Post
Topic
Board Economics
Re: Will banks go on extinction if they do not adopt cryptocurrencies?
by
free-bit.co.in
on 26/07/2025, 14:56:43 UTC

Obviously, sometimes lf you have encountered a problem with transactions over the weekend that needs you go to the bank to get the issue resolved, especially on Saturdays, you will most likely go crazy seeing that you cannot do anything about it as the banks are closed on weekends, especially in such a scenario like when I was using just operating with only one bank and haven't been exposed to Bitcoin and cryptos, the issue occurred where I went to the market to get some food stuff, I made a transactions with my card and was debited without being paid, and the reversal of transaction isn't working.

But such incidents are rare, do not happen often and I believe they will not cause too much inconvenience or seriously affect our lives.
Similarly, you may also run into issues when using bitcoin and cryptocurrencies. How will you complete your payment if the internet suddenly goes down? Or what would you do if Bitcoin network congestion caused transactions to get stuck for hours or even days?

You see, bitcoin and cryptocurrencies are not perfect either, they have their own problems. So it is best if they coexist and support each other, we do not need to eliminate either one.