Great choice of topic @cryptoslicex
hi @conceptskip
Indeed current traditional banking is outdated, but they have resources like noone else does so in my opinion banks will simply adjust their technology and crypto the way we know it will not exist in the future. Or will be very miningless.
Give banks 2-5 years and you will forget about using crypto to send any payments. Banks will simply never die. They will simply adjust. That's how I see it.
Yours, Piotr
Crypto will be meaningless @crypto.piotr? I agree, they have power and will be able to change, but new players and big boys are about to enter, like binance etc. and change the game. It's like with IBM - Microsoft - Google, all have their specific age, still are all around.
you're right @conceptskip
what Im trying to say (with my broken english) is that in 2-5 years majority people may not even understand what crypto and blockchain is. Final users may not even know what technology is behind tools that they are using.
Majority people will still use banks and their services over using crypto. Because of simplicity and the fact that majority people want someone else to be there for them as a middle-man. Banks will probably implement blockchain into their structure and life will go on.
Yours
Piotr
Banks will adapt and the crypto space as we know it will be conpletely differant. Dosent mean banks will be around for ever. They might seem to big to fail but they did in the gfc most went bankrupt and had to use tax payers money to bail them out next time around i dont think they will be so lucky ;)