Could digital currencies put banks out of business?

Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.

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Read more of our coverage on Finance & Economics: https://econ.st/3b0g3cs

Listen to Economist’s podcast “Money Talks: the age of free money”: https://econ.st/3eUduK3

Is digital yuan set to transform both Chinese and international banking? https://econ.st/3eYqcYb

Why is Britain’s fintech under assault? https://econ.st/2SxLKDF

Why are American banks experiencing a post-pandemic boom? https://econ.st/2QY7ZCf

America’s upsurge in digital payments https://econ.st/2RrEubS

Why China’s government is cracking down on fintech https://econ.st/3nSU4JB

Can traditional banks survive? https://econ.st/3tp4rWK

Why acceleration in digitisation might re-shape finance? https://econ.st/3nQoVXv

Can banks’ credit provision keep up with capital markets? https://econ.st/3h2LYwI

Why private-credit markets are due a growth spurt? https://econ.st/3xSLcZl

How fintech is revolutionising finance: https://econ.st/3vL2NR4

Can America keep up with the digital-payments industry? https://econ.st/3tlndhL

Should banks worry about losing business to Libra/Diem? https://econ.st/3tusW5a

Why America has too much cash https://econ.st/3h7tj2S

How China’s digital currency will affect power of central bank: https://econ.st/2QZ2jb1

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About the Author: Kevin Radtke

20 Comments

  1. What was explained in this presentation is a Ponzi Scheme. Banks made their own bed with extremely low savings accounts. People put their money into Defi protocols so they can make astronomical gains with their hard earned money. Bank portfolios can't compete with Defi protocols. They made their own bed by scamming people with low interest savings and using people's money to by stocks and barrow against people's yearly income.

  2. Banks are almost obsolete. They are dinosaurs. They being phased out by crypto. It's sink are swim now. They either with the new crypto age or die. They need to invest in stable coins like BUSD, USDT, & USDC.

  3. They suprise me beyond⬆️ my imagination they’ve managed everything well for me which I’m happy about am also impressed with your accuracy and transparency•••

  4. They suprise me beyond⬆️ my imagination they’ve managed everything well for me which I’m happy about am also impressed with your accuracy and transparency•••

  5. They suprise me beyond⬆️ my imagination they’ve managed everything well for me which I’m happy about am also impressed with your accuracy and transparency•••

  6. FOREX CRYPTOCURRENCY INVESTMENT
    YOUR FAILURE CANT BE INSURED,
    AND YOUR SUCCESS ALSO CAN'T BE
    GUARANTEED UNTILL YOU GOT AN EXPERT
    TRADER WHO'SA PROFESSIONAL IN THAT
    VERY FIELD

  7. Only if the minions finally realize they are being bamboozled by a corrupt banking system that is systematically "in bed" with self-indulgent politicians.

  8. if not banks, other institution would emerge with financial controlling and regulating powers…..still same as banks…

  9. If i enjoy this privilege all alone, it shows
    how ungrateful i am because i got my
    breakthrough from a post been posted online as
    well and recommendation i saw.☝️☝️

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