Someday All Banks Would Be Forced To Offer Crypto Services Or Lose Their Customers

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(Edited)

I have this feeling that someday all the banks in the world would have no choice but to either hold crypto and offer crypto services to their customers or stand a chance of going bankrupt when their customers decide that they do not want to save their money in the bank anymore and they will prefer to move the money to their crypto wallets, which will pay them much more better because these days saving more in the bank is risky just like playing or Gambling at a casino due to the high of inflation and how it is affecting the cost of everything and it making the buying power of fiat currencies to reduce in value. so when you are saving money in the bank, stuff like the high rate of inflation that seems to never come back down in my country and the unnecessary annoying bank changes, coupled with the devaluation of my country's fiat currency, these reasons mentioned are the reasons why I personally don't save my money in the bank.

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And I guess am not the only one, so when perhaps many people like me start demanding that banks start offering crypto services or we move our money to banks that offer crypto services or better still move our move straight to our crypto wallets to help resist the full effect of the high increasing inflation. so as I have said when the demand for crypto services by bank customers increases, banks when not have any choice but to either adopt crypto or lose their customers.

Banks and Crypto

In my assumption, I feel like the largest investment bank in Brazil BTG Pactual launching its own crypto exchange called Mynt, it's its own way of trying to tap into the digital assets world and keep up with crypto development that will help them stay relevant and look more appealing to crypto investors, in case they want to save some money in the bank. Mynt the new trading platform of the largest investment bank in Latin America, will enable users to have direct access to bitcoin, placing it among the first leading financial institutions in Brazil to do so. Additionally, the investment bank with over $200 billion in assets under custody will provide educational content for all of its users about bitcoin once users have established an account.

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3 comments
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A logical conclusion. Banks might end up simply as front ends to DeFi platforms.

One might think they are using Chase but it is really a DeFi app with a Chase skin on it.

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A logical conclusion. Banks might end up simply as front ends to DeFi platforms.

I see this happening very soon, crypto is charging everything.

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