for the moment the Bank is still standing upright, then how is the continuation of the bank if Crypto already stand alone and in the public know so that in use fully and all countries wear it. is there going to be a temporary panic in the financial world? .... and all the banks in every country collapse is that what will happen hopefully there is no market panic
Banks will collapse?I dont think so yet this thing is very an impossible thing to happen and i cant really think off that crypto would really comes to a point on where it would able to stand on their own.I would like to ask on where bitcoin or cryptocurrencies do get their value? Its still on local fiat.It might progress and develop but wont really coming to a point on where they would become independent.
Imagine, you transact without a bank as an intermediary or Peer to Peer (P2P). It's certainly faster and cheaper without the number of outgoing costs, is it? This is the advantage of Blockchain's technology in Bitcoin and cryptocurrency.
Blockchain technology is like a cash book that records transactions that occur which then spread to the P2P network. Anyone transacting using Bitcoin or cryptocurrency automatically becomes part of the network and has access to view transactions. so in my opinion Bitcoin will tear down the Bank so why Many central banks in the world Panic
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