Traditional banks in the crypto economy of future

[Btceth01]

We can see that now all the traditional banks have started trading in this cryptocurrency through various means.  In our country, some cryptocurrency currencies can be transacted through banks.  In future we will be able to transact through this cryptocurrency bank. Booth mobile banking and all banking services will be available in cryptocurrency.

[Tanimariya]

Cryptocurrency transactions are a normal part of traditional banking. Traditional banks play a role in facilitating transactions in cryptocurrencies. Cryptocurrencies around the world have many meanings. I think bitcoin transactions will be the most common in traditional banks.

[debra]

Yeah, everything needs to change. Although in this case, we have that kind of difference, traditional banks may be too old to compete with the crypto world However I don't think that they will lose it. I am sure that this condition will really make the traditional aware of technology and its development.

[tonymillions84]

i think we will see more cohesion and collaboration between stablecoins and fiat money in the future. we might see more of usdt and other rest been accepted as digital currencies. recnetly, visa has choose to partner with usdc to create a credit card for usdc. this shows that crypto has gained the adoption it craved for.

[Dociko]

I think traditional banks are important for various projects around the world. libra will be much more important. If the transaction is done through traditional banks. Cryptocurrency currencies are much more popular in traditional banks. Especially Bitcoin.

[Noverteno]

Someday when the Digital Yuan from China really reaps success, I'm sure many traditional banks from other countries will follow in China's footsteps. So that more and more stable coins will appear that will color the Crypto market.

However, the digitized currencies of the central banks of states are associated precisely with the work of traditional banks.  Therefore, traditional banks, in connection with the emergence of cryptocurrency and stablecoins, will only slightly change their priorities and style of work, but will continue to function successfully.  The banking system has more than once proven its vitality because it is directly supported by states.

[Delgboke]

I see that cryptocurrency is there to correct errors in the banking system in many things the traditional bank may not be doing well so it was believed that any money in the bank loses value because you pay for almost every transaction but it seems good when you invest in crypto banking system that gives you return of investment.

[Master107]

We can see that now all the traditional banks have started trading in this cryptocurrency through various means.  In our country, some cryptocurrency currencies can be transacted through banks.  In future we will be able to transact through this cryptocurrency bank. Booth mobile banking and all banking services will be available in cryptocurrency.

The adoption of PayPal is a great open door opportunity to be witness by big compani around the world. Of course they know what is new in PayPal so they will observe the result. Once PayPal successfully reach the highest peak on profit, some companies will dive into crypto and do the same as PayPal.

Some day banks will become involve in this scenarios where money is the center attraction. Banks will formulate new approach to adopt the new method of crypto finance.

[Alcor]

Do you think traditional banks will be completely wiped out in the crypto era?

The cryptocurrencies future holds a certain measure of success and that will sure give big impact to the traditional banks globally. But I believe that such impact in the future is like a coin holding two sides. Which means it could weaker the other side of traditional banks while it could be the lucky charm on the other side by pushing them into grand innovations.

Of course, cryptocurrency will greatly change the current system of finance, however, states will still generally keep the circulation of cryptocurrency under their control.  It makes no sense for cryptocurrency to compete with states, this competition has no chance of success.  Therefore, traditional banks as part of the state system of government will exist and will change under the influence of cryptocurrency as far as this state allows them.  However, it should be borne in mind that the state is a set of officials in power and their views also change under the influence of new changes.

[Galley]

Traditional banks are not going anywhere.  Cryptocurrency has already entered our life, and banks, as it were, are also part of our life.  In any case, they will have to change their financial strategy under the new conditions.  This will not happen immediately, the cryptocurrency will be brought to such a framework that will completely suit those in power.  They will not allow such financial flows to be left unchecked.

[Dociko]

Transactions are very important in traditional banks. If the cryptocurrency is approved by traditional banks, there will be many benefits to the transaction. So I think the user sister should be much more careful. Most banks do not currently approve transactions.

[Lorix]

I think the transactions of traditional banks play a big role in the economy. Traditional banks have a lot of transactions, which occupy a huge place in the economy. So if it is possible to do cryptocurrency transactions in traditional banks, it will be much better for the future.

[Lukasz]

Future exonomy will be more automatised, computerised. Machines are simply  cheaper to employ than humans so the banks will slowly start loosing its place among lucrative business. Banks might just be wealthy peoples association that come for a drink and talk about the good old times

[sampoerna]

To face this era of technology, traditional banks should also be developed by creating and providing more advanced features and also systems to the traditional banks. However, no if it is about the way of competing with other financial system, like cryptocurrency.

[Octoalts]

If I think traditional banks will still be used in this Crypto era, they will only serve FIAT money transactions. Because I think that even though this Cryptocurrency is fully operational, FIAT currency will still be around. And what is certain is that not everyone will use Cryptocurrency to transact or make payments.