There has been some work being done by the EU to make a digital euro [0]. China [1] and the US [2] are also exploring digital alternatives. I believe if these a

There has been some work being done by the EU to make a digital euro [0]. China [1] and the US [2] are also exploring digital alternatives. I believe if these alternatives are well implemented they are going to change banking forever. Banks could become a frontend to that digital infrastructure that would only add features to the network (safety, insurance, help keep your transactions anonymous...). Naturally, everything that I am saying is 100% speculation, but I don't see a world where the current digital currencies (Bitcoin et al.) get backed by the governments. [0]: https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr201002~f90bfc94a8.en.html https://www.ecb.europa.eu/press/pr/date/2020/html/ecb.pr2010... [1]: https://www.wsj.com/articles/china-to-expand-testing-of-a-digital-currency-11597385324 https://www.wsj.com/articles/china-to-expand-testing-of-a-di... [2]: https://www.forbes.com/sites/billybambrough/2020/08/22/digital-dollar-could-compete-with-bitcoin/ https://www.forbes.com/sites/billybambrough/2020/08/22/digit...