I think if "banks" could guarantee that your funds are secure and super private then as cryptocurrency becomes more mainstream then people will use it . But I imagine there are a lot of crypto enthusiasts that would not use this service and not trust their private keys to anyone but themselves.
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I agree 100% 💯 I think how they want to set it up is to actually not have access to your private keys. Definitely an interesting concept. The merging of two worlds :)
I think you could have the best of both wolds. I would use the banks for amounts that I would use for everyday purchasing or trading. But for long term investment and larger sums I would use a cold wallet.
Makes perfect sense to me. Although I think the vaults that they're trying to set up are actually cold wallet storages as well. So they may have a hot-wallet option and a cold-wallet option. We shall see!!! Thanks for the input :)