Do you still believe in banks? I'm not.
There are many choices of payment service methods in this world. And what is clear and certain is that it all ends on the side of using the currency in force in a related area. If it refers to an area then it also applies to the regulations that apply to the area concerned.
The payment system, though, eventually led to the word fiat currency, because currently only fiat currency is recognized in various parts of the world. But the problems that are present are so detrimental, disturbing, and also confusing.
The payment system used also leads to a designated agency where the Bank is one of the agencies that serve and regulates all forms of the financial system model. And until in the world of economics is commonly known as the banking method.
The banking method that gives birth to many services for the use of money certainly has one main goal, namely payment services. So from the service system comes a variety of services that shelter it. With a brand, and all kinds of references and frills of marketing sweet words to captivate the hearts of users.
Services are created in the form of system offerings, branding, and consumers. From here, it becomes clear the various problems that are presented are. From the problem of the system used, efficiency and also protection to consumers. In the context of consumer protection, there are so many problems that arise where basically it is consumers who are actually often and much harmed by services with the banking system used. In terms of security, alertness, delays, and other things that harm consumers.
Crypto was created and exists to answer various kinds of problems from the system that happens in the banking world system. And proves that the crypto payment service system has answered and is the right solution for consumers, especially in the system of using it as a means of payment and using. The blockchain system used in the crypto world is the right solution and answers all the problems that exist in the banking world. But unfortunately, there is still a problem with legality, an area that eventually spreads to the words socialization, learning, perspective, and infrastructure.
From this, banking-based services, which are the basis for the legality of payment, will overshadow the use of cryptocurrency. But unfortunately, the shade only gives new problems that are detrimental to consumers and also cryptocurrencies. Where the problem of delays and the banking system actually complicates what should be made easier.
An example of the problem that comes from everything that ultimately gives an answer to the truth of why crypto is the best service in the method of using payments is where the existence of efficiency, convenience, security, and speed offered by crypto to users does provide the desired results.
The most obvious thing is that time is the main problem in the banking world, and the presence of crypto shows the supremacy of efficiency over time has proven crypto to the conditions that occur in the banking world. Although the world of banking with fiat currency tries to provide an answer by presenting a blockchain-based digital money service that is sheltered by a world financial body. As is known as an example is CBDC ( Central Bank Digital Currencies).
Does it give an answer and be a solution?
Unfortunately not, because the steps taken are still very different from the creation of crypto. Indeed the word digital, blockchain is the same as that used by cryptocurrencies but one thing that is different is the problem of Decentralization and Centralization. Crypto carries a decentralized model of freedom for the independence of the use of money which cannot be regulated 100% by individuals, while the digitality system of the banking world is still centralized.
This role model is still a big gap between the fiat world promoted by banks and the government related to crypto which is promoted by communities from all over the world. The supremacy of the word freedom is the main factor of all things. Where is the language of independence as a value to be felt that ends in the absence of restraints and arrangements that regulate one's rights and obligations.
Maybe I'm also one of those people who don't believe in banks, but unfortunately in Indonesia, it's very difficult to be separated from banks. Now almost all transactions involve banks. But I never save or borrow at the bank, as a form of my distrust of the bank.