Many people are talking about the end of banks and the beginning of a new age of digital currency; and I am not the only one, nor am I an expert in the field. The truth is that no one is sure and the end of banks is just beginning, and not all people know how it will affect you or me. This is because no one knows the answer to this question and the answer could be very different than we think. I am going to share with you some tips that will help you better understand how the banking system will change, and if I am right we are already seeing this happening to a big extent.
As people are becoming more aware about this new world, and their rights, they are making choices for themselves that they never thought possible. Many people are making the decision to live in their home without having to worry about lending money to anyone and have decided to use a debit card instead.
This is all leading people to greater financial freedom from the fear of losing everything they own. One thing I am sure of is that these choices will cause a massive shift in the banking industry and they are all starting to experience some kind of change, even the ones who think they know the future.
If you ask me, and the experts, will the end of banks happen this year, I can honestly answer no. There is a lot of pressure on the banker’s today and they will do what it takes to survive. The next few years are important because this transition will take place and most people will start to notice a change in the banking industry sooner rather than later.
This change is not good for anyone, but the good news is that you have options to protect your money and stop your bank from closing your accounts if you should ever need to use it. One option that can protect your accounts from being closed is to use a money saving service and make a one-time deposit into your account.
Now I hope you understand why I feel the way that I do, and the final advice that I have for you is to take a hard look at your spending habits and do something about it. Please consider all this and think on it.