Bitcoin Has Already Replaced Your Bank, Local Advocate Argues
Roswell, NM – A local digital currency professional asserts traditional banking is becoming obsolete, citing accessibility to Bitcoin and emerging technologies as key drivers of the shift. Guy Malone, a certified Bitcoin professional with multiple digital currency certifications, detailed his experience and observations in a recent column published by Roswell Daily Record.
Malone’s argument centers on the evolving financial landscape for younger generations,highlighting the ability to earn digital currency through online gaming – even at age 10 – and utilize it via services like the Tangem Visa card,a partnership searchable online. He recounts a personal experience of legally receiving a Visa card from Europe with parental consent.
Further fueling his claim is a bitcoin application, showcased at a Roswell Chamber of Commerce event hosted by Adam Simecka, which allows for peer-to-peer transactions without requiring personal identification like names, phone numbers, or IDs.
Malone contrasts this ease of access with what he describes as the cumbersome and potentially exploitative practices of traditional banking, questioning the necessity of extensive documentation and in-person requirements. He directly challenges banks to adapt by offering Bitcoin services, arguing that current marketing strategies are insufficient to attract a generation already embracing decentralized finance.
“They won’t ever darken your door,” Malone writes, addressing bankers directly. He posits a fundamental power shift, questioning who now holds the control in financial transactions.
Malone is a consultant to the New Mexico Blockchain & AI Association and a New Mexico advocate for Stand with Crypto. He is also an affiliate for River, Trezor, and Tangem.He discloses owning bitcoin and other digital currencies for both investment and testing purposes.