Where do you currently leave your funds, your bank account or your crypto wallet? When last did you visit your bank? Technology is fast rising leaving the traditional banking sector in a dark alley, they are currently being beckoned on to join the trend, we only hope they adhere to the calling because the crypto market is getting bigger and bigger making it harder to push away. Over the years the banking sector has made lots of actions that has left the public angry and complaining wishing they had a better alternative, remember those cashiers you'll be needing to be in a good mood in order to answer to you properly and politely. You could just wake up and you can't access your funds for any silly reason, maybe rain fell thereby messing with the server, or the bank is currently not disbursing due to internal issues. You have to hope for your mobile transfers to get through, not caring if it takes an hour. Its crazy.
Miraculous an abode gift surfaced, one completely decentralized, now who is in charge? You are an 100%, needing no necessary documentation to access your funds, no government taxes or bank charges giving you a heartbreaking debit alert. You control how you want to move it, where you want to move it too and when you want to move it, completely up to you. Need I remind you that your savings are also invested by the bank, oh you weren't aware? Now you know, so why not be your own financial expert and invest your funds yourself, its all risk right, it's the game for profit, or yet better still if I don't want to take the risk, why not save in a stable coin just like saving in the bank, just this time in your crypto e-wallet, for example the usdt.
P2p is a strong weapon, powerful enough to push the banking system yet to a great ordeal. It's the area the banking system has been serving as a middle man for ages now, basically its all that trade is centered about, yet before currency was in place, trade by bater was an ancient way for a successful trade, in short trade by bater is the ancient description to peer2peer, if you want maize and you've got oil, what do I do, I ratio my maize to your oil in terms of market value, of course you won't be given me the full jar of oil for a maize, its crazy, so they both have got to be equal in value not in weight, that was the early days. Yet today we need to get our funds to another individual still in exchange for another commodity, and the banks has been serving this role so its seems the crypto space can't overthrow them in that aspect. Well let's see. P2P!
Recently saw a wedding video online, where a married couples were both having their dance and there was another Lady holding up a Qr code so the well wishers could make their donations instead of the causal spray of money, what really captured my attention was not really from the Qr code lifted, it was the number of people queuing to get a snap of the code so they could make transfers, I was filled with excitement of course the world the getting evolved, and it won't be taking pity on any who is not ready to hop on the ride, if the banking sector won't find a way to make this change work for them, undoubtedly it's a matter of time before they would be struggling to keep up with their expectations.
Malls and shops are fastly introducing crypto as an accepted currency in exchange for the items demanded, though many contemporary traders would still prefer the national currency to tokens, we know it is only a matter of time, because such problem is more prone to the older generation, to whom the handling of this blockchain technology is a little strange to them, even if they get by with accepting the payments, they still wouldn't get the full functions which might not be too favourable, cause they might be guessing the value in it last week or yesterday would still be the same value by today or next week, but there have been a slight dip or pump, maybe not for the stable coin, yet its best advisable that one understands this blockchain technology to a good extent before diving in.
No doubt the banking sector is still of great use today, especially with the back up of their great ally "The Government", the government would not fold hands and see the banks take a fall, they are surely going to keep implementing policies to drive the public back to the previous mode of operations, so they could keep getting the revenues cut, getting taxes, keep an eye on peoples asset and how they use it or move it. The banks help the government stay one step ahead, and of course no one is prepared to lose their throne, so the fight continues.
The blockchain transactions being untraceable, and nonrefundable is an area that has made it prone to fraudulent activities and to this the government stand a claim against, yet the good outweighs the bad, truthfully before the advent of the block chain, money laundering was still done, with many cases yet untraceable, so rather than fight against this good a technology, let's look for better ways to get involved and see better alternative to the said drawbacks.
My bank account has been quite dormant compared to my blockchain wallets, which makes up most of my daily activities. How is yours? The crypto waves is too big, its looks like its about to overflow, would the banks be standing in the way? Would the banking sector get overthrown? Hmm.
#Logistics with the logic
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