Vitalik Buterin Sees Potential for Ethereum to Take the Place of Centralized Systems

Vitalik Buterin has suggested that Ethereum could play a significant role in replacing centralized financial systems. This idea stems from recent events in Sweden and Norway, which are striving to reduce their reliance on fiat currency. While most payments are now handled through digital methods like apps and payment cards, both countries have recently emphasized the importance of having cash reserves as a backup. These actions highlight the vulnerabilities of relying heavily on centralized systems, especially when facing unforeseen circumstances such as global conflicts or natural disasters.