One of the most unknown questions surrounding the future of the cryptocurrency economy is whether or not crypto is indeed the future, or if the entire cryptocurrency establishment will eventually fade away. Here we explore where the crypto market is headed and if crypto or traditional banks will withstand the test of time.

The Case For Traditional Banks

Traditional banks have long been a mainstay of world economies, helping countries and their citizens survive financially. Even with the advancement of cryptocurrency, it appears traditional banks are here to stay—for now. The financial backing and security that comes with the traditional banking system—for example, the SEC—is something that continues to attract more conservative investors and will forever be a reason why banks will continue to have a place in society. For those who are risk averse, traditional banks offer a stable and convenient way to invest, manage money, and conduct different types of personal and business transactions through widely accessible and widely acceptable means.

The Case For Cryptocurrency

Cryptocurrency on the other hand is a more volatile financial option with a shorter history than traditional banks and a much more skeptical future. There still remain a lot of “unknowns” when it comes to crypto, which is both part of the allure, the mystique and the reason why people are investing in and utilizing the currency. When it comes to worldwide transactions and the cloak of anonymity, crypto is lightyears ahead of where traditional banks reside, given that it’s an unregulated marketplace still blossoming with dramatic changes and innovation. As the world of crypto continues to be normalized and expand, the more it will provide a legitimate blend of services people can trust and rely upon.

The Future Of Banks

If the shift toward a decentralized world economy is the future, traditional banks might be in trouble. Traditional banks have a host of attributes that make them vulnerable to being lost in the evolution of finance. A few of those drawbacks include poor accessibility—since most are only open 5 days per week—slow transaction times, and additional fees for different types of transactions and account balance thresholds. While traditional banks aren’t going obsolete any time soon, they are going to need to update their processes in the near future if they wish to successfully compete with the growing crypto economy.

The Future Of Crypto

Simply put, crypto is the future, and in many ways, crypto is like the beginning of the Internet. When the Internet was first coming to fruition, naysayers said it was “just a fad.” Well, the Internet is still here and has exploded in terms of its ability to be a resource, a tool, and a fixture of society—which in many ways is where the future of crypto is headed. Cryptocurrency is primed to be a universal method of sending and receiving monetary resources, and is also serving as a backdrop for a slew of new types of digital collectibles and art that are being born out of the blockchain technology. As the ways in which cryptocurrencies and blockchain technologies continue to improve and unfold, they will continue to cement their practical use amongst people and within societies. 

For a look at one specific futuristic cryptocurrency, check out EtherumMax.

Starting Your Portfolio With EthereumMax

EthereumMax is a decentralized cryptocurrency that gives holders control of their digital assets without the need for an intermediary. EMAX Tokenomics remain 0% tax on buys, with a 9% tax on sells and transfers. From the 9% tax, 3% will remain in the treasury and 6% will manually be burned every other week. Check out for more information on why EthereumMax is quickly becoming one of the most robust tokens within the crypto ecosystem and set up your eMax wallet to start your cryptocurrency journey today.