I am not against commercial banks per se. But me not having to rely on bank deposits for day-to-day payments (I presume we all agree that nobody wants to carry

I am not against commercial banks per se. But me not having to rely on bank deposits for day-to-day payments (I presume we all agree that nobody wants to carry cash around) will force banks to do a better job at attracting my money. Maybe they will have to give me a better interest rate and give me some knobs I can tune to control how my money is invested. Technology can be a catalyst for increasing competition between banks. There might be another (regulatory) way to do it. Whichever gets us there faster.