Topic: Can Bitcoin make Banks disappear? - page 2. (Read 427618 times)
Banks won't ever disappear, the concept of what a bank is, will change and adapt to modern times, but it won't completely dissapear.
My opinion, Bank will not disappear. How can you change your coin to fiat if the bank really disappear? As far as I know, Bank will adopt Blockchain technology. It will make a great impact on their systems for banks.
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?
The power of the bitcoin is not enough to make banks disapper. I believe that many people will not let banks disapper because banks have many functions in our economy. "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?
Money is stranfer throught Bank. How can Bitcoin make Banks disappear?
We want to hope it will.
The role of banks is created and continues to exist to ensure that transactions between the parties are valid and secure. Banks, regardless of governments, continue to control their spending and continue to benefit from that control, at the expense of the parties involved.
The truth behind what I have just said is that Bitcoin's promotion is growing stronger and stronger.
However, doubts about the possibility of Bitcoin continuing to grow at such astonishing speed,
Nothing like this, it will continue to grow at this rate, which is unlikely.
The truth behind what I have just said is that Bitcoin's promotion is growing stronger and stronger.
However, doubts about the possibility of Bitcoin continuing to grow at such astonishing speed,
Nothing like this, it will continue to grow at this rate, which is unlikely.
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?
Financial institutions like banks have many purposes in our economy. Bitcoin can't make banks disappear because I know that the government will not let it happen. It is impossible that the banks will disappear in our society. "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?
BTC will let some small Banks disappear. BTC is the central bank and digital currency in the world of digital money! If people are used to transferring money by BTC, what do they need to do?
The bank's business is passing, it's only closing! So the big Banks may cater to BTC's development and make business with BTC!
The bank's business is passing, it's only closing! So the big Banks may cater to BTC's development and make business with BTC!
In my opinion, banks are not afraid of bitcoin. On the contrary, they want to receive interest from transactions, which is not happening at the moment. Now imagine what cash flow is transferred daily from one purse to another and the banks do not receive anything from it
Governments will try to regulate cryptos... some successful, some not. The banking and finance industry are about to be changed forever... and this is only the beginning. 
If everyone in the world uses bitcoin and blockchain old-style banks may not be needed but it is a very long process. In the meantime, its will renovate itself in the banks and change, i think its will make appropriate transitions by giving up banking in the classic sense of the known.
Yes it is possible but it won't be happening in the near future, you're right it involves a very long process. While they still don't have any solutions for that matter governments are starting to ban bitcoins in some country to prevent this from happening. They are protecting the banks in the way they know they're going to be benefited.
I think no.
Bank is uses by majority of people all over the world
They use bank as a way of preservation of their wealth or money.
So it is impossible to eleminate the bank over bitcoin.
Bank is uses by majority of people all over the world
They use bank as a way of preservation of their wealth or money.
So it is impossible to eleminate the bank over bitcoin.
Only banks that small capitalization or not partnering with the FinTech will die. I think it was just a marketing strategy to get what they want (create a fear of banking)
There is expeculation and possibility to happen that's is why the bank now thinking how to get involve in bitcoin. Disappearance in simple way not happen it will be another option for investment. if the the bitcoin will down or up there is other money secured also in the bank.
If the bank does not for bitcoin to cause alarm, so I think in a few years bitcoin and blockchain will replace the bank, because if the bitcoin can become an international currency, so there is no need for the bank.
Bank will not disappear because you cant do everything with btc yet,in our country you can get bond loans for a house ,you can make loans like a study loan and personal loans and much more.on the end of the day btc is a long term prosses if you start small with btc,but you can pay your loans faster with btc.
I't not my friend, the bank will never disappear even if the bitcoin value is too high or in demand, the bank's services will not be lost anywhere where ever country you go. Because it is the safest way.
It is unlikely that Bitcoin will destroy the banks. The world economic platform has always been an important place of banks. The banks moved against Bitcoin last year. In 2018, we see a different attitude.
Many banks shares are state-owned, so the state will do anything to protect the bank will not disappear, and I'm sure that if someday the bitcoin marketcap is so large the banks will receive bitcoin.
I can't imagine that it will happen someday because bitcoin is not yet accepted in many countries and there are many people who do not know bitcoin. Maybe its better if bitcoin and bank will join forces so that bitcoin will spread easily and more investors will have interest.
Bitcoin has some fascinating ways that can be similar to banks but not everything. Banks are institutions and is operating under the regulation of government. Therefore, I believe that it will not disappear because many people still have very high trust in banks because money is insured like for up to PHP500k under PDIC here in the Philippines. Babks also offers other services such as loan applications they offer.
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