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Author Topic: Will crypto banks replace traditional banks soon  (Read 646 times)
uneng
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May 01, 2023, 05:32:40 PM
 #101

"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.
A generation of young talents like SBF from FTX, for an example? That is what they promise, but what they deliver is very different... Wink

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
Like the scammer Mashinsky from Celsius promised to his customers. These are all empty proposals. Unfortunatelly, without a centralized body regulating and protecting customers through rules applied to entrepreneurs, crypto banks will end in scandals.

Without such rules the only alternative is that each crypto enthusiast keeps personal funds under his personal custody. Since it's not going to happen soon, I don't think crypto banks will replace the traditional ones.

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May 01, 2023, 08:21:07 PM
 #102

"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

Dubai banks performed well in this aspect. There, a separate sector of the crypto market is dedicated. Even against the background of the growth of bitcoin in 2017, the sheikhs saw a real prospect. But despite this, the global banking system is not yet fully ready for a full transition to crypto.

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May 02, 2023, 10:15:45 AM
 #103

"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


The financial landscape is changing at a dizzying pace, and crypto is definitely a game changer. With the emergence of blockchain technology and decentralized finance (DeFi), traditional banks are facing stiff competition and it is not surprising that the younger generation is demanding more choices and flexibility when it comes to their finances.

I think the truth is we don't know for sure what will happen in the future, but it is clear that crypto banking is on the rise. As the saying goes, "adapt or fall behind." So traditional banks better start their crypto game if they want to keep up!
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May 02, 2023, 10:34:31 AM
 #104

"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

Dubai banks performed well in this aspect. There, a separate sector of the crypto market is dedicated. Even against the background of the growth of bitcoin in 2017, the sheikhs saw a real prospect. But despite this, the global banking system is not yet fully ready for a full transition to crypto.
I must be missing something. Can you explain to me how a crypto bank would be different from a normal bank? I understand that the principle of any bank is always the same - deposits and interest on them, loans and other things. But after all bitcoin and cryptocurrencies were created to avoid banks. Not your keys - not your coins.
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