Blockchain Bridge - If Banks Will Be Welcomed By Cryptocommunities

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Most cryptocurrency communities are not friendly with current banking system. That is why some decentralized platforms like defi take over some of banking services. In the future, like or dislike banks will be left. More people will freeze their assets in cryptocurrency protocols that give them more return.

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https://pixabay.com/photos/bridge-river-city-water-cityscape-336475/

Banks will loose their customers. Banks users may only use their banks to be a hose where money flows and left the account empty. If the situation is like this where more people only use banks as the means to exchange money or cash out money, banks will be collapsed. They will have no liquid asset that is stored.

BANKS AND BLOCKCHAIN BRIDGE

What is blockchain bridge?
A blockchain bridge is a connection that allows the transfer of tokens and/or arbitrary data from one chain to another. Both chains can have different protocols, rules and governance models, but the bridge provides a compatible way to interoperate securely on both sides.

https://coinmarketcap.com/alexandria/article/what-are-blockchain-bridges

There are two types of blockchain bridge. They are decentralized and centralized. Banks can take the centralized protocols. In the centralized protocols, banks can issue CDBDs as the native token backed by fiat. There are some benefit from this centralized bridge. More crypto users will prefer use blockchain protocols instead of using current banks apps. Blockchain protocols are more trusted and transparent.

In the future blockchain bridge will not only as the mediator to two networks but also will be multiple networks. So that, having btc, ethereum, dash, and other coins will not be difficult to cash out into fiat or to exchange.

Integrating ATM with Blockchain bridge

It is possible to integrate blockchain bridge to ATM. More people can buy or send money in crypto or in fiat with the blockchain bridge. Banks will earn profit from fee of the transaction. Beside that, in the protocols, can be applied investment platform. A bank customers can save and invest in banks products and services in a single account and a single protocol.

BANKS WILL BE FRIENDS FOR CRYPTO USERS NOT ENEMIES

Current days, banks are still not closed friends to cryptocurrency users. Decision of paypal to accept cryptocurrency is a good news but not all crypto users like. With a blockchain bridge banks will be more friendly and have more crypto look to decentralized communities. Though there are many crypto users who still prefer decentralized blockchain bridge , centralized blockchain bridge is the need to the future development.

Posted Using LeoFinance Beta



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(Edited)

SAND ATMS haha all ATMs are sand ATMs with https://crypto.com niiigaaaaa i got yo bitch coin in mah POCKET , pocket full of SAND shine wooooo

https://cash.app/help/us/en-us/3108-free-atm-withdrawals

SO we have debit cards to withdraw the money from SAND at any ATM in San Diego no special shady Bitcoin ATM i some smoke shop or gas station lol no more gas fi gas station finance

We also have BTC trading against HIVE, EOS and Telos which SAND trades against so really SAND can quite easily from any mobile phone be traded on https://getwombat.io on alcor or newdex or https://tswaps.com OR TRADE it direct for

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starlink, its everywhere you wanna be

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