As a rule, “cryptobanks” refer to themselves as decentralized platforms that combine the features of exchanges, exchangers and p2p lending services. The main task is to create a service and payment infrastructure for connecting the crypto community with the fiat world. At the same time, there is no talk of an analogue of traditional banks in the world of cryptocurrencies: neither in terms of functionality, nor in terms of operating principles.
“For settlements in cryptocurrency, a wallet and its functionality are quite enough, and you can exchange money on the exchange. Basic quasi-banking operations can be carried out using smart contracts: for example, deferred payment, guarantees, letter of credit – in all these operations, smart contracts make it possible to do without banks “