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Yeah. The majority of the people are normals. Just as they wouldn't trust a quantum random number generator to replace the spinning ball contraption for lottery

by diskcat 11y ago

Yeah. The majority of the people are normals. Just as they wouldn't trust a quantum random number generator to replace the spinning ball contraption for lottery drawings, they would not trust a 'branchless bank'. There is something affirming about a tangible building especially when it comes to money. And that's why bitcoin will never replace shiny transition metal.

skrause 11y ago
"Branchless banks" are nothing new. In Germany we call them "direct banks" (https://en.wikipedia.org/wiki/Direct_bank https://en.wikipedia.org/wiki/Direct_bank) and in 2012 they already had 15.8 million customers which is around 20% of the population. And the number of customers has only been growing since then. Most people who are only using online banking and ATMs anyway don't really have a need for branches anymore.