Some dude asked me if Bitcoin could eliminate local banks, I thought of it,
I told him that no
From my own point of view, banks have alot to give more than just money transfers, they offer loans and mortgage, business banking services, costumer service and dispute resolution. So this banks are really doing a good job and I don't think they can be eliminated soon. Bitcoin is not widely used for dally payments yet, so volatile prices makes it difficult to use as a stable currency
I hope I made a good point there
Bitcoin is one thing and local money is a different thing Bitcoin works as an asset where you can invest and profit and it is designed in such a way that you have full access to it and it does not require any second authorization to make transactions. But even though Bitcoin only provides investment opportunities, banks provide various types of services as you said, examples can be loans, fixed deposits, bond sales and many other types of facilities. And banks keep your local money secure. So Bitcoin and banks are two completely different things and these two will always operate in different ways.