For decades, traditional banks were the exclusive guardians of money. But since the emergence of $BTC in 2009, and with the rise of blockchain technology, their dominance has been challenged by a new paradigm: decentralized finance (DeFi).
🔥 Why are banks worried?
Disintermediation: blockchain allows transfers, loans, and savings without the need for banks. Lower fees, more speed.
Young customers are migrating to crypto: millennials and Gen Z prefer crypto platforms over opening bank accounts.
Stability vs. Innovation: banks have strict regulations, while DeFi projects are advancing at an explosive pace.
Loss of control: governments and central banks lose part of the money monopoly when people choose digital currencies.
🏛️ How are they reacting?Some banks are openly opposing: they warn of "risks" while blocking transactions to exchanges.
Others are adapting: they are creating central bank digital currencies (CBDCs) to not fall behind.
A few are collaborating: JP Morgan, Santander, and BBVA have launched pilots with blockchain technology or cryptocurrency custody.
🤔 Rivals or allies?
The conflict between traditional banking and blockchain is not only technological but also cultural and philosophical. One seeks to centralize and control. The other aims to decentralize and empower.
🎯 And which side are you on?
If you are interested in continuing to learn how decentralized technologies are transforming the financial and social world, you can follow this series and contribute to the community through #BitValue 🚀
