For now we cannot eliminate banks in the world. Banks are needed to ensure that our money and other assets are store and kept. More people believe in banks than in crypto since this is new. People are knows the systems of banks rather than crypto.
i think so. despite the rapid growth of cryptocurrency, i dont think the government will let the bank disappear, because it will disrupt the stability of the world economy. let alone for now indeed trust of the bank is still greater than cryptocurrency
Yes, I agree with you. The role of the banking system on the world not only help the government, companies have money for investment or simply help the people keep money safe. The bank need that amount to control the volatility of FIAT's value on the world. Just a small changes in the value of FIAT can make the world become panic. Example USD and Euro. Both currencies can not hange higher than 10%/day.
It is also the obligation for every government to maintain their currency's value from another country. With each country's bank who got the duty to track down the price movement, so its price could be maintained not too far down or too high.
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