Are Traditional, non-Crypto Banks on the way out?

Have traditional banks served their purpose? Has their sterile nature and elitist attitude been the makings of their own demise?

Banking has always held an “us” vs. “them” mentality. However, as information becomes more accessible seeking further control over our own wealth sparks a natural curiosity over how we can capitalize on our hard-earned cash.
Gone is the day when a person opened a bank account as a teenager and remained with that institution the entirety of their life. In this modern era individuals want to spread their eggs into numerous baskets to ensure maximum returns.
Our current banking systems are slow to change and offer us very little control over the way we maintain and utilise our assets, thus the rise of Cryptobanking.

Cryptobank as the Solution in this Digital Economic Era

Digital currency’s total market capitalization is around $500 billion at present and total funds raised through ICO’s now exceeds $3 billion. However, the Bubble Generation is still not accepted by traditional banks.

Traditional banks have no appetite to evolve their business as they fear Cryptobanking is simply a bubble and is affiliated with illicit activity. In fact, British banks have begun to shun companies that deal in Cryptocurrency forcing many to open accounts in Bulgaria, Gibraltar and Poland. Again, putting us further from our assets with less control.

Let’s be frank - traditional banks hate Cryptobanks. Possibly due to the lack of understanding, the fear of uncertainty or just the overall competition. But as digital currency becomes more popular there is a lack of infrastructure to support the movement. Despite huge dependence on technology, banking is one part of the global economy on which the development of digitisation still has little impact.

Everything we do is becoming linked to the digital market, so why should our banking be any different? It shouldn’t – hence the rise of Cryptobanks and Cryptobank networks like Baanx.com.

Baanx.com Forging the Way

OPEN SOURCE, OPEN ACCESS, OPEN OWNERSHIP – the way it should be!

Baanx.com is the World’s 1st Cryptobank network where you not only get, as a customer, the ability to use cryptocurrency and fiat side by side, in everyday life, but you have the chance to build your own Cryptobank using their rules based, smart contract platform – sharing licenses amongst Cryptobanks – which allows branded and automated Cryptobanks to be built in as little as 72hours.

The Digital Banking Revolution

Cryptobank development in the Cryptocurrency Era will complement the digitalization revolution as digital payments will become even more seamless. Cryptobanking is the most appropriate solution for creating digital banking. The revolution of the banking world is needed to follow the progress of online transactions whose use continues to increase.

In 2018 if traditional banks won’t evolve their institutions to meet the requirements of a savvy profit focused individual than Cryptobank and Cryptobank networks like Baanx.com will – in the years to come the Baanx network will take over, it’s the fast scaling cryptocurrency solution we’ve been waiting for……

The Official link to Baanx.com:
Website: www.baanx.com
Reddit: https://www.reddit.com/user/baanx

Social Media:
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