<ul><li>JP Morgan Chase, Wells Fargo, and Bank of America have faced a $5 billion loss stemming from non-performing assets, mainly credit card defaults.</li><li>The banks are struggling with 'rotten debt', unsellable bad debt primarily caused by credit card delinquencies.</li><li>This loss has raised concerns about the stability of the US economy and sparked discussions about the potential of cryptocurrencies as a better solution.</li><li>Crypto enthusiasts argue that decentralized finance platforms could provide a more sustainable model for lending and investing, as they are not dependent on the traditional banking system.</li></ul>

Crypto Gains Attention As US Banks Face $5 Billion Debt Loss

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