Question

just give a 2 paragraph answer,

(Businesses and brands are slowly adapting to the concept of cryptocurrencies and bitcoins as they develop their own currency to offer their customers. Cryptocurrencies is the emerging digital currency which is completely decentralized meaning cutting the middlemen in a transaction, such as; Banks, credit-card companies, governments etc. Simultaneously, it appears that people have developed a distrust towards these aforementioned institutions. Leaving us with the question; will our currencies and economic system as we know it today slowly dissolve in the emergence of "cryptocurrencies" and "bitcoins"? Why/Why not? And if so, how will banks and their role in society change in the future? This discussion video is a few years old, what has changed if anything?)

Answer 1