Banks must consider Crypto-currency as an opportunity, not as a threat.

[sotoshihero]

They fear crypto because if cryptocurrencies replace fiat then there will be no use for banks. If i am a crypto holder why should i give the bank a share in my cryptos by keeping it when i myself can keep it safe in crypto wallets? Of course they fear this threat and i am sure even  right now it already affecting them.

But banks cant control it, I mean the bitcoin and  altcoins. They cant charge for profit in the transaction fees. Your cypto wallet is almost the same as bank where you have the control of your crypto assets. This way bank is threatened and if more people are into crypto, more banks will be closed. They should start to innovate and offer more services that caters or use and incorporate blockchain technology.

[richardsNY]

But banks cant control it, I mean the bitcoin and  altcoins. They cant charge for profit in the transaction fees. Your cypto wallet is almost the same as bank where you have the control of your crypto assets.

You completely discard the fact that the bank can control your funds, and that it can force you to pay whatever fees if they think it's needed. If we look at how the far majority of the people use and store Bitcoin, then it's safe to say that they prefer to make use of centralized services such as Coinbase. Nothing in the world prevents traditional banks to offer exactly that what Coinbase offers to people, where if you think a bit further, they have more capabilities and liquid resources to push their operations to a far higher level. In easy terms, just like how people's wealth is stuck in the traditional financial system, a lot of people's crypto holdings is stuck in centralized services such as Coinbase.