Will Crypto-Based E-Commerce Destroy the Dinosaur-Style Banking Industry-

Banking, as we are aware of it, has been around since the first currencies were minted-perhaps even before that, in a few form or every other. Currency, especially cash, grew out of taxation. In the early days of ancient empires, annual taxation on one pig may have been reasonable, but as empires multiplied, this kind of price became much less applicable.

However, because the Covid situation, now not simplest have we appeared to move to a “cashless” society, (as who desires to deal with doubtlessly “dirty money” in a shop), and with “contactless” credit score card transaction stages now elevated to £45, and now even tiny transactions standard, together with a day by day newspaper, or bottle of milk, get paid via card.

Did you understand t…