Topic: Can Bitcoin make Banks disappear? - page 20. (Read 427614 times)
Don't forget about Crypto banks. This is very new branch of Cryto economics, and in few years Crypto banks may hold sufficient part of world Crypto cap.
I believe that would be quite hard to achieve. Banks wether we like it or not are here to stay. Even if crypto will be the main currency. Banks will find a way to adapt to the change without us noticing it.
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?
im sure it can...but it will take a long time to make bank dissapear..."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 make sure that all people know what is btc...in my country just a less people know bitcoin...
I do not think so . Bitcoin is not strong enough to overthrow the banks. Banks are also supported by the government, and this is where traditional coins are kept. I think bitcoin development is still better today. Perhaps the bank will accept bitcoin
The banks and bitcoin has a good raltionship as of now since they need the services of each other.
The thing is sooner or later they will become a big rivalry since the bitcoin has a great performance and many expert sees their potential to dominate in this world.
The thing is sooner or later they will become a big rivalry since the bitcoin has a great performance and many expert sees their potential to dominate in this world.
I think banks will not disappear.
They can change or can work with bitcoins.
but they will never disappear as fiat will never disappear too.
If fiat comes to the point that has no use already,
then thats the only time that banks can disappear.
But as i have said, its impossible.
They can change or can work with bitcoins.
but they will never disappear as fiat will never disappear too.
If fiat comes to the point that has no use already,
then thats the only time that banks can disappear.
But as i have said, its impossible.
I really like your view, it seems the bank will remain there, over time maybe later the bank will work with bitcoin, to facilitate us to transact digital money (bitcoin) that we will see later.
if a government using blockchain to record all kinds of the form of the agreement or transactions, would be impossible for someone to do the action of corruption,No single computer is capable of altering transactions already recorded in Blockchain, so "smart contracts" using this technology can pinpoint and pinpoint where their money flows-which will be a much better form of accountability than they are today . A company will not be able to falsify its account. All remittance transactions from government agencies will be recorded.
This system can also have an impact on the current central bank system, said a minister from the British government. Speaking to Wired Magazine, Minister Matthew Hancock said that "in a country where a currency needs a central bank to regulate its circulation in order to manage the country's economy, the central bank is definitely needed ... But most importantly, when people can already pay each other in currency which are not connected and fixated on the geographical location of a particular country, then the need for central banks will also be reduced.So we can come to the conclusion with the word "could have happened"
This system can also have an impact on the current central bank system, said a minister from the British government. Speaking to Wired Magazine, Minister Matthew Hancock said that "in a country where a currency needs a central bank to regulate its circulation in order to manage the country's economy, the central bank is definitely needed ... But most importantly, when people can already pay each other in currency which are not connected and fixated on the geographical location of a particular country, then the need for central banks will also be reduced.So we can come to the conclusion with the word "could have happened"
as of now with the trend that we are experiencing in cryptocurrency i don't believe that bitcoin could make bank disappear in the near future.
there is a possibility though but it may not happen in our lifetime.
in order for banks to disappear there must be a huge number of people using cryptocurrency as their only means of doing transactions.
but as of now we are not seeing it yet therefore banks will still remain for a long time.
there is a possibility though but it may not happen in our lifetime.
in order for banks to disappear there must be a huge number of people using cryptocurrency as their only means of doing transactions.
but as of now we are not seeing it yet therefore banks will still remain for a long time.
Definitely not. Banks is established as the first gateway of conventional money. Bitcoin might just be a bridge to some Banks to earn much more as on how they will plan to gain profit from it to continuously.
I think Banks would still remain since it was already established a long time ago and people are already used to transact on it. The thing is, even Bitcoin would reach the peak of popularity, Banks would remain and instead they might use bitcoin also in their transactions.
I think that will never happen. The bank has many benefits and it is the state bank. Bitcoin is digital money, it has no clear source of investment. The future of bitcoin is uncertain. Bitcoin will not make the bank disappear.
On my opinion, in next 5 years, most of banks will support deposits and transactions for Crypto currencies along with flat ones.
If bank will, maybe government will accept cryptocurrencies as USD, Euro..
I'm sure the bank will not disappear. chances are banks will learn how bitcoin systems are. Even banks will work together with bitcoin if bitcoin continues to advance.
Not exactly disappear but it can replace banks system if you ask my opinion.
Banks instead of disappearing will start accepting Bitcoin.But some services provided by banks like credit,portfolio management will save them.
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 the bank will not disappear, it's impossible for everyone to switch to bitcoin. Banks will still be there to manage finances.
Bitcoin is only an alternative way, but the banks are still necessary to cash out
if bitcoin make banks disappear who will replace bank place.
bitcoin and other can’t be accepted as payment system so that Bitcoin can’t make Banks disappear
bitcoin and other can’t be accepted as payment system so that Bitcoin can’t 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?
Banks aren't going disappear,we still need the bank to save our money."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?
Bitcoin is alternative to 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?
"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 don't think banks will disappear and we should not be hoping that as well, we may see banks adapting to the blockchain technology in future and bitcoin being used as an alternative currency (not the only and mandatory). this way the balance will be maintained in the economy.
Jump to: