Can crypto really replace your bank account?
If you’re a big enough fan of crypto, you’ve probably heard the phrase “be your own bank” or the term “bankless” — the idea being that crypto can offer more control over your financial future than traditional finance. But how much of your financial life really can be accomplished via crypto?
The answer? A lot! As the cryptoeconomy has grown and evolved, a wide array of DeFi protocols, fintech firms, and crypto-first companies like Coinbase are forming a cryptocurrency infrastructure that can serve as an increasingly viable alternative to the traditional financial system. And with traditional banks offering near-zero interest rates, crypto offers a compelling alternative.
From crypto direct deposits and debit cards to decentralized saving/lending and cross-border payments, the cryptoeconomy is rapidly challenging many of the core ideas around what money is and how it can be put to work. Here are some of the ways you can get involved.