It is a convenience difficult to live without I can give you that. But so many other services we can't imagine living without require a cellular number. Accepting a flawed authentication mechanism and legal but abusive privacy breaches is what have kept them up and running.
This threat demonstrates how difficult it is to keep us safe from hacks. We can keep our bank account and one day have to deal with fraud recovery, or we can ask them to stop, some banks 2fa activation via a voice call.
Until banks cease to dominate and control our finances, we should at least do what we can protect ourselves from their incompetence.
Banks can and do rollback fraud and theft in most cases; that’s the advantage of working in a system supported by law and regulation. The alternative is trusting that every component in your crypto tech stack has perfect security (which is impossible) or else risk losing all your money in a manner that can’t be reversed. I’ll choose banks, thanks.
And that's fine, the majority of the current generation will stick to traditional banking out of fear. Maybe it is safer that way you are right. Let's not ignore the fact the crypto technology is actually safer as a whole, the method of transaction is order of magnitudes more hardened with private keys and signatures, and also more flexible.
BTW cryptocurrencies and also smart contract networks does support rollback as shown in the Eth vulnerability that was exploited years ago. The irreversibility is a feature. We figured it is safer to adopt a push approach to transactions like when paying with cash rather than a pull approach used with debit/credit card, and that making the transaction not reversible leads to less fear from the creditor and promote fluidity. If reversibility is desired, multi sig and escrow exist. They are as rarely used as on eBay, because for most transactions we don't care. Nothing is perfectly safe you are right but humanity, despite stickiness to what is tolerable has always eventually adopted less understood but more enabling technologies when they prove to be superior in so many respects.
The data only plans is is good path to follow, it at least makes it more obvious each time a service clearly wants too much personal data.