Are crypto currencies' are far better alternative to banks?

[MintDice]

To each his own, but there are a lot of advantages to Crypto that bank cannot provide. For one, local banks close down for holidays in the US, failing to provide financial services to people that could be in urgent need of processing payments. On top of that, cryptocurrency wallets enable users to remain in full control over their funds. There are many other reasons too along the lines of increased security, borderless transaction settlement, efficient payment clearance, and lack of dependence on centralized service providers or entities. 

[biangf]

The industry now has a new kind of general understanding. They all think that blockchain technology can save the cost of back office systems and can save a lot of money when it coordinates the syndicated loans, liquidation, and settlement securities transactions. Therefore, the banking institutions scramble All want to use blockchain technology to implement solutions. At this level, blockchain technology has shaken the traditional operation of the high-end financial industry.

[shijizai]

The industry now has a new kind of general understanding. They all think that blockchain technology can save the cost of back office systems and can save a lot of money when it coordinates the syndicated loans, liquidation, and settlement securities transactions. Therefore, the banking institutions scramble All want to use blockchain technology to implement solutions. At this level, blockchain technology has shaken the traditional operation of the high-end financial industry.

The influence of blockchain is not only reflected in the financial industry, but also in other aspects of society. Blockchain technology, such as tracking image copyright and diamond archeology, can also play an important role. Blockchain technology started with the support technology behind Bitcoin, but now Bitcoin is far from this image.

[yasong]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

First of all, banks have a long history of development and national financial backing guarantees. Therefore, they are worthy of trust. The history of the development of cryptocurrencies is not enough. Banks have a long history and people are not familiar with them. So they are more inclined to bank.

[etron]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

I have seen the difference between the two, it is true investing in bitcoin is a big risk, but here we are controlling with how much we target in taking advantage (financial freedom), and when investing in our money banks those who manage and profit is very small , and the risk is very small, and his income in taxes because the third party to manage.

[dynospytan]

Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?

When it comes in doing a transaction, Yes. digital crypto currencies are more far better than banks. One of the reason is, because digital crypto currency is decentralized, you can track your transaction anytime you want while in bank, you need to go to bank first and ask all your transaction details. But when it comes in security I would choose banks. In digital cryptocurrency, there's a high chance of hacking a wallet.

[foomn2]

I think that banks are a place for a country to regulate and control economic systems, and many businesses need to be handled by banks. Therefore, banks are indispensable in a country, so even with cryptocurrencies, banks are indispensable.

[booet]

Blockchain technology has great potential in the field of identification. Recently, the United Nations and Microsoft have cooperated to provide a blockchain identity system for refugees and other groups without ID cards. Both parties stated that “the application of blockchain in the KYC/AML field can be clearly seen. The traditional banking industry is very costly in terms of compliance, and it is very difficult” so this is a very bank Good choice.

[Jimile]

cryptocurrency is a pyramid that can collapse at any time. of course and banks can go bankrupt but all??? they safer