Can we discuss crypto as an escape route from banking system.
- Thread starter Blessed19
- Start date
Cryptocurrency is used mostly on major platform as a means of payment.
If there is anything that cryptocurrency has done and I appreciate is the ease they have brought to making and receiving payment. I can now work online and receive payments.
Cryptocurrency has give us in Nigeria countries the chance to work online. Imagine PayPal was the only option to be paid online, we would have completely cut off.
The advantages of cryptocurrency over the banking system is well documented as a means of payment and a medium for savings/investment. Holding your financial assets in cryptocurrency would give you the kind of returns that a fixed deposit account cannot give you.
Cryptocurrency I've been juice for payment system for quite a long time and it has pose a lot of threat to the banking system.
The banking system is already threatened by so many factors like cryptocurrency and e banking. But I am sure that the banking system would still survive but it must evolve before it would be able to survive.
