A Study on Impact of Cryptocurrency on Banking Sectors

As we all know banks have both primary and secondary functions. Cryptocurrency has been acclaimed to carry out the same primary functions as of bank. The objective of this is to aid as a mediator between the fund gathering and allocation of it. Cryptocurrency is also giving the same intermediary role and the most important thing is the boycott of the supervision of each transaction. Now a day’s internet has become worldwide popular, depositors will deal with cryptocurrency in a more convenient method and it also provides users the intermediate actions. It will make the banks to focus on their functions which are secondary in nature for their survival. We will see how blockchain and cryptocurrency impacts on the bank, the aim of this paper is to find out the related literature form the past literature by using the secondary data analysis.