The impact and influence of cryptocurrency on the traditional banks
The traditional banks can be traced back to the Renaissance era. The first banks were based on the idea of giving out loans.
Banks can hence be said to have their initiative based on giving out loans.
Since the rise of cryptocurrency, the initiative of traditional banks has improved as they compete with
▶️ 3Speak
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I don't think there's been any influence so far. It's not like the advent of crypto has made the banking system any better. It's even worse in my opinion.
It's just that there's is something to compare the traditional bank with. The first bank were focused on loans and now the rise of banks like opay has seen transaction as fast as possible but earlier banks takes several hours.
New banks now want to make transaction fast at the pace of the crypto
How does any of this relate to cryptocurrency?
The reference for Mobile banking
Cash App integrated digital currency into there operation
Nonsense with confidence. Go and get educated, and stop talking about stuffs you know nothing about.
For your own good, you should do proper research before speaking on any topic. I watched the video all the way, and all you said has nothing to do with the title. Your examples are mismatched, your statements are totally incorrect.
Evidence of zero research.
I disagree with everything mentioned here. The baking system is dead. There is no influence whatsoever from cryptocurrency. Stay away from banks if you can. If you're referring to CBDCs, I'm sorry, but that's not cryptocurrency.
Moreover, banking system might not be standard enough because there is scrutiny, there are transaction limits and a lot of uncomfortable legacy. Yet, we should appreciate the changes between the ancient bank and today's bank
So, what does that have to do with crypto?
There has been a great impact as mobile banking has improved the pace of transaction.
Banks now have a lesser fee for transactions also.
Zero relationship to crypto. Kindly research your topics next time before publishing.
It's your opinion, since you didn't see any changes and didn't hear any thing that suit your ears in the video.