No, they have already lost control. They (and a large part of the world) simply don't realise that yet. But banks won't vanish, they will simply adapt.
The Banks are just lazy to adopt, similar thing had happened to Kodax, if you recall when Nikon first conceptualise the idea of digital photography instead of films.
A lot of Internet-only banks have already come up. Also consider that banking is not only about shifting money around, but also entails a lot of financial products. Those will not be blockchainified that easily.
No, they have already lost control. They (and a large part of the world) simply don't realise that yet. But banks won't vanish, they will simply adapt.
The Banks are just lazy to adopt, similar thing had happened to Kodax, if you recall when Nikon first conceptualise the idea of digital photography instead of films.
A lot of Internet-only banks have already come up. Also consider that banking is not only about shifting money around, but also entails a lot of financial products. Those will not be blockchainified that easily.
This is why they are curious to learn more about blockchain in an effot to neutralize Bitcoin dominance...
The world is changing for the better. :)
Together we can make it possible...✔