As I am sure you all well know by now the cryptocurrency market is dominating world wide and this upsets the economy on a worldwide scale as well as banks due to people investing not in savings in a bank account anymore but in a cryptocurrency wallet.
Some people are even putting their whole salaries into wallets and using crytocurrency cards at payment counters to pay for items and withdrawals when they spend their money.
Bank accounts are only required now to receive salaries but what if we asked employers to pay into our crypto wallets direct. Would we still need bank accounts?
We dont even qualify for loans with banks anymore as the smallest house to qualify for loan you require a huge salary that most of us dont or will never receive. Interest on money held in banks are pathetic like 8% for a whole year, cytocurrency you make that in one day.
So as a result of people not investing in banks, the banks will in effect not have money to give in loans and therefore will all go under causing worldwide chaos in the banking and finance sector and cryptocurrency will indeed soon take over world domination.
Please note I am not a financial advisor only an accountant so invest at your own risk. My personal belief is that this is happening as we speak and we need to be up to date with what is happening and henceforth that is why I decided to blog about this as it is important to me and has an effect on everyone so please be witness to this and keep an open mind is all I am asking.
Please feel free to comment if you wish to discuss any of my above mentioned info and thamks for reading my blog. Love you all and wish you the very best for your crytocurrency future xxx.