WHY CRYPTOCURRENCYS IS A BETTER BANKING SYSTEM THAN THE BANK ITSELF
Well I cant say banks has no importance,in shot the importance of banks in every country can not be over emphasize.over the years banks has helped in the development of every country both financially and economically,it has also help providing more jobs to the citizens of any country.banking has a very old history since it has been in existence for a very long time.banks has aided in the smooth running of both individual and government accounts.
Despite all the goodies that is been offered by the bank, I am still not sure if banks are the best way to build a financially stable individual and a stable economy.when you take a deep look at the operation of banks it will be very logical to conclude that they are not really helping in raising the standard of living financially as most of the time government has to interfere in their activities.al the banks does is to help save your money and treasure and carry out businesses with your money which in return you are given nothing.in shot even while your money is still sitting in the bank you end up paying some charges which at end you might not get the exact amount you deposited in the bank.now the question is has the bank really been helpful like cryptocurrencys.
You might be wondering y I said cryptocurrency is a better banking system that the bank itself.the reason is that crypto is argueably just twelve years old and when you look at the effect cryptocurrency has had on people around the world, it is really tremendous.one of the major reason why the government of Nigeria decides to ban cryptocurrency activities in the country is because they see cryptos as a hindrance to the growth of the banking system because people prefer to invest their money in cryptos rather than put their money in the bank withouts yielding any return.
The level at which cryptocurrency currency has empowered people financially can not be over emphasize.crypto has given a lot of people hope to live.on my own part,few years ago I was financially down and need money to sort out some things I tried getting lone from my bank but the process and the collateral they were demanding for was really too bogus for me so I had to back out.i have always said it that I got to know about cryptocurrency two years ago and I started investing in cryptos last year within last year alone it has been a different story entirely.this is one big reason why cryptocurrencys is a better banking system than the bank itself.
Investment in cryptocurrency guarantees a better return than putting your money in the bank.i have this friend of mine who has $10,000 in the bank for five years and all what the bank could yield him was just 10% for the whole five year's that his money was sitting in the bank.i am very sure if that money was invested in cryptos he would have been many time richer than he his by now.
In a nutshell I see cryptocurrency replacing the banking system in time to come because people are in search for a better means of making money and meeting up with demands and cryptocurrencys actually has all the elements need for a better future than the banking system
