This is an interesting topic and I share my opinion about it. View the original post written by me on Musing.io. (Quora of Steem Blockchain)

Yes, It will be good if we remove banks because now a days in India banks are not good. As per banking norms banks are custodian, which mean banks can take care of our money can not put ownership on our money.

The way Indian banks send notice to their account holder over crypto trading even tough there were no regulation on crypto in India, banks are treating like money invested by customer was their money even though case is pending in court over regulation of blockchain technology and cryptocurrency.

One of the major disadvantages of banks is cost and little bit time consuming. banks are also not fast as compare to crypto transaction like Ripple XRP and Stellar Lumens which are purely finance based cryptocurrency.

Crypto like Steem are bridging the gap between rich and poor by providing equal opportunity to all, In poor countries especially in Africa and Asia Region people are doing well on Steem platform and treating as full time job.

Steem is providing job opportunity in countries where government unable to provide employment to their people. Blockchain technology is our future the day will come when people not use government currency and then government will accept and regulate crypto.

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• blockchain
• bitcoin
• cryptocurrency
• bank
• india