How is crytpocurrency changing the banking system?
by SMEBOOK (admin) · October 18, 2020
Cryptocurrency has led to a disruptive shift from traditional banking towards crypto banking. Cryptocurrency has the power to eliminate all the setbacks of traditional brick and mortar banking. With all its potential, crypto banking will soon be a widely accepted trend in the banking sector. Cryptocurrency aides banking systems in the following ways:
- Decentralisation reduces government induced regulations 2 No bottlenecks due to Third parties or middlemen
- Extremely low transaction fees
- Secure transaction system
- No global barriers