This is an interesting article that EVERY bank and finance service should read. By Bain & Company

Summary:

Digital crypto currencies (of which Steem is only 1) are going to replace digital fiat currencies and banks are going to be the losers.  If you're a banker and your sitting back to 'wait and see' you'll go the way of the candle stick makers when in 1835 James Bowman Lindsay demonstrated a light bulb based electric lighting system to the citizens of Dundee.

In the same way  Dan Larimer, Ned Scott have demonstrated to the citizens of the internet a new payment system  called steemit which pays its contributors in the new currency of steem without a banker in sight.

Full article here