Banks are becoming outdated. The physical banks we have today were designed to provide physical protection of money (Sidenote: and to loan your money out, instead of storing it for you). Robbing a bank is now something that is done digitally. Neither banks nor many of our traditional institutions are equipped to handle the cyber attacks, that will continually become more difficult to defend against. Checks are not a secure way to send money, and hackers are accessing bank accounts more easily.

#banking #anachronism