It wont change it completely but then I think its technology will be used alongside or will be integrated with their activities to help bring more transparency and also security to them.

   If  cryptocurrency can change financial institutions completely it will be the inefficiency of the traditional finance systems even though most of the money flows globally daily through banks and financial institutions that have to employ several staffs to serve the customers so the traditional currency transactions may cost too  high and  more time since the process of transactions is carried with a third party interference .Cryptocurrency can change by solving these problems that occurs in traditional currency transaction since cryptocurrency is a decentralized and there is no need for a third party interference  and time can be saved and low cost since the transaction is carried by internet accepted globally ..

Well, that's a big question. But in my opinion, I think with time, these things are possible. Though it may take a while, but its a digital age now. And with the right infrastructure and management, cryptocurrwncy is the gateway to financial freedom. And will eventually change financial institution completely.

Maybe what he menans get ridding of is only the said countries on top. Since most counter parties like China N.korea are not into crypto currencies. Who knows maybe it can help ones country to grow even faster than the present if they use cyrpto for their trade and other businesses.

yes i believe so as financial institutions will have to make so much adjuctment in moving into the crypto world. Though I don't believe fiat will be completely stopped, financial instituitons will have to rearrange things so they serve two purposes at same time which is doing both fiat and crypto transactions. Well lets watch closely as events unfolds.

Well truly, the world of financial industry keeps on becoming into innovation that brings completely in a different level of modernization. Crypto currency have a high potential to make a better changes and a lot more interesting way of financial institution. I am looking forward how would our financial institution be look like in the future.

I think I also trade crypto money, so for me, if I think about getting rid of cash, I don't believe it might work, so I think both are good currencies, cash and digital money.

I'm not a blockchain developers but it's not that easy to completely get rid of cash especially on "third-world country" like in my country. Most of people here don't know what is bitcoin and what is cryptocurrency. I guess America, europe and japan first who will get rid of cash.

This is not going to happen. Unite global economy and no cash, not a chance. At least not in our live time but in general I think that expecting so huge changes from cryptocurrencies is utopia. They are just not designed like that and global economy couldn't rely on them, such system would crash. I wouldn't say it's completely impossible but for that some major changes in technology of cryptocurrencies would be needed.