But they would still be the ones offering returns on savings and loans for example?
I tried to say that banks would simply be forced to pivot a little.
But I didn't really know what that pivot would be.
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Yes, they'd still be offering bonds, loans, savings interest (high downfall on that number soon). Bank of England released paper on stablecoins, they're allowing stablecoins (domestic and international) and removing their interest giving capacity unless backed like tether then it's different case. The way I see it world would be going digital like india's UPI but you get to choose which digital asset to pay with and not tied to fiat.
Interesting, cheers :)