Blockchain is set to revolutionize the financial sector, making banks redundant, and even potentially the downfall of the existing power brokers.
The future of banking looks very different than it did even just five years ago. We are moving away from traditional banking, and more and more consumers are choosing to bank with cryptocurrencies instead. In fact, Bitcoin's user base keeps growing today. The future of banking could be decentralized, with customers having the ability to choose their own payment method. That means that they will be able to use Bitcoin, cryptocurrency, mobile payments, or some other method. The future of banking is all about choice.
This new technology will soon completely change the way people do business. They will no longer be dealing with any middlemen and intermediaries. This means that transactions will be instantaneous, secure, and inexpensive. It will be possible to do business all over the world without ever leaving your home. All you will have to do is to sign a document, send an email or text, and the transaction will be completed. That's right. It will be possible to send money, transfer property, or buy anything online, just by sending an email. People will no longer be required to use a bank or an ATM machine. Blockchain technology will become the next big thing, and it will bring about a new era of prosperity.