We don't need Banks now with such amount of fees...They are charging fees for service that can be automated in blockchain......Imagine for a moment that you did not have a bank account. No debit or credit card, no access to an ATM, just a mobile with crypto-currency wallet and every merchant accepting crypto payments, which you can pay just by scanning the barcode....Then, do we really need a bank? I think now the focus should be to convince merchants to accept crypto-currency....
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It's true. It is an inevitable future in my opinion. The only problems with things going in that directions are things that are going to improve and get better over time. It is too expensive for merchants to keep paying their credit card fees when they could be transacting for fractions of a penny with crypto.
When the power goes out, so does blockchain and every other electronic commerce. Until the power grid is guaranteed 100%, there will all ways be cash in my pocket.
or gold or silver! :)