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[Balint098]

As reported by Cointelegraph, in the next three years we may witness a historic moment where most or nearly all fiat banks replaced by the crypto ones. As crypto popularity quickly rising and still is, and while younger generation flocks onto it, traditional banks need to think ahead and start including crypto asset in their offering. Kraken, alongside with its business partner Silvergate bank is the pioneer of crypto banking in US, and other banks should follow their steps so that they can keep up with technological advances.

 

[Wisdom01]

Well this is great I think those banks need to start planning ahead because the number of crypto users are increasing everyday and in some years to come it might take over

 

[bitforex22]

but according to some international reports some Asian countries have become the top of list for users to launder money USING GOLD or btc which is a downside as well and that will stay always until there are very strong rules

 

[Balint098]

but according to some international reports some Asian countries have become the top of list for users to launder money USING GOLD or btc which is a downside as well and that will stay always until there are very strong rules

I think it's mostly Russia, China and North Korea that do that kinda stuff. Too bad they don't care about that as long as what they do hurt western countries.

 

[bitforex22]

I think it's mostly Russia, China and North Korea that do that kinda stuff. Too bad they don't care about that as long as what they do hurt western countries.

well I was talking about countries in asia like india and its neighbour countries because laws are such that people get some advantage and they tend to keep their work going on without any breaks or hurdles

 

[Josemendez]

I think that this may not really happen as the government of most countries may not want a system they don't have control over to be in their economy . There can only be more adopters of cryptocurrency

 

[ELSA-ELI]

Yeah it is really encouraging that we are seeing an increase in crypto currency usage and definately it has to be intergrated in the normal banking system.The thing is that no one can take ownership of any liable happenings that can befall as a result of crypto transactions which is totally something that the banks stand for.Not untill these missing gaps are scrutinised and corrected.It's a tough fight to conclude.

 

[George10640]

I think it will work well if they introduce more offices and make more offline services then it can outdo.Cryptos mostly revolves around online services. If they can make to have a good customers service available to people offline, then I agree that Cryptos will achieve that. I think people need a lot of trust with there money and having it online,one can't put his,her savings in there.More campaign should be made to reach out people talking about Cryptos. I think most third world countries which I come from haven't gotten more information about it.

 

[Ewogboka]

The way I see the Crypto currencies emergent in the global economy is that it may not take over banks but set up a correlation just like the way forex does with fiat currency exchange at the moment.

 

[Reznov]

maybe in europe and some american countries, lot of countries still got a lot of challenges and things to apply first before moving to some next generation stuff like this

 

[Ewogboka]

Almost all countries in the world has got lots of things to put in place to suit the Crypto economy such that balance will be strike as regard the traditional currencies.

 

[Shally26]

it may not necessarily replace them but new banks would be built for cryptocurrencies and operations will be just like the normal banks we have and it will definitely start soon. we need it as wallets aren't safe again.

 

[Shally26]

Well this is great I think those banks need to start planning ahead because the number of crypto users are increasing everyday and in some years to come it might take over

exactly, if new banks for cryptocurrencies wouldn't be built , at least sections should be dedicated to it and operations carried out like normal banks.

 

[gammarays]

How do they tend to replace fiat currency when major crypto currencies are unstable in nature. Only stable coins like usdt can be used to achieve that at the moment.

 

[Brain]

This isn't a bsd idea at all, banks need to moves with the times as we all advance technologically.crypto is the future and as such there should work towards accomdatibg it

 

[Onuels]

With the way the trend is going and the younger generation adopting the crypto market more, time is the only bridge.

 

[Wisdom01]

exactly, if new banks for cryptocurrencies wouldn't be built , at least sections should be dedicated to it and operations carried out like normal banks.

That's why there are already banks for crypto and ATM machine in different sections of some countries , and are mostly in tier1 countries

 

[George10640]

The way I see the Crypto currencies emergent in the global economy is that it may not take over banks but set up a correlation just like the way forex does with fiat currency exchange at the moment.

I agree with that point, for sure it will be difficult but diversification is the best thing,again just like traders they are a lot of things to trade in the foreign exchange market and new staff keeps coming.

 

[microunit]

I doubt about this, as there are still a big number of people who are not even educated or aware well enough about cryptocurrencies, and to add also the countries that are against cryptocurrencies

 

[Ewogboka]

People will just have to keep learning about the opportunities and risks involved in crypto currencies because we just have to agree to the fact that if Crypto assets is worth more than $300 billion then it must come to stay.