Topic: Can Bitcoin make Banks disappear? - page 38. (Read 427614 times)
i doubt this can happen. crypto currencies can never replace physical currencies. regardless of how you view it, there are still places in the globe that are technologically challenged. and not everyone in the world have gadgets and electricity to use for cryptos. As long as we have those, physical money cant be replaced nor the banks to disappear
There are more trust in bank than blockchain by means of having assurance of getting back your money if your account are hacked and we see physically are money.
I don't think so. Banks will always exist until people don't use cash anymore. But in the visible future, it is impossible to abandon cash thoroughly.
perhaps in terms of certainty there must be, so now see more and more banks are adopting or developing blockchain technology in order to keep up with technological developments and to continue to run in tandem between conventional banks and technology owned by bitcoin that is more efficient blockchain technology .
Banks won't disappear just because there is bitcoin. We still need banks, bitcoin will not always be with us because we can only access bitcoin using the internet. So what will happen if banks and internet disappear? Where and how would you get and put your money in? I say we both need 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.
I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
That's true, only few people can use bitcoin so bank will still be the most trusted firm where we can safety our money, they are centralizedbut they are are guided by the law so they will always gain the trust of the majority of the people.
I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
it is possible, if one day bitcoin can be accepted by all people and the government did not forbid it could be a bank is not useful.
Bank only serves to collect taxes, if bitcoin transactions do not need a bank then for what is still using the bank. Would not it be better if the bank was abolished
Bank only serves to collect taxes, if bitcoin transactions do not need a bank then for what is still using the bank. Would not it be better if the bank was abolished
Probably not. Indeed bitcoin has a great impact to society, but I do not think so that bitcoin can make shutdown nor disappear the bank. Lets talk about it why bitcoin cannot make the bank disappear, first factor we cannot convert bitcoin to a real money because there are no bank companies will provide the real money to be converted. Second, large amount of bank employees might end up being unemployed. Third, investors might not invest to the country where bank are no longer existing because money are no longer safe. Fourth, business might get bankrupt because the people who depends on bank can no longer depend on it. So, all in all bitcoin cannot make bank disappear because bank companies and government probably will not make that situation possibly happen.
We might think , banks will disappear? But for me I don't think so, it will never be happen at the end of the days banks will do everyrhing to find ways and to renew their services , perhaps merging banks and cryptocurrency will help. Now a days there are some banks enter the world of cryptocurrency , I think the client money that they invest ,the banks also invest it on cryptoworld and hire a professional traders to gain profit or maybe they can evolve into lending type banks .. a legit one but these are just my conclusion and still there is a wide possibility.
Experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
I don't think that banks can be replaced easily by bitcoin. Yes bitcoin has been leading the investing market so quick that paper currencies can't afford to beat at this very moment as long as the existence of bitcoin will not be interfered by the government. But banks are so strong right now because it is being supported by the government. When the time comes that banks happen to disappear, I think the government will still retain it but will use bitcoin instead of paper currencies. 
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?
it will not happen, bank means of transactions that have long known to the public and not all banks know or receive btc."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 will never disappear nor will bitcoins ever be able to compete with banks on a one on one bases. Lot of us still keep a savings account at normal banks just for security.
Experts say that Bitcoin 'Here to Stay,' But Banks Could 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?
"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 is still a possibility but judging from my view some will disappear but some might go and try to destroy bitcoin. some will try to call help from the government knowing that we are not under any government protection we might get banned.
No, I think that's impossible. Every country needs banks to store traditional currencies. Bitcoin can not make the banks disappear. I think maybe in the near future, banks can accept bitcoins.
I think that can not happen. Many people must use their banks. And I think older people dont even know what Bitcoins are.
Maybe in the future there is a chance that can happen. But we dont know what can happen later in the future.
Maybe in the future there is a chance that can happen. But we dont know what can happen later in the future.
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?
you cant divide bitcoin because its high fees, you cant fund projects with bitcoin, you have with tether a bitcoin cause bank that is just an LTD and very dangerous with 1 billion us dollar risk recentralisation
regards
Bitcoin can not make banks disappear, but can make a big impact on bank policies and regulations. Maybe the bank will make a bitcoin savings and loan service.
Jump to: