Crypto is getting more attention worldwide even though some countries are still not in favor of it and even many are yet to clear their stand towards. Crypto is a financial and technological revolution but its not the first time when the world is taking a long time to recognize the potential. It always happens when something great is brought into the place then first people, deny then they realize later they start accepting it and similar is happening with crypto as well. The banks are the biggest example where we can see that some of the banks are exploring the blockchain and crypto to have the integration whereas the majority of the chunk is still not open and they are even not sharing whether in favor of it or not.

![image.png](https://images.hive.blog/DQmUTyXkd784QcrmE2rnLfDdbDjUcembqnWj6BUXAdC9v1Z/image.png)

[src](https://images.app.goo.gl/ojxn4noV6koN8eHR8)

Now the question is that- are these banks ready with the infrastructure to manage the transactions? I think the answer would be no and only every bank might be able to manage the high flow of the transactions. As of now, we are in a banking system that is digital but not backed by the high-end technology that blockchain has. Having digital infrastructure does not mean that we have highly advanced technology instead its not as secure as it should be because we can hear much hacking news in the banking sector. Even blockchain is not that secure so we can imagine what security standards are followed by the banks.

Coming back to the financial aspect I believe that banks are scared because of crypto since crypto encourages decentralization which means the control would be in the hands of the fund's owner however in the current banking system things are another way around. As of now banks have full control over the funds deposited and they would never like to lose control but if they adopt the crypto model then they have to change it and probably this is one of the biggest reasons why banks are not in favor of crypto. Even the offered APR is too less by the banks as compared to what we can get in the crypto space. Even we know that we can earn 10-15% APR on stable coins deposit and since these coins are considered stable because they are backed by real USDT so there is no reason to go back to the bank for earning interest on the deposit. 

![image.png](https://images.hive.blog/DQmVUDHrvvRhb53gHqEG1efprs2nPxHj2tMr4gjnkscvP6J/image.png)

[src](https://images.app.goo.gl/QRUkiEbkMN8tTX1r8)

As of date, there are many platforms where we can earn 10-15% APR on stable coins easily, and its least risky because of the fixed APR and rare fluctuation in the value. In India, banks are paying around 5-6$ interest on deposit for a year and if we break it in middle then there is some penalty whereas they offer loans between 9-15% which means they are earning good but they are not ready to pay the way to the investors. 

*So it will be interesting to see how banks deal with crypto in the future when more people will move to crypto space and less investment will move towards the bank however we can't deny the fact that banks have an important role in fiat management so crypto is not go0ing to end the use case of banks because of many reasons for the next decade at least.*


**Thank you so much**

*Stay Safe*





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