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What happens to banking institution if we stopped saving?
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[QUOTE="Shaf, post: 267329, member: 25467"] This is one of the reasons the government's of various countries are so much against cryptocurrency. With the promise of so much more returns than banks and other traditional investment platforms offer, cryptocurrency became attractive to people. This has lead to banks seeking for funds to run their business. Apart from hindering the banks from making money through lending, it also affects our economy as people who are seeking to finance their projects by getting loans from banks won't have the necessary funds. It also may make the banks to increase interest rate making it harder for people to repay their loans. While looking at the problem, we also need to look at possible solutions. A lot of banks do not actively encourage customers to save. People make less money now and coupled with the rising inflation rates, savings is usually the last thing on their minds. They can also provide incentives for those who save to attract new customers and keep old ones. [/QUOTE]
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What happens to banking institution if we stopped saving?
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