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Topic: Will crypto banks replace traditional banks soon - page 6. (Read 696 times)

sr. member
Activity: 307
Merit: 250
Traditional banks will adapt to crypto sooner or later. Some banks are already offering crypto related products. And more to come
hero member
Activity: 3038
Merit: 617

How are they able to beat "the not your key, not your coins" with banks?

It is sort of an objective in crypto that you be your own bank so depositing in a traditional finance system is just not what crypto users are up to. Banks may offer those services but only a few may go to that system. They will need to offer big incentive fore that.
legendary
Activity: 2506
Merit: 1394
I don't agree they will totally replace the traditional banks like traditional banks will be gone on the market.
What I do believe is they will stay, even though there are some new ways of banking like crypto banks, these traditional ones will still stay and there are still some people who are comfortable using them and that's what people want.
jr. member
Activity: 38
Merit: 3
"in just a few years, a younger generation of financial services users are going to into a bank and gain access to create ☑️ credit products, savings accounts and investments that can host both crypto and fiat assets. In fact, the inroads that will allow for all of this to happen are already breaking ground.
...
Consumers will soon define a “full service” bank as one that offers financial services in both crypto and fiat. The time to start acquiring the necessary tools of the crypto banking trade is right now. The world need it.👌Banks need to start adapting or get left behind. So what do we all think about this

Article: https://cointelegraph.com/news/crypto-banks-are-going-to-swallow-fiat-banks-in-3-years-or-even-less
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