Bitcoin network would make it impossible to bypass the traditional financial intermediaries.
Answers
Bitcoin network:
The bitcoin network refers to a network that operates on a cryptographic protocol. In which bitcoins are used as units of currency. In this users may send and receive bitcoins. Basically, its just like money.
The transactions of this network are recorded into a distributed public database known as the block chain.
traditional financial intermediaries:
They are institutions used as a mode of lending, receiving and giving money, such as a bank, building society, or unit-trust company.Such traditional intermediaries performed the function of holding funds from lenders in order to make loans to borrowers.
So basically the role of bitcoin is just that in this era where robotics is expanding, where technological advancements are taking place rapidly, from booking makeup to buying groceries, everything is available online. The entire system all around the world is happening on digital level.
Looking at such spreading traits, eventually, people would most likely switch over to crypto-currency. Its just like barter, how people would exchange commodities against commodities, next came the use of coins in monetary value and items like gold and silver, followed up by bank notes sanctioned by the governments. So, its most likely that people would switch over to this form of currency once the trend rises, for instance like investing in shares.