Revil (revil.base.eth)

What would happen if crypto did not exist? “Let’s talk in the comments!

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What would happen if crypto did not exist? If crypto did not exist, the global financial system would be much more centralized and dependent on traditional banks. People would rely only on banks and financial institutions to store money, send payments, and make international transfers. International transactions would be slower and more expensive because they would require intermediaries. Many people without access to banking services would have fewer financial options and less financial freedom. There would be no decentralized finance (DeFi), meaning lending, borrowing, and investing would be controlled entirely by centralized institutions. Innovation in blockchain technology, such as smart contracts, NFTs, and Web3, would be very limited or might not exist at all. Overall, without crypto, financial systems would be less transparent, less inclusive, and less efficient compared to today’s digital economy.

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“What if the world never knew Bitcoin — would innovation still dare to move forward?”

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Turtlearth

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