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RE: Steemit Crypto Academy Contest / S4W3 - Understanding Blockchain Technology In Business And Finance by @aonraza
Secondly, it provides an alternative means of payment for businesses. And finally, it allows companies to bypass traditional banking systems
You are right .
Yes the alternative means through Cryprocurrencies have many advantages like P2P , low transactions cost , global system and immune to time limitations .
Byepassing of traditonal banks would eleminate the dependency on intermediaries and limitations like limited working hours , server down issues and limit on tranasction besides regulations esp for cross border transactions .
Exactly i have seen many of the traditional banking systems looting people in the name of taxes and thus not providing required facilities.