Download or read book Hope Banks can compete in a crypto driven world written by Ahmed Musa and published by Recorded Books. This book was released on 2024-12-16 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the rise of cryptocurrencies and the growing influence of decentralized finance (DeFi), traditional banks still have a significant role to play in a crypto-driven world. While cryptocurrencies offer an alternative to conventional banking, they are not yet a replacement for the stability, security, and regulation that banks provide. Banks have the advantage of established trust, regulatory frameworks, and the ability to offer a wide range of financial services that cryptocurrencies currently cannot—such as loans, credit, and insurance. Additionally, banks have the infrastructure to ensure the security of transactions, which remains a major concern in the volatile world of crypto.