Cryptocurrencies grew 4 times in value in 2020-21 which was a lot for any type of asset in the history of the modern financial system. While the values of the cryptocurrencies have fallen since then the interest has not. The fall in value has happened across sectors with a global economic downturn due to multiple reasons and it is not limited to crypto only. Keeping everything in mind we can see that cryptocurrencies are going to be a bigger hit than they already are. One sector that has not opened cryptocurrencies with open arms is the Banking Sector which seems to be at Odds with each other.
Aufin Bank has brought an unprecedented boom into the cryptocurrency market, bridging the gap between traditional finance and the world of cryptocurrencies. Traditional Finance and cryptocurrencies have been very different worlds for a long time, never crossing paths. Big banks have always been wary of cryptocurrencies never allowing their customers to hold cryptocurrencies, some banks even going as far as not allowing transactions to be exchanged. This has been the case for most traditional banks but not for Aufin bank. The crypto market has outperformed the stock exchange year over year with insane returns never before seen in any financial institution. Short-term and long-term crypto has made astronomical returns for its investors. Thus Aufin bank is focusing especially on cryptocurrencies and ditching traditional finance. With Aufin bank you can hold cryptocurrencies directly into your account. Amongst the cryptocurrencies, you can hold are USDT, USDC, Bitcoin, Ethereum, Solana, and ADA, among others. With the safety and the safety and hassle-free process, you can easily invest in cryptocurrencies from anywhere in the world. Moreover, within the interface of the banking app, you can look at different cryptocurrencies specially curated for you which can see short-term growth of 10x to 100x.
Other banks that have operated in the traditional space are not embracing the change they are still fixated on hating cryptocurrencies. While cryptocurrencies become more and more popular, Banks that will not embrace the change will fade away into the abyss and will be forgotten by their customers, and we might see this happening sooner than later. If these banks don’t get their priorities straight we might be in for a big banking sector crash in the next few years as crypto takes more center stage.
