Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc...
by bingbong70 on Wednesday April 14, 2021 @08:35AM
(#26806194)
P2P loans already exist and are only becoming more competitive as the market grows. This (Bitcoin) will cause a complete disruption of the financial system given enough time.
You still have that stuff with crypto, just crypto exchanges not stock exchanges.
>What do I need a bank for?
Banks do two main things - taking savings and lend that out as mortgages. Crypto has been no good at part two.
Basically most financial services would still exist if in modified form.