for long an intermediary between people and their money, which they also take their own cut of every transaction, and banks also control their funds for them. But now cryptocurrency has challenged this model of banks by allowing individuals to send and receive money directly to one another without any intermediaries. As people see the benefits of this direct approach, the role of our traditional banks may change significantly no doubt.