The world of Crypto is renewed day by day and new-born crypto currencies are constantly being pumped into the developing market, which shows that the money system in our future is the harbinger of change. It is as if the world is in the process of updating to the complete digital world. It is known by everyone that the world order changes every hundred years, in this century when we are experiencing the peak of the technology age, it is not very difficult to switch from the old money system to the digital money system completely, of course, it will take 10 years to fully switch to the digital money system and to settle this system. After the Covid-19 pandemic process is overcome with the invention of the vaccine, I think the digital money will grow very rapidly in 2021.
The thoughts and comments of the economists I follow are telling that in the world that develops completely in this direction, the era of paper and coins will end in the next 10 years and that assets such as digital money, gold and silver will take their place.
Well, the consequences of this situation for trade and banks would be positive or negative. I think it will be easy on many issues for us. But I think the banking system will collapse or shrink. Because crypto wallets will be used in trade. Wherever you are in the world, there will be an instant money transfer with a 5-minute instruction. Hence, fast transaction will narrow the banks. Banks will only turn to the lending institution at this rate.
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