- Nov 22, 2019
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Banking is not just about holding your money somewhere.
I know there are other services like loans and all.
Banking is not just about holding your money somewhere.
The question is will governments allow this to happen ?If bitcoin or another cryptocurrency become widely adopted, the entire banking system could become irrelevant. ... Without banks, those jobs disappear, as does the tax revenue those banks and their employees' paychecks generate. Money transfer business would also disappear in a virtual world.
Stable coins (in their next form) will be a big deal I thinkstable coins and defi systems are a hot topic at this moment. They might become in a future an threat to banks.