P2P

Cryptocurrencies are a menace because they can form the basis of a wide variety of financial products including loans, bonds, and savings account. A major threat to banks is that fast-growing altcoins such as Bitcoin and Ethereum provide a better hedge against inflation than cash. Particularly dangerous to banks will be cryptocurrency Visa and MasterCard products that allow payment at brick and mortar stores with altcoins. Also on the horizon are cryptocurrency banks such as Change Bank. A major threat is that cryptocurrencies will become the money transfer mechanism of choice, allowing consumers to cut out banks completely.