Traditional banks in the crypto economy of future

[Noverteno]

The stablecoin idea of Facebook got stymied by the big players and stuff aint the same again. Facebook has moved on and may have changed direction with its name change to Meta, and maybe a change of business model. But traditional banking would change, for real.

Well, I think traditional bank will adopt crypto technology at Digital era.
We all know , I think Digital era will come, banks and the government should accept digital technology

Banks and government will embrace digital technology, but not decentralized cryptocurrency. States and their governments can allow cryptocurrencies to circulate in their countries, but they will never actively support it. Banks will create their own digitalized currencies, that is, stablecoins of central banks and therefore they will not be interested in cryptocurrencies.
Cryptocurrencies cannot threaten the existence of the banking system as they basically have different functions and methods of solving them.

[therozaq]

By seeing the popularity of crypto currency is increasing day by day
I think bank and government should adopt crypto technology, because crypto is the future technology

[DAMKAR]

By seeing the popularity of crypto currency is increasing day by day
I think bank and government should adopt crypto technology, because crypto is the future technology

agree, I think traditional bank and also the government should allow and adopt crypto technology.
Why they didn't accept until now? maybe the main reason is cannot be controlled.

[Master107]

By seeing the popularity of crypto currency is increasing day by day
I think bank and government should adopt crypto technology, because crypto is the future technology

As far as I know there are banks that already adopted crypto system which is good to serve the high profile people while some banks aren't ready for this innovation. Btw, there are already Bitcoin ATM and some digital wallets support Cryptos and can be trade to fiat currency. Withdraw is important part to feel crypto is real as money.

[Senin]

In the future, banks will not have classical functionality. Already, cryptо is partially replacing banking operations. In addition, it is decentralized and anonymous. I think that the banking system will change a lot in the near future.

Nothing special in the functions of banks will change. Banks will lose some of their customers due to cryptocurrency, otherwise they will have everything as before. Banks as a whole are part of the state system of power and are under the protection of the state. Therefore, they are not in danger. In addition, banks have many specific functions that the cryptocurrency is simply not able to perform.

[Oksana Ksyusha]

I think, in the future bank will use digital cryptocurrencies. And crypto will exist with digital assets. Cash will die soon. Bank system will be modified.

[rizqillah]

I think, in the future bank will use digital cryptocurrencies. And crypto will exist with digital assets. Cash will die soon. Bank system will be modified.

I agree with this, I also believe traditional banks will adopt crypto technology.
Because crypto is the future technology, aas many people said here.

[pambeasely1]

Crypto will do to banks, what Email did to post offices.
change is constant...

[Doctor]

I think, in the future bank will use digital cryptocurrencies. And crypto will exist with digital assets. Cash will die soon. Bank system will be modified.

I agree with this, I also believe traditional banks will adopt crypto technology.
Because crypto is the future technology, aas many people said here.

It seems possible to happen, because ar digital era I think everything will be digital and will be crypto.
Traditional bank will adopt crypto, it will happen soon.

[Fenix]

I think, in the future bank will use digital cryptocurrencies. And crypto will exist with digital assets. Cash will die soon. Bank system will be modified.

I agree with this, I also believe traditional banks will adopt crypto technology.
Because crypto is the future technology, aas many people said here.

Don't expect governments and their banking systems to ever widely use cryptocurrencies. They will exchange cryptocurrency, perform some other non-risk operations with it, but they are unlikely to actively use it. Governments and banks will implement blockchain technology and issue their own central bank stablecoins to replace cryptocurrencies. Decentralized cryptocurrency will mainly remain for individuals and some business structures.

[gurunanakji777]

No, It won't happen traditional bank is an integral part of the finance system and crypto is still very far to replace it even there is not much hype about Facebook Diem. I believe most of the countries will develop their own digital stable cryptocurrencies to transfer to other countries to reduce the cost of transactions but will not depend on the crypto market and will not depend on other cryptocurrencies.

[Freemind]

Crypto will do to banks, what Email did to post offices.
change is constant...

Right, I agree, and you couldn't have found a better example. The way of living, the way of working, everything has changed a lot in the last 30 years, and in the last 25 years it has changed even more thanks to the Internet. Everything must be renewed, and banks are no exception, banks must change their way of working and renew themselves according to the new times, or they will end up disappearing like dinosaurs. All the banks know it, now they have to make these changes very quickly so as not to disappear.

[Jaephoenix]

The only thing dynamic in life is change. Traditional banking services, as we know them today, is going to change. That is the way things ought to be. Change is what is expected

[mahadev]

The only thing dynamic in life is change. Traditional banking services, as we know them today, is going to change. That is the way things ought to be. Change is what is expected

Yeah, I think traditional bank should be changed to adopt crypto at the coming years.
Because They should follow the future technology, crypto

[Freemind]

Don't expect governments and their banking systems to ever widely use cryptocurrencies. They will exchange cryptocurrency, perform some other non-risk operations with it, but they are unlikely to actively use it. Governments and banks will implement blockchain technology and issue their own central bank stablecoins to replace cryptocurrencies. Decentralized cryptocurrency will mainly remain for individuals and some business structures.

There are already governments and banks using cryptocurrencies, especially Bitcoin. In my country there are banks (BBVA) that started buying Bitcoin in 2013, I seem to remember. There are also other banks (La Caixa) that use blockchain technology in private and public projects, and although most banks and governments will use it to create CBCD I'm sure none of them will give up any investment or tax benefits they may receive.