Will blockchain technology ever replace the current financial system?

The traditional crypto-currencies - bitcoin, ethereum, … have no chance to replace the traditional financial system.

Most are designed with dis-trust and trying to reach consensus - which slows down the transactions.

However central bank digital currencies / CBDCs are specifically designed to replace the current financial systems.

Still, traditional crypto-currencies can hold a niche - like for ex. in the NFT digital art market…

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