I think banks are having their buggy-whip moment. There simply isn't a huge need for banks anymore, as most transactions are digital. They mostly serve as a vau

I think banks are having their buggy-whip moment. There simply isn't a huge need for banks anymore, as most transactions are digital. They mostly serve as a vault of safe-deposit boxes where people keep their important documents and a place for businesses to trade their paper scrip for digital numbers. That trade-in function could be provided directly by the federal government for probably leas than a trillion dollars, and it's only going to get cheaper in the future as people continue to move away from paper currency.