Great article. Crypto replacing the banking industry as the medium a peer to peer medium of exchange eliminating the need for their services and depriving them of their "cut" will cause massive monetary loss on their part. This cannot be understated.

More importantly, when the first credit is issued in crypto, this will be the major disruptive force that will shake the foundations of the banking industry. No more fractional reserve banking when it comes to lending, but lending in it's purest form will inevitably emerge. Stabilization of a currency will no doubt be needed to achieve this or some system to compensate will need to be put in place, but this will eventually happen, and when it does, it will truly shake the foundation of the banking industry.