Topic: Can Bitcoin make Banks disappear? - page 3. (Read 427612 times)
In my own opinion, the banks will never disappear. Fiat money is still good for low-cost transactions, as crypto transaction fees now are still high. But cryptocurrency may overtake fiat money in the future in terms of usage.
It is often said that the time will come when the bank will lose it will not happen. We know that bitcoin moves and other altcoins are not stable and that's what other people do not want. Others prefer even less interest in the bank than altcoin and bitcoin who are unsure of the increase in money and have the chance to lose. Perhaps they will also use digital currencies but the Bank will lose it as saying that there is no FIAT.
#Datarius
#Datarius
Bitcoin shouldn't make banks disappear. Maybe banks will change and they will adapt to bitcoin in order to work together
I dont really think that bitcoin can make banks dissapear, because banks is running in thid world for a log time and all people in this world is know banks and bitcoin can not make banks disappear because a lot of people is trusted and know banks unluke on bitcoin.
I think banks will not disappear due to bitcoin but their role will be smaller, they will also adapt to the new technology in order to survive.
Bitcoin can't make the banks disappear they will always be around because people will always need a place to get loans from and I don't think Bitcoin is a great way of taking out loans either.
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 don't think that is so near from happening. Banks and bitcoin are actually in good terms right now. The transactions and convertion of bitcoin into fiat money. Maybe somewhere in the future, bitcoin will replace all the banks for the convenience of everyone. As time passes by and as bitcoin innovates, the chances that bitcoin will replace bitcoin will increase. "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 so. Banks will do their job. It will only now be accepted. And also banks will be a means of correction maybe in your wallet
It can be a result of the globalization. Because we needed banks and It is created because of our financial need. Now many of us use cell phones as a bank office. In very near future banking system can be disappear or they can be convert as a coin bank
Their is a big possibility bitcoin can eliminate or make banks disappear. It is the power of bitcoin and also the support of all bitcoin users. It is a good news if it will happen many people can easily bring their own money just using their cellphone or other gadget that can connect in digital world. This might be a big impact to bitcoin world.
There was some guys from Israel that claimed that crypto will make banks dissapear. I left a link down below so you can read more about this subject:
https://news.bitcoin.com/israeli-pm-netanyahu-says-bitcoin-is-rising-as-banks-are-destined-to-disappear/
https://news.bitcoin.com/israeli-pm-netanyahu-says-bitcoin-is-rising-as-banks-are-destined-to-disappear/
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.
Bitcoin shouldn't make banks disappear. Maybe banks will change and they will adapt to bitcoin in order to work together
Banks will integrate in the crypto or we could say the other way around.
Even with full crypto adoption people still need them.
Even with full crypto adoption people still need them.
How will this make bank close down, its not possible, banks will only adopt the technology by using it to help them with easy transaction.
Bank will always exist and crypto will stay also, we still make transfers of our btc into bank account for conversion
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 don't think bitcoin will make Banks disappear. Now in the world, only a small number of people know about bitcoin, but everyone knows about it. The bank has the backing of the state, and it is hard to go away, and now bitcoin is no longer a threat to Banks. "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 wouldn't be easy for bitcoin to make bank disappear bcause they are funded, they will always strive because they have regulations and laws that support them. Bitcoin as well as banks will stay forever I think because they have their own capabilities and financial powers.
No way! Bitcoin need banks to show how good he is 
But honestly govenment of any country will try to protect their banks if something will happen.
But honestly govenment of any country will try to protect their banks if something will happen.
Where do they disappear? Wonderland? There was no such thing. Banks will change but not go away.
it can, why not ? if bitcoin and other crypto is going to used by the whole world,
it will surely disrupt the bank system. peoples will prefer crypto than regular bank
it will surely disrupt the bank system. peoples will prefer crypto than regular bank
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