Too Long; Didn't Read
Regulators are circling above wishing death upon Cryptos; To survive, cryptos must come to a compromise where Centralized Finance ala Traditional banking and Decentralized Finance (DeFi) co-exist, and regulators have a say, yet the anonymity of the blockchain is preserved. This is what the immediate Future of Finance is likely to look like.
A Bank Alternative will take the best of traditional banking/Finance, put them in digital form, and bridge them with Decentralized finance(DeFi). Like Fintech and DeFi having a lovechild- Credits Robert Sharratt