Web 3 banking is an interesting and promising phenomenon that stands at the intersection of finance and decentralized technologies. The main idea is for users to gain more control over their finances, without intermediaries like banks or payment systems.
What I like about it:
Transparency: Transactions are recorded on the blockchain, they can be verified, and this complicates fraud.
User control: Your money is truly your money. No bank can 'freeze' your account.
Global access: People from countries with unstable banking systems can access financial services through Web3 wallets.
But there are nuances:
Responsibility is entirely on you. Forget the wallet phrase — lose your funds.
Regulations are still weak, and this creates a field for scams.
Interfaces are often inconvenient, making it difficult for the average user to quickly understand.
In short: the potential is great, but it is still not mass banking. Web3 banking is like the early internet: raw, but promising.
