Cryptocurrency banks started to develop the traditional banking services.
According to the experts, the blockchain startups try to develop the new sphere - banking. Nowadays the money for purchases can be refunded in bitcoins. In the nearest future this service will be provided to its customers by the Wirex cryptocurrency bank (Great Britain). At the same time, experts are sure that the fact of penetration of blockchain companies into the territory of traditional banks is a naturally determined process. Analysts note that the tendency of blockсhain companies to enter the banking market is quite stable. And this is also the case of cryptocurrency startups. But for the foreseeable future these projects will not yet be serious competitors for the banking market.
As it follows from the words of Evgeniy Kaznatcheyev, the technical director of Midex blockchain company, in the nearest future traditional financial institutions will not be pushed out of the market because the cryptocurrency market is not practically regulated. In particular, there are no necessary laws, the norms of which would be sufficient for the work of cryptocurrency companies with the classical banking system.