Banks in would disappear in the way that they wouldn't function as they do now. But this is only the case if bitcoin becomes a widely accepted currency, and we see worldwide adoption. If a currency still keeps fiat as it's primary currency, then it would need banks. Simple as that.
Bitcoin is develop to facilitate digital currency in the market, it is an option for those people who are loosing their solemn trust with banks with very low interest rate upon saving. But, perhaps the vision of bitcoin developer do not focus on destroying banks on the market, since banking and money management are two different thing. The actual impact of digital currency like bitcoin on banks is yet to be seen, but forecast and speculations from economist and market experts are for us to analyse. 
Topic: Can Bitcoin make Banks disappear? - page 26. (Read 427618 times)
Maybe banks will dissapear one day, but global changes in economics and cryptoworld are needed for that.
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 that it might be happen if there is a lot of people someday depend on bitcoin. If no one go in the bank it is possible that bank will not exist in future and the bitcoin will be the alternative of it. If the bank has no use in the community the bank may not exist someday.
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?
Hi there BTCBinary! I think bank will not disappear, just what most people think of when the computer is invented, they think that calculator could disappear because of that. Same scenario happen when email and electronic chat were created, it manage to become the leader in communication but mail and hand written letters did not disappear. Currently, banks is looking for the blockchain technology, on how the technology could help their institution in providing better service.
yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.
i think that banks will not disappear there always a way to manipulate people but there is a new born of financial system that make people more comfortable in business that's why i like bitcoin
If banks loss its significant to community and to the economy it will gradually disappear in our time, we really don't need banks according to the articles written by evonomics
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?
bank could disappear but i dont think it cause of bitcoin. maybe altcoin such as XLM that been so high latelty that could change the world of bank "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, I highly doubt it.
Bitcoin is a system that aims to facilitate transactions without the need for a bank.
People tend to overlook the fact that anywhere where one transacts value in different forms inevitably forms an economy. There shall be tools and factors that influence this economy to cultivate it. Banks are just one of the factors that influence economy. Banks run within a different kind of economy. Banks are designed to safeguard people’s money, lend the same money to people that need them to collect interest and eventually have the money rotated within to generate maximum value per rotation.
Bitcoin’s economic model differs from that of a bank.
Bitcoin is a system that aims to facilitate transactions without the need for a bank.
People tend to overlook the fact that anywhere where one transacts value in different forms inevitably forms an economy. There shall be tools and factors that influence this economy to cultivate it. Banks are just one of the factors that influence economy. Banks run within a different kind of economy. Banks are designed to safeguard people’s money, lend the same money to people that need them to collect interest and eventually have the money rotated within to generate maximum value per rotation.
Bitcoin’s economic model differs from that of a bank.
that the banks are disappearing is a good thing, when we see that they are at the origin of the current economic chaos
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?
I find it very difficult. At present, the bank still hasn't put bitcoin in the eye, but the blockchain has attracted the attention of the bank. "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?
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 could not disappear because everyone is using it and it was not nice to remove banks on the country because not everyone is capable of earning cryptocurrency so we should just stay the way on what is happening today and enjoy the growth of bitcoins.
I don't really think that banks will disappear so soon - they are those who actually rule the world, do you really think they would just simply disappear by magic? It is more likely that the world disappears before the banks do, actually.
I don't think bitcoin can maybe in the next next generation but I really don't think it will happen. Bitcoin cannot replace banks, we or some people used to transfer their funds from bitcoin to their bank account.
impossible for now,but in the long future it might. It is funny to imagine our son or grandchild use bitcoin.
Banks will disappear but not in the close future. Since people that don't have access to computers and internet exist, they are still customers of traditional banking system.
But after one or two generations, all monetary system will run on crypto.
But after one or two generations, all monetary system will run on crypto.
I totally disagree! Bitcoin couldnt replace the banks. Although bitcoin had many attributes like decentralized and fast transactions. We cannot say that bitcoin could totally dominate the finance sector that may results of closed banks. There are services which bank provides not provided by bitcoin.
Even many people predicted that bitcoin is the new face of currency or currency of the future, we can not say that it is intended to remove bank in the future. Why? Because the great people and government behind banks will not allow that to happen. Banks are their source of living and bank is the reason why they become wealthy.
Even many people predicted that bitcoin is the new face of currency or currency of the future, we can not say that it is intended to remove bank in the future. Why? Because the great people and government behind banks will not allow that to happen. Banks are their source of living and bank is the reason why they become wealthy.
Bitcoins will stay for a long time but banks can never disappear they are in lead by governments.
I dont think so, same as the crypto will not make our conventional currency disappear; the banks will also remain maybe improved as they can offer more security to our e wallet if they can think of any way to do that.
Banks are still vulnerable from dissappearing but it is hard and bitcoin is not strong enough to do that
Jump to: