Crypto is peer-to-peer (or should be). You don't have to use a bank at all to cash out to your local currency. You can sell crypto directly to someone else who wants it for cash and transfer it directly to their crypto wallet. No bank needed at all.
You are viewing a single comment's thread from:
Very good point
Agree. But they are exceptional cases. Since money is what works in our economy, a bank is more or less necessary to withdraw your crypto to Fiat. But maybe one day, we can directly use our crypto trading card to make purchases, eliminating banks altogether.