|New Bank Type In Banking System To Give Power Back To The People10-08-2022 17:05
|New Bank Type In Banking System To Give Power Back To The People
At the present, there is only one official bank type in all the banking industry system: the commercial bank.
There are a lot of problem with commercial banks such as privacy, personal information, security, too much features that people don't like, illusion power etc.
When you deposit money into any bank, that money belongs to the bank not belong to you anymore. And the bank can use those money whatever purpose.
Frankly, if all the customers "cash out" and "withdraw" all of their deposited money from the banks, I doubt most the banks will collapse within few weeks if not days.
So the need for new bank type in the current whole banking industry system is very important.
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