Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Mr. Allcrypto on February 20, 2024, 10:43:14 PM
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In our society today, global banking systems has played a crucial role in our interconnected world, enhancing economic transactions, providing quality financial services across borders.
The flow of money and the availability of services like wire transfers and foreign exchange has improved the rate of international trade and investment which tend to connect people and businesses from different parts of the world . Hence, global banking systems fosters economic growth and development.
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Well ordinary the banking system was trying their best before cryptocurrency came to and existence and because of the way cryptocurrency serve the world digitally and with it decentralized system everyone became to like it. But the disadvantages of the Banking system is much more higher than the advantages. And because of the central control of the financial institutions, the advance countries use it to oppressed the third world Nations. And if every economy has their power in their domain then every economy would gotten strength in their jurisdiction but because of the international economy structure, some countries economies are very weak but by the right it is not supposed to be like that.