No it doesn’t. Not if it became the major currency. Because people will STILL have bank accounts, they will STILL take out loans, they will STILL have issues. The banking industry works that way because of HOW money works, not what money is.
Not arguing about the continued existence of banks. Of course they will exist.
I’m referring to the energy footprint of all those buildings and employees.
half the world does not have banks accounts.
This is why crypto, direct via mobile phones, is spreading so fast in these countries.