Topic: Can Bitcoin make Banks disappear? - page 18. (Read 427618 times)
Not for the moment surely! There will always be people who wants to borrow money and more traditional people will use bank to save money.
Prime Minister Benjamin Netanyahu commented on the subject of cryptocurrencies and the future of the banking sector. In his opinion, banks are doomed to extinction, reports Bitcoin.com.
In conversation with journalists the Prime Minister of Israel said that buying and selling bitcoins the same as transactions with traditional currencies. The only difference between the transactions with the cryptocurrency, according to Netanyahu, is the lack of a third party that would monitor risks and to compensate for losses in case of fraud. "That's what the banks, they take all the risks associated with buying and selling currency
In conversation with journalists the Prime Minister of Israel said that buying and selling bitcoins the same as transactions with traditional currencies. The only difference between the transactions with the cryptocurrency, according to Netanyahu, is the lack of a third party that would monitor risks and to compensate for losses in case of fraud. "That's what the banks, they take all the risks associated with buying and selling currency
Precisely banks how they are now = yes, but with a time banks may transform into something more advanced, so general answer- no.
Maybe in 100 years to come because everyone need to know what it is for it to be that 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?
Without anything easy, investing in bitcoins is not easy, so we need to be careful about how to be alert and make the right decision at the right time to bring about a high economic return. . There are many good relationships, frequent discussion about bitcoin, so new update the current knowledge of bitcoin dynamics, given strategies for each moment, have such new success"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 physical banking institution will not disappear, it is already an established financial system that has been using since the ancient times. But what I see is they will try to adopt or learn from Bitcoin and other altcoins. This how the future goes.
Yes , people use mobile as bank in future but banks will not be destroyed but people don't use physical banking they use online banking instead of that , it is one of the next level to the future generations .
they will do is just online transaction but still we cannot deny that majority are not using online transaction.
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?
with a high public interest, it is likely to happen."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?
but there is one thing to note, the role of banks in bitcoin is also influential, because, to be able to enjoy the bitcoin, not impossible through the bank.
so, it seems will always be balanced existence.
I think physical banking institution will not disappear, it is already an established financial system that has been using since the ancient times. But what I see is they will try to adopt or learn from Bitcoin and other altcoins. This how the future goes.
Yes , people use mobile as bank in future but banks will not be destroyed but people don't use physical banking they use online banking instead of that , it is one of the next level to the future generations .
I think physical banking institution will not disappear, it is already an established financial system that has been using since the ancient times. But what I see is they will try to adopt or learn from Bitcoin and other altcoins. This how the future goes.
in the short term, bitcoin will not replace banks, but the technology of the blockchain essentially makes the banking system is not needed. So that in the future, it is likely the banking system will be replaced with the integrated blockchain space for financial transactions. 
There's a high probability that banks will perish in the industry, that's why bank owners study bitcoin and look for an opening that will help them eliminate bitcoin in the industry because they see's bitcoin as there number competitor.
It is possible. I know banks are not keen on Bitcoin because it represents a threat for them. But I think those banks who find solutions to implement their business on the blockchain will survive
For me it will not dissapear. If it happen that Bitcoin will totally replace the paper money, the banks can easily shift their banking business too that from fiat currency to digital currencies because they are already used to digital transactions in which to think that fiat and bitcoin are the same currencies with just different platform.
I think bitcoin will be the leader in the crypto space for hire some time. It will be used as a digital store of wealth and you will fund your cards from your balance.
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.
yup you are right
It's too early to think that bitcoin could disappear the Bank.
I think it's possible in some ways but it is hard think bank could disappear ? i know bank owner or association that regulate will think many ways to think such service that can be purchase by the customer to survive in the industry.
I think it's possible in some ways but it is hard think bank could disappear ? i know bank owner or association that regulate will think many ways to think such service that can be purchase by the customer to survive in the industry.
Actually this is what the bank fear from bitcoins existence. From their passion and excellence they become number one so sooner or later they can replace banks all over the world
it is impossible, for many years the bank has become one of the assets that contribute greatly in the world currency exchange rates. bitcoin is just a beginner who has just as a digital currency while the bank has raised the atm as one of the digital currency. bitcoin is just as an asset not as a world money bank
I believe banks will always be around and that at least the US will always be on a fiat system. I'll be interested to see in the future if any banks will allow the storage of both fiat and cryptocurrencies with the ability to easily exchange fiat to BTC or BTC to fiat without leaving your bank account. That certainly won't happen anytime in the near future. But I'd be interested to see what changes are made to banking in the next 20 years.
Bitcoin can makes banks disappear,it is better than bank.we can send and receive the money anytime.bitcoin transaction charges are better than bank.
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