Traditional banks in the crypto economy of future

[Mexite]

It's a tall dream to think that traditional banks would be wiped out, it's like saying that central governments will be wiped out. Government controls the finances of the masses through the traditional banks. I only think that with the rate at which crypo keeps innovating and expanding, it will compete and coexist with traditional banks, which may be forced to support some cryptocurrencies in the future.

[Fakhrulenclix]

It's a tall dream to think that traditional banks would be wiped out, it's like saying that central governments will be wiped out. Government controls the finances of the masses through the traditional banks. I only think that with the rate at which crypo keeps innovating and expanding, it will compete and coexist with traditional banks, which may be forced to support some cryptocurrencies in the future.

This is good and I agree that Traditional banks and crypto will coexist. And I think we can't invest in crypto without help from the bank feature. "Bank will support some crypto" this makes sense statement

[ayatoslaw]

It's a tall dream to think that traditional banks would be wiped out, it's like saying that central governments will be wiped out. Government controls the finances of the masses through the traditional banks. I only think that with the rate at which crypo keeps innovating and expanding, it will compete and coexist with traditional banks, which may be forced to support some cryptocurrencies in the future.

Yes, that will not happen, it is impossible for banks to be easily replaced by cryptocurrency, after all the country needs a centralized economic system, so that the government can monitor state finances.
Cryptocurrency was born just to make transactions easier, not replace banks, because people also need banks to store their FIAT money safely.

[Arendra]

I've heard a lot that these traditional banks will make their own coins sometime in the future. And I am sure that if this happens, then of course crypto will be more advanced and more so.

[ashraf786100]

Traditional mushrooms play a bad role in the economy. Traditional banks are very popular in the overworld. Cryptocurrency is gaining more and more popularity among the world's traditional banks. Traditional banks can handle a variety of cryptocurrency or bitcoin transactions. However, cryptocurrency transactions are possible in some traditional banks.

[TOP_ETH]

I don't know in the future traditional banks will close or not because some people don't know Crpyto but on the other hand it's actually good crypto because the future is financially free

[Seerge]

I don't know in the future traditional banks will close or not because some people don't know Crpyto but on the other hand it's actually good crypto because the future is financially free

What is certain is that Traditional Banks will not close even though Cryptocurrency has really been made the legal currency in every country, because after all paper money will not be destroyed and we will still use traditional banks to withdraw and send banknotes/Fiat.

[Gyrgen]

Traditional banks will not go anywhere and will still exist. It is naive to believe that the world economy depends on the release of some kind of crypto. Not a single Facebook produces a real product with added value. So the Facebook token does not carry any technology, but only an attempt by the owner play in the king.

[Freemind]

I don't think it's very difficult to see the logical next steps for traditional banks. The first thing they will do is change their public opinion about cryptocurrencies, then they will say that crypto is the future of the economy, and then, as some banks are already considering implementing, create custody funds for our cryptocurrencies. Scavengers know how to fly in the direction of the air and their economic interests.

[I-Bit]

Whatever condition, if the traditional banks are backed and supported by the government, they will never die and will always exist. And they will always get the chance to use the developing technology. We may probably be going to find that the banks will also use blockchain technology for their systems and this is great.

[Rafiq]

The use of cryptocurrency is increasing day by day even though the financial system of the world is run by traditional traditional banks. If this cryptocurrency continues to grow and spread to all walks of life, traditional banks will no longer function and will eventually collapse.

[tervel]

The established banking system can flex and adapt to cryptocurrency. Should be accept financial crypto monetary systems or to continue with inaction that will bring them down. It all depends on the banking policy whether they will continue their development.

[Pheonyx]

Saying wipe out is equal to annihilation which is a total disappearance of traditional bank. I like the idea of crypto but I don't think bank will be wipe out but rather it is more relevant to think that there will be a massive enhancement in traditional bank adopting the new system of crypto industry.

[Freemind]

@Pheonyx I think the same as you. I don't like traditional banks at all, but they are necessary. Many parts of each country's economies travel through traditional banking and I don't think that many governments are going to change that in a short period of time. We must also bear in mind that there are people who will never approach cryptocurrencies, due to distrust, fear or because they prefer what they already know.

[indexx]

One day I believe that this traditional bank will be able to make their own coins. Because indeed this is very profitable for traditional banks to add products by making their own coins.