Cryptocurrency will do banks what web2 did not post offices. The saying is already coming to reality. There's no gainsaying that digitization is far better than the traditional systems such as physical banking. More so, cryptocurrency provides a better way to store funds so, why won't it be preferred? I think we will see more banks closing in the near future because their use is diminishing by the day.
It will be wise if some banks shift to operate more online than offline.
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In my view, the big banks will end up being front ends for DeFi. They will be the feeder system of their clients into decentralized platforms. The banks will get a cut since they are dealing with people too lazy (or lack the knowledge) to do it themselves.
But the industry is going to be radically different in 20 years.
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I'll like to see how that turns out in the future.
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