Traditional banking offers an easy way to transfer money or make regular payments but it also come with its perks and issues such higher fees, waiting times, banking regulations that not always suite the public and a lack of scrutiny where banks can take mostly any decision without the need to give a full, open and transparent explanation.

In reality one of the major differences of having value stored in a bank account versus on a cold wallet using blockchain technology is quote huge and simple... banks are a central custody of your funds and everyone elses funds they keep, while when you store your value on your private blockchain wallet only then you are the true owner of such funds.

Having your funds in your own crypto wallet is like you are running your own private bank because you can send, receive and sign transfers whenerver you want, without questions, with almost zero fees, instantly, anywhere int he globe and in a more private and yet more transparent way that banks can actually offer.(Daniel Gabriel - Bankis Assets Limited CEO)

But there's more reasons why the blockchain technology is top notch and why fiat as we know it is trailing:

Fraud: Cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs. Also with cryptocurrency it is not possible to fraudsters to provide fake documents such as fake bank statements and other fake means to achieve loans and borrow money unlawfully as cryptocurrency as of today is not based on reliable paperwork but on proof of work by network witnesses.

Identity Theft: When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Cryptocurrency use a “push” mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant or recipient with no further information.

Immediate Settlement: Purchasing real property typically involves a number of third parties (Lawyers, Notary), delays, and payment of fees. In many ways, the bitcoin/cryptocurrency blockchain is like a “large property rights database,” says Gallippi. Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.

Access to Everyone: There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Crytocurrency market. Kenya’s M-PESA system, a mobile phone-based money transfer and micros financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet.

The United States of America specially under Trump's administration does see the necessity of such digital assets and technology as an opportunity to grow capital and as the new financial drive of our times.