Topic: Can Bitcoin make Banks disappear? - page 32. (Read 427614 times)
i think bitcoin can't disappear banks.. because most of the people don't know about bitcoin... almost all the people use banks and that won't depends upon educated or uneducated, rich or poor... and most of the people trust only the banks... so after few years bitcoin will be popular but still banks will be there...
No, Banks can not disappear but will certainly key into blockchain technology to remain relevant and still maintain employment to the populace and pay government taxes.
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 are unlikely to disappear, because a country needs a bank to manage finances.
I do not think that bitcoin is so strong that it will change neither in the present nor in the future, since the banks simply will not allow it to be done
Bitcoin will be one of the new technology that would be big in the future but banks will get stronger and stronger because they are regulatedby the government and the way of transaction which the government would support most are those centralized transaction like the banks are doing.
I think banks are needed and will be for a very long time
No that is most impossible. because you can heavens that of course many people are using bitcoin, bt you never know what will happen along further more the value and that is difficulty. i perspective to the fore-looking that there will be more people must use banks because it is really important for them.
I do not think that bitcoin is so strong that it will change neither in the present nor in the future, since the banks simply will not allow it to be done
I think banks is doing good jobs many of the economy functions are performed by banks. In the 19th century the banks have very successful industry. in the financial crises the banks and other financial institutions were very badly affected. but from that time to now the banks is providing many good services and other benefits to the economy. There is no clear reason to which we will say that banks will disappear and bitcoin is also a good way to make transaction through out the world.
I agree. Saying that the banks will disappear because of bitcoins is just so stupid to say. Banks have survived a lot more than bitcoins. And even though a lot of people are using bitcoins already, this doesn't make bitcoins win. Because some goverments are hating on bitcoins amd are siding with banks. Plus all the people that are paid or get benefits on fiat that are spreading nonsense crap about bitcoins, i really can't imagine bitcoins replacing banks anytme soon. Because like humans and other animals, i think banks have the capability also to adapt to changes.
I think banks is doing good jobs many of the economy functions are performed by banks. In the 19th century the banks have very successful industry. in the financial crises the banks and other financial institutions were very badly affected. but from that time to now the banks is providing many good services and other benefits to the economy. There is no clear reason to which we will say that banks will disappear and bitcoin is also a good way to make transaction through out the world.
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?
if I think the bank will not disappear but only the bank's procedures will change.
In my opinion, It is impossible that bank will disappear because bank has an offer that bitcoin can't offer for the people like loans for houses, business and many more. bank will not disappear but they can change or they can work with bitcoin.
yea idea of the mate is correct up to an extent that bitcoin will never disappear bank system due to the reason that bank system is very old, trusted and strong system throughout the whole world while also bank system is legalize in every country while bitcoin is still not with addition with this become system is offering various offers like giving cars,house etc while still bitcoin is still not giving any such offer.
Bitcoin doesn't have the potential to replace fiat it's impossible. Its ecosystem is too vulnerable to drastic changes overnight and no one in their right mind would want this to be the main currency of their country, Let Bitcoin be a great investment vehicle and buy your groceries with banknotes in the local supermarket
In my opinion, It is impossible that bank will disappear because bank has an offer that bitcoin can't offer for the people like loans for houses, business and many more. bank will not disappear but they can change or they can work with bitcoin.
It can be happen if everyone all around the world start to using Bitcoin. For using Bitcoin wallet everyone should have a mobile phone. As we all know now a day mostly peoples have mobile phone and everyone start doing small to big transactions by Bitcoin. So it can be possible that Bitcoin can make banks disappear.
My hope is that bitcoin or other cryptocurrency's at least take a big chunk of their market if not completely.
I think it is possible because people from this generation know what banks can and will do .
I think it is possible because people from this generation know what banks can and will do .
bitcoin can't makes bank disappear. why? because as i know that bitcoin and real money(paper money) have a big different, so i think id the bitcoin can makes bank disappear i think the real money is useless, its mean that in all the world is not using real money (paper money) and they all using digital currencies
No currency or investment tool ever replaces any bank. Banks has history of hundred and more years. Banks are the backbone of many economies. Banks perform many activities which no other institute can perform. For many remote areas, villages banks are the only financial institutions. Every country whether developed , developing or underdeveloped have their own banks. Bitcoin is a young currency, it has long way to go to establish itself. Bitcoin is a currency and a good tool of investment. Its functions are different from banking functions. Bitcoin has not yet reached in all parts of the world. More than 60% of world`s population know nothing about bitcoin currency.
As you can see, Bitcoin is a good coin with impressive development. However, it also has many weaknesses in payment such as high fee and slow transaction speed. Moreover, The banks in the world begin using technology of cryptocurrency in their system such as Ripple's technology. So, Bitcoin can't make the banks disappear.
Me i feel banks will reduce drastically. but they might not disappear completely.
I do not think that Bitcoin will make Banks disappear. We need banks in order to get fiat into the current Bitcoin exchanges to buy Bitcoin.
How can any one seriously think that something as Bitcoin can make banks vanish. Bank is important for every country.
How can any one seriously think that something as Bitcoin can make banks vanish. Bank is important for every country.
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