It will come out to public knowledge what a bank is.
And then people will be revolted.

Along with this, cryptos will come into fashion.

And bang, banks will be gone.

Yes, lending may still go on, however it will be smart contracts on a blockchain. Or something like a GoFund.me website where people ask other to give/lend them money.

Like i said, banks do not have any money to lend. Fractional reserve lending works because they are able to make money on the spot.

Just try to do that with bitcoin. You can't make extra bitcoins, so instead, the "bank" would have to go out and get actual deposits, and then lend out the money. Currently our deposits to lending is something like 3%.

The big one will be this.
When you put money in the bank, you are actually giving them your money. The bank is under no obligation to give it back.

When people learn this, and also learn that cryptos can hold your money even more securely, than a bank, as a holding vehicle, just goes out the window.

Basically, everything that a bank can do, the block-chain and smart-contracts can do better, faster, cheaper, with more control, less hassle and with almost instant verifiable verification.

And, the idea of paying a high price to get a piece of land will go out the window. It will be established that when a person comes of age, they are entitled to a piece of land. How this works out, i don't know... but it will be like a tribe. They just set up another Teepee. They don't withhold it from him while he goes to college than saves up lots of money.