Will BlockChain Replace Traditional Banks in Future?

[BattleAxe1]

There seem to be a standstill in the recent crypto market as investors patiently awaits the bull run. However, I can clearly point out that there are numerous ways to explore crypto projects especially before they get listed on exchanges. It's something I intentionally explored like taking part in token presales, airdrops, Pre-Market trading as well as Launchpool and Launchpad events on crypto exchanges.

I'm amazed at the different user centric and frictionless lending protocols available that's helping to onboard the masses into the DeFi space.

Imagine ZeroLend that's currently trending is a lending protocol within the zkSync ecosystem, their poist for transparent and secure borrowing and lending of digital assets makes for my amazement how blockchain is alternating traditional finance. It makes me think about the Future of blockchain. Will BlockChain ever replace traditional banks?

[MrSpasybo]

There seem to be a standstill in the recent crypto market as investors patiently awaits the bull run. However, I can clearly point out that there are numerous ways to explore crypto projects especially before they get listed on exchanges. It's something I intentionally explored like taking part in token presales, airdrops, Pre-Market trading as well as Launchpool and Launchpad events on crypto exchanges.

I'm amazed at the different user centric and frictionless lending protocols available that's helping to onboard the masses into the DeFi space.

Imagine ZeroLend that's currently trending is a lending protocol within the zkSync ecosystem, their poist for transparent and secure borrowing and lending of digital assets makes for my amazement how blockchain is alternating traditional finance. It makes me think about the Future of blockchain. Will BlockChain ever replace traditional banks?

During the bullrun 2017, there was widespread expectation that crypto-banks would soon replace traditional banks. However, this has yet to materialize, and traditional banks continue to play a vital role in the economy. While decentralized lending services like Aave and Alchemix have gained popularity, their user base remains relatively small compared to that of traditional banks.

In my view, lending/borrowing protocols in the crypto market primarily serve to accelerate the circulation of capital and increase the overall amount of capital available, similar to the use of financial leverage, which contributes to strong market growth. However, the lack of user trust and the absence of a robust collateral mechanism continue to hinder the widespread adoption of these protocols. As a result, traditional banks are likely to remain the preferred choice for most individuals and businesses.

[AvatarSiri]

There seem to be a standstill in the recent crypto market as investors patiently awaits the bull run. However, I can clearly point out that there are numerous ways to explore crypto projects especially before they get listed on exchanges. It's something I intentionally explored like taking part in token presales, airdrops, Pre-Market trading as well as Launchpool and Launchpad events on crypto exchanges.

I'm amazed at the different user centric and frictionless lending protocols available that's helping to onboard the masses into the DeFi space.

Imagine ZeroLend that's currently trending is a lending protocol within the zkSync ecosystem, their poist for transparent and secure borrowing and lending of digital assets makes for my amazement how blockchain is alternating traditional finance. It makes me think about the Future of blockchain. Will BlockChain ever replace traditional banks?

I think both can coexist together, Blockchain can't replace traditional banking imo not now probably in the future. Though Blockchain could make traditional banking more efficient & more secure. Couldn't find much about Zerolend, but I found it trading here. Is this the project?

[BattleAxe1]

There seem to be a standstill in the recent crypto market as investors patiently awaits the bull run. However, I can clearly point out that there are numerous ways to explore crypto projects especially before they get listed on exchanges. It's something I intentionally explored like taking part in token presales, airdrops, Pre-Market trading as well as Launchpool and Launchpad events on crypto exchanges.

I'm amazed at the different user centric and frictionless lending protocols available that's helping to onboard the masses into the DeFi space.

Imagine ZeroLend that's currently trending is a lending protocol within the zkSync ecosystem, their poist for transparent and secure borrowing and lending of digital assets makes for my amazement how blockchain is alternating traditional finance. It makes me think about the Future of blockchain. Will BlockChain ever replace traditional banks?

I think both can coexist together, Blockchain can't replace traditional banking imo not now probably in the future. Though Blockchain could make traditional banking more efficient & more secure. Couldn't find much about Zerolend, but I found it trading here. Is this the project?
[nofollow]

That's it! Well, you have a point there, traditional bank may not replace the traditional bank for now but I guess it's a possibility for the future. You seem to have followed the project, right? It's worth looking at.