Are cryptocurrencies prepared to replace the traditional banking industry?

[Coin63@]

Yes brother trading banking system are lossing their popularity and goodwill launching cryptocurrency. Day by day people are interested to have some things more to relaxed and easy to use. Fiat is less relaxed and easy to using cryptocurrency.

[tonymillions84]

No, they are not ready. this is because the crypto industry is not regulated. filled with scams and short project with little or nothing to offer. on the other hand, the banks are cashing in big time from it. most exchanges support or allow the usage of fiat to buy and sell cryptocurrencies in their platform.

[Senin]

No, they are not ready. this is because the crypto industry is not regulated. filled with scams and short project with little or nothing to offer. on the other hand, the banks are cashing in big time from it. most exchanges support or allow the usage of fiat to buy and sell cryptocurrencies in their platform.

Under any circumstances, cryptocurrency cannot replace the banking system. She is simply not capable of this. The functions of banks as a system of well-functioning financial institutions are much wider. Cryptocurrency does not have so many functions. The banking system is primarily a financial management system, and the cryptocurrency itself needs to be managed.

[owmivmen]

Crypto cannot replace the traditional bank that we have been using because there are still many that need to be developed for Cryptocurrency. Are people satisfied with crypto technology for now? I think the bank will use the concept that crypto uses to make it easier for users to transact.

[Nestle]

If you can replace the bank, this will make a big impact. But this tends to be impossible because of many inhibiting factors such as many people who do not understand crypto and use crypto. Banks have become an icon to save money or invest.