Traditional Financial Systems all around the globe are among the most significant critics of cryptocurrencies, amid the emerging possibility that cryptocurrencies can steal a massive amount of market share from banks in the days to come. Cryptocurrencies don’t require any intermediation for processing the transaction; this phenomenon allows digital currencies to complete the transaction in less time with lower cost when compared to banks.
Head of State Bank of India said; “By 2030, traditional banking services could cease to exist with Blockchain. Blockchain can replace all services of banks.”
Though banks are rapidly testing ...
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