This is not exactly new, but now it becomes something usual, more and more banks worldwide to offer their customers negative interests for holding their money. What that means, that instead of offering some kind of percentage in return for you keeping your money in their bank, they will charge you for keeping your account open. I haven't really being paying attention to that, but suddenly realized it while I was looking my bank account's transactions. I found out that I am paying the monthly fee of nearly 2 euros for my account(where I get my salary). Yes they offer specific type of deposit accounts where they block your money for certain amount of time and they will provide you with annual interest of 0.5-1.5% per year. And they will still charge you for keeping the account open. The funny part is, that depending of how much money you have in the account this could also turn to be negative interest, due to the fact that they charge a flat fee. Which if 0.5 to 1.5% of you money are less than this fee, you are still losing money to keep your funds in the bank.

I have been reading that negative rates are fact in Germany - the world's 4th biggest economy. So why not having that "****" here. However in Germany this affects only new customers. They seem to be obligated to ask the existing clients. Here, in Bulgaria, they did not ask. They just informed everyone(at least my bank) via letter for change in Therms of Services. And you guys know that nobody reads that kind of stuff.

So I did a small research and found out that some banking experts are expecting this practice will continue and even it is going to expand. For many years, the banks were most trusted and recognized financial services. Now with this at hand, this could seriously harm the people's faith in the traditional banking system.

And here is where crypto can step up and take over and I expect this to happen in the years to come. Bitcoin has this unique feature - pre-programed inflation rate. It decreases every 4 years. We guys have heard about it and know it as "halving". Currently it is at 3.6% rate and in May 2020 it will become 1.8%. And the Blockchain cannot be modified in any way to change this.

Most banks have a fine print in their Terms of Service, where it says that they can shut down an account without any explanations, which was exactly what happened with the account of one of the ex-CFO's of PayPay's account after 20 years of being customer of Bank of America.

This is impossible to happen in Crypto world. Everyone can use the Blockchain and no single entity can forbid them to do that. I can assure you, that if the banks are not starting to adapt to the new reality we live in. They soon start to have real big problems.

Have a great day guys. I hope you guys find this useful.