One way to store money without a bank account, could simply be keeping it in banknotes, however that's not very safe. So is there another way to store digital money that is not a bank account? Cryptocurrencies are the only other way I know, but they seem to be immature and fluctuate a lot... What about PayPal? And what if they fail or something? I feel like I am forced to be the customer of a bank, when the only thing I want is a way to securely store money without putting it in hands I don't trust. How come we still haven't figured this out? From slightly different perspective: can the concept of investing be decoupled from the concept of simply storing?
An example of a better alternative could be a sort of digital equivalent of banknotes, that is issued by a central bank like ECB or FED that can create money out of thin air, and that can be kept within an account in these institutions. Why can't we have this? This way, the entire EU or USA should fail in order for me to loose money, whereas if I put the money into a bank that is not a central one, it would be enought to loose money if that single bank failed. I read about the insurance for accounts under 100k, but if this insurance is provided by a government that can't print its own currency, like most countries in the EU, where are they going to get these 100k euros for each person that had that amount or less? The funds that they have setup, will they be enought for the bank savings of major european countries?
Moreover, it seems like we are going towards another big financial crash in 2019, and banks are still very exposed due to the ownership of very inflated financial assets. All major indices are deep in bearish territory, many banks have seen their value depreciated, and quantitative easing has ended. Could this move also be a good way to avoid being among the ones that will save banks through bail-in? I know it could seem exaggerated now, but waiting until the last moment when everybody talks about this will be too late.