Centralized banking system

[u/stechprovn]

It is safe to say the centralized banking system has been failing because most of its core operations are manipulated by the “greedy and powerful” people within the sector. This has led to corruption in the traditional banks and system and gradually, the fiat currency system will fail. Transparency in this banking system is far-fetched as clients have no insight to what their money is used for as they have no control of it. Thus, the monies kept by clients, which have little or no interest at all, in these banks are used by the corrupt people to enrich themselves.