Topic: Can Bitcoin make Banks disappear? - page 35. (Read 427614 times)
I don't think bitcoin will make banks disappear simply because banks will always have a service that bitcoin can not offer. For instance if you need a loan or mortgage how would bitcoin facilitate that service? My opinion is : Banks will simply upgrade to accommodate bitcoin but will not be eliminated completely.
I think the bank will not disappear because not everyone knows or uses bitcoin.There are still many people who use Bank from Bitcoin so I do think Bitcoin Could Make the Bank disappear.
I agree on you dude not all of the people can use bitcoin and even some illiterate can still use it, Its just a matter of cooping up with the new innovative currency if the people adapt bitcoin as a alternate type of currency the bank will still there cause there's still people who are sticking on a traditional banking system.
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?
As banks adapts to the blockchain technology they won't dissapear from the map, altought there ain't many banks addapting to the new tech it will happen soon.
i don't think so that bank will disappear.bank is very clever.they know how to handle .when they accept bitcoin,they are make a policy that will give them benefit and they will provide services to the people with the help of bitcoin.
I think the bank will not disappear because not everyone knows or uses bitcoin.There are still many people who use Bank from Bitcoin so I do think Bitcoin Could Make the Bank disappear.
That's for sure, even how popular bitcoin is, Bank will always stay as majority of the people don't want to take risk on bitcoin. People are satisfied with paper money or fiat therefore they do not need to use bitcoin, I think people who are using bitcoin are risk takers
and most of us does not want to take risk because we cannot afford if we lose.
Bitcoin can not make the banks disappear. Crypto currency in general will significantly squeeze the usual money out of the turnover, both cash and non-cash. Therefore, banks because of the introduction of digital currency will lose in their profits. However, banks are actively adapting to changing conditions. Now a union of international banks in the amount of 61 banks are going to use a ripple coin to speed up their bank transfers around the world.
I think the bank will not disappear because not everyone knows or uses bitcoin.There are still many people who use Bank from Bitcoin so I do think Bitcoin Could Make the Bank disappear.
I don't think banks will dispear, by the fact that not every body who banks knows about bitcoins
I think banks will be highly impacted by bitcoin in future. Even it is possible to disappear some of them. Because bitcoin is providing such facilities to the people that a bank can’t give to is account holder. As 24/7 access to their account from any corner of the world while bitcoin give this right. High security system even government does not know about your account of bitcoin. But some banks will remain because they are important for the state because they help the government in crises. 
it is not simple that we will say that the digital currency like bitcoin will disappear the banks from the earth. banks is doing well and it is also very successful industry in the modern times. bitcoin is important and banks is also playing very important role for now the big companies are now taking loan from these banks and it is the modern time financial institution.
Heh, only if bitcoin exchanges start paying interest on balances. The world is big, I think banks are here to stay.
The intention of BTC is not to make a financial institution disappear. It is there to improvise newer functions effective for the customers. Hence, they would not function as they do now. Rather it will help them to create a new fiat structures for newer banking procedures that will be financially beneficial for their cutomers.
I do agree with you. Bitcoin is just here to help us make other ways of transacting money or goods. as an example of it is transferring funds without charges, buying cellphone load, and others. Banks are still important as they regulate fiat money here in our world.
Also, bitcoin is not accessible to everyone yet. there are still constraints that hinder the use of it like technology. There are still places my country that don't have internet yet.
The intention of BTC is not to make a financial institution disappear. It is there to improvise newer functions effective for the customers. Hence, they would not function as they do now. Rather it will help them to create a new fiat structures for newer banking procedures that will be financially beneficial for their cutomers.
I don't think bitcoin will make banks disappear. It will just make banks to adapt to bitcoins. Meaning, banks will accept bitcoins in the future.
It's really hard that Bitcoin makes banks disappear, bank have trust, trust is very important.
The banks are one of the most powerful things on the global globe in my eyes, bitcoin price is very volatile.
The banks are one of the most powerful things on the global globe in my eyes, bitcoin price is very volatile.
yeah banks can disappear if they will not react about it because bitcoins is rising now and people are going crazy about it and everyone is trying to win some bitcoin to buy something with it
Although bitcoin's follower and believer is increasing everyday,its still isn't enough compared to the number of people who trust banks and have their money rest in it. If banks will disappear,it'll be difficult to transact for people who don't have any idea what bitcoin is. However,bitcoin is inclined with technology,if the technology we have now would upgrade big time,then it might be possible that bitcoin will replace banks.
It will be difficult for a person who don’t knows about bitcoin. It is not a huge problem those people will knows about bitcoin soon depends on their interest. Talking about bitcoin will disappear banks. I think yes. In ancient time people use other ways instead of using money. May be in modern era people will use bitcoin as a money and for sure it will disappear banks. 
banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box. they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.
Bitcoin can even do, much better than banks, it is not only safe but also very secure not all people will be able to see your bitcoin balance and your amount of money from bitcoin it is just because of highly secret currency. You can put all your money in bitcoin and it will remain safe and safe, bitcoin will increase your money that banks cannot and in banks it will not grow in number but bitcoin grows.
banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box. they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.
Bitcoin can even do, much better than banks, it is not only safe but also very secure not all people will be able to see your bitcoin balance and your amount of money from bitcoin it is just because of highly secret currency. You can put all your money in bitcoin and it will remain safe and safe, bitcoin will increase your money that banks cannot and in banks it will not grow in number but bitcoin grows.
Bitcoin can thrive and exist for a long time but the bank is still here and bitcoin can not make the bank disappear. The bank has some benefits that bitcoin does not have.
I think that banks will not disappear anywhere. the government trusts them more than Bitcoin.
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