Ripple backkng by Bamks is undermining the core reason Cypto came into being
Maybe an unpopular opinion, but I love having a bank. I love that credit card companies and banks take on all the liability and risk associated with protecting my money. I've never paid any ridiculous fee to my bank. As evil as they may be in certain areas, the world needs banks in some form. There are tons of stories (including some of my friends) of people with crypto where they lost their passcode and can't get access to tens thousands of dollars. If I forget my bank password and my debit and credit cards, I can verify my identity and get them all replaced. Crypto will never replace banks, banks may choose to support and adopt crypto, but crypto and banking are in many ways orthogonal. Also, have you ever had to carry large amounts of cash (>10000) with you in a place that you could easily be robbed? In many third world countries you tend to need to take USD and exchange it over there. Let me tell you, it's scary carrying all that cash. That's what crypto is like without banks. If someone figures out your password and has access to your wallet you're fucked. If someone gets my physical wallet, I call my bank and they cancel all the cards.
Oh no the big bad banks!