Topic: Banking will still be significant until cryptocurrencies can "stand on their own (Read 1303 times)
September 28, 2018, 09:24:28 AM
If in the distant future, the world turn totally digital and nothing can be done physically anymore, then maybe. The question is, will the world become totally digital? Will everything become virtual? Maybe. No one can tell.
September 28, 2018, 08:42:42 AM
I think banks will find their place in the new economy, which we carry cryptocurrency, you'll see:)
September 28, 2018, 05:29:18 AM
Electronic money can not actually change the fact that banks are still the leading force in finance and they will remain so. Electronic money will never become mainstream. I believe that the banking system will always be a significant electronic currency that can stand on its own, because banks are lucrative and have proven to be reliable to handle transactions. Our key. So I can say that the bank will always be meaningful and will always be sponsored.
September 05, 2018, 11:37:03 AM
I believe the banking industry would still survive even with more people using crypto-currencies in the future, as citizens around the world would still need to deposit some of their fiat money into the bank, and the banks would also be able to continue their daily business as long as there is people depositing fiat money to them, this should ensure their business operations to continue smoothly even with the rise of crypto-currencies in the future.
September 05, 2018, 11:04:57 AM
The development of electronic money can not lead to the collapse of the banking system in the future. Banks will always exist, as they are a prerequisite for the existence of any state.
August 08, 2018, 09:46:23 PM
I don’t think banks will collapse either. Nothing drastic will be happening, in my opinion. I think adoption of a virtual currency will take time. Have you encountered a corporate re-structuring at work? I think it will be similar to that. Proper preparation and training will be done to ensure a smooth transition. Same goes for cryptocurrency adoption.
August 08, 2018, 03:26:06 AM
for the moment the Bank is still standing upright, then how is the continuation of the bank if Crypto already stand alone and in the public know so that in use fully and all countries wear it. is there going to be a temporary panic in the financial world? .... and all the banks in every country collapse is that what will happen hopefully there is no market panic
what you assume will never happen. The cryptocurrency will never beat fiat currencies for as long as the country is not involved and adopts cryptocurrency as an authorized currency.
August 08, 2018, 02:08:39 AM
Yes, and maybe banks will still have crypto banks in the future, so banking business will still pursue. All they have to do is absorb what is in and what is new as more innovative and advance money through blockchain.
August 08, 2018, 01:46:45 AM
The banks will not go down like people are thinking. there are still conservative people that will patronize them. A wise bank will integrate the decentralized blockchain technology into its system for optimal growth. I foresee that coming in the nearest future.
August 08, 2018, 01:32:13 AM
The two between the Bank and the cryptocurrency will continue side by side, because cryptocurrency also requires exchange with FIAT.
Fiat is always available at conventional banks and that is the absolute thing from the first stand of the Bank.
Fiat is always available at conventional banks and that is the absolute thing from the first stand of the Bank.
July 24, 2018, 12:45:35 PM
Bank in particular and finance in general are not easily to collapse. In the world, many countries are being rules by huge families relating to finance. I think crypto is a part of their plan but banking will stand longer than ever you can think. 
July 24, 2018, 03:13:35 AM
I believe banking system will always be significant wether cryptocurrency could stand on its own or not, because banks are alreasy institution and proven reliable way to handle our important transactions. Therefore i can say banking will always be significant and will always be patronized.
May 30, 2018, 02:36:27 PM
I would dare to say that banking system would last a very long time and will survive despite the cryptocurrencies. Actualy cryptocurrencies can't change the fact that banks are still the leading force in the finances and they will remain so. They are supported by governments because they depend on them and they are financing them.
Cryptocurrencies will never become a mainstream. They will grow and evolve x they will even become inevitable but they will never replace fiat money and banks. This is the truth we have to face.
Not very long time but i do rather believe it would last forever as long there are elites and for those who are on top power will always do have the right to implement things and banking system wont really be considered to be wiped out because of crypto? Its impossible! For now we should embrace on what crypto do brings into our lives when it comes to payment system but considering on what op is presuming then its really unrealistic for it to be considered. Cryptocurrencies will never become a mainstream. They will grow and evolve x they will even become inevitable but they will never replace fiat money and banks. This is the truth we have to face.
May 30, 2018, 02:15:02 PM
I would dare to say that banking system would last a very long time and will survive despite the cryptocurrencies. Actualy cryptocurrencies can't change the fact that banks are still the leading force in the finances and they will remain so. They are supported by governments because they depend on them and they are financing them.
Cryptocurrencies will never become a mainstream. They will grow and evolve x they will even become inevitable but they will never replace fiat money and banks. This is the truth we have to face.
Cryptocurrencies will never become a mainstream. They will grow and evolve x they will even become inevitable but they will never replace fiat money and banks. This is the truth we have to face.
May 30, 2018, 02:10:21 PM
for the moment the Bank is still standing upright, then how is the continuation of the bank if Crypto already stand alone and in the public know so that in use fully and all countries wear it. is there going to be a temporary panic in the financial world? .... and all the banks in every country collapse is that what will happen hopefully there is no market panic
Conversations that the crypto currency can destroy the banking system is a myth. Crypto currency is even incapable of influencing the banking system. Bankers are afraid of crypto currency just because it takes away some of their clients and therefore they lose some of their profits. The banking system itself is not afraid of crypto currency. The banking system in the future will fully work with the crypto currency after the states recognize their legitimacy. May 21, 2018, 11:34:14 PM
And the banks will thus be significant till eternity and the end of the universe, because people still love fiats
And government will keep on supporting fiat money and banks so they can still corrupt the money.
Cryptocurrency will stand on their own in the future but banks will stay and make a healthy competition between those who do business in crypto and with the banking company.
May 21, 2018, 08:36:39 PM
And the banks will thus be significant till eternity and the end of the universe, because people still love fiats
May 21, 2018, 04:16:49 PM
Whatever you do, just use both of them in a balance, i assure you that you would never get betrayed if you have that talent of manipulation.
May 17, 2018, 06:49:04 PM
Banks will continue to be operational irrespective of the rate of adoption of cryptocurrencies. There are so many people who can never use cryptocurrencies for various reasons ranging from illiteracy to resistance to social change. The banks need to be operational to provide services to these people.
Thats right. Not all of the people can possibly use cryptos therfor fiats money will still be there and wont be dominated by these cryptocurrencies . that is also the reason why banks will still be existed because without banks the fiat money or local currencies wont be generated and be distributed to the people.
Even though cryptos can stand on their own , banks can still be alive , because local money is still the one that we are going to use in order to purchase a crypto currency. Money and banks is still the root of all , that is why it is verry important for us.
May 17, 2018, 09:30:59 AM
There is a contrary matter working between them, and it depends on the role of medias greatly! Negativity spreading results in negative outcome only
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