Topic: Can Bitcoin make Banks disappear? - page 12. (Read 427618 times)
I think banks will not disappear. They will somehow find ways to upgrade, for them to offer services for bitcoin. But for now, they cant control bitcoin.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
No, bitcoin can not make banks disappear, banks will continue to exist because people will still need banks for loans or saving.
Bank will not disappear in favor of bitcoin because they have already established their position in the industry and one thing more almost all transactions are done through banks so no fear banks will not disappear.
The conventional banks will adopt the new environment and blockchain payment processing, they can save lots of money.
I think not because everyone needs a bank, even though there is already a bitcoin but we also need cash for certain moments to take the money we have to go to atm bank. hopefully they can work together.
I dont think bitcoin can make banks disappear. Wether we like it or nit banks are here to stay. I believe that when crypto become world wide accepted, banks will just evolve and cope up with the change just like what we do when things change.
I don't think so, because banking is have their own use and advantages and function. There are many uses that cryto currency is hard to replace it but surely the bitcoin in the guture has there own banking or atm card where as the user will easily use the bitcoin in their daily living.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
Banks will not disappear even the nations will become a cashless country because there are a lot of people who already invested on banks when bitcoins does not exist before at the first place. People will still use banks no matter what happen but they will earn less investors when bitcoin dominate the market.
Very likely, when all transactions can be done by yourself without any bank will certainly make the banks deserted and slowly can close the business. I'm sure if everyone using bitcoin, then the bank will close automatically but no time soon, because the user has not been much bitcoin.
Depending on how the person thinks like what? .. if our thinking forward could have happened, but now does not know how to what, what else in this super technology era Cangih this. With the passage of time what can not we make the bank disappear. In a remarkable way.
Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.
yes of course the banks in each country I think will not disappear, they will definitely add a service that is also still associated with banking, and may be the payment system may use the currency bitcoin not with the currency that exist in each country
Fears of the unknown is the reason why most nations of the world kick against this emerging digital currencies. Its creating solutions around the world. Bitcoin won't make banks disappear, it will only make like better. If ATM wont make banks pack up, then BTC won't pack up. Its just for banks to position themselves for the blockchain industry and make it work. Its revolution to the world is massive, it can only get better not worse with the blockchain technology.
Could be but who knows,, I'm sure banks and central bank will do all possible solution to make sure their service is still relevant
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
Probably banks might disappear (no longer function as they do now). But this can only happen if bitcoin becomes a widely accepted currency, then we will see worldwide adoption of bitcoin. If a country still keeps fiat/real money as it's main currency, then that country would need banks.
No, because bitcoin can't create loans, but crypto finance has the possibility to make banks disappear.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
That's exactly will happen if bitcoin will continues to over power other currency and that's also the reason why bank owners fear this thing. They have start studying how bitcoin's blockchain system works so they could merge with thier own banking system and make them more powerful. "TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
I think it will not happen, because the bank is also under the auspices of the government of a country that has a strong oversight system
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
I think it will not disappear because many people are using banks for many years and they know that it is trusted. They will refer it to their children and it will pass down to their race that's why it is difficult to bring down banks.
I dont think so it will not happen. It is impossible that bank maybe disappear. Lots off people use's banks for there money. And generaly banks is a part off every country or society. And bank is playing a major role in every country or society. How can we withdraw without bank if that will happen?. Who knows, maybe someday in a further future bank will adopt bitcoin.
I don't think so. I still use the bank regularly for my crypto transactions and I don't see this changing anytime soon. I deposit fiat to my trading account through banks. I also withdraw cryptos from my trading account to fiat through banks. Banks are still playing a major role in the daily activities of traders and I don't see this changing any time soon.
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