Topic: Can Bitcoin make Banks disappear? - page 46. (Read 427614 times)
i doubt banks will be out of service man. Banks will still be operational, maybe we will have crypto-currency account numbers and then you can exchange your altcoin with fiat. But sorry to shatter your dreams banks are here to stay.....
Bitcoin can not make banks to disappear, rather it will make the banks to look into every possibilities of incorporating the bitcoin into one of the services they will also be rendering to the public and also make a fortune out of it. The banks having been existing for many years in collaboration with the approval of the Government, and with its services well known, understood and appreciated by the public.If Bitcoin becomes a generally accepted crypto currency, the banking sector will do all they could to control and regulate the activities as is presently been done in countries where bitcoin is approved by their Government, and with most of the citizens are trading as well as investing in Bitcoin
I'm sure Bitcoin will not make banks disappear as there are many haters of this currency. What is more, a great amount of people don't even know about Bitcoin.
I don`t think that btc will make banks disappear as in the near future they will adopt its technology. Banks has roots since many centuries whereas btc is just a new asset and things don`t develop so fast to crash a huge system.
No. Banks will remain even the bitcoin goes up. But they should adopt the cryptocurrency. Disappearing banks will not ever happen. Because not all the people around the world knows bitcoin. How about those poorest ?. So the possible happen is the bank will evolve or adopt cryptocurrency and our paper money remain.
Bitcoin is very unpredictable, at this moment we can say that it's good for the investors and the traders because the price keeps moving up and sometimes it will dump, if you do not have patience and trust then you will not gonna like using bitcoin.
No. Banks will remain even the bitcoin goes up. But they should adopt the cryptocurrency. Disappearing banks will not ever happen. Because not all the people around the world knows bitcoin. How about those poorest ?. So the possible happen is the bank will evolve or adopt cryptocurrency and our paper money remain.
The point of bitcoin is to replace banks and make us the bank. Think of it as an upgrade of technology. We all know why it is better since we all use it.
The fact the price is going through the roof is just a bonus.
The fact the price is going through the roof is just a bonus.
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?
No, even though it will rise its price unxpected. Increasing its price and demand is not means of tendency making banks to be clos, yes, their customer will be decreases its number but still they are someone left and consistent in them.
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 will not disappear, they will remain because they have the support of the government.
I think not, banks are not only keeping people's money but it act as a funding for any civil project, finance loans and other services. Banks can adapt Bitcoin and Crypto-Currencies but even the world money will be replaced by Crypto-Currencies but still Banks exist the they're using Crypto-Currencies to fund loans and other services.
I have to say no Bitcoin can not make the banks disappear never. There is a logical explanation behind this because banks are not like super markets or shops which appears and disappears or replaced by other. Actually they are providing base to all the financial structure of complex system from issues of salaries to utility bills, from loan to investment and much more than this. They both will exist and work together in future with more collaboration. I think not, banks are not only keeping people's money but it act as a funding for any civil project, finance loans and other services. Banks can adapt Bitcoin and Crypto-Currencies but even the world money will be replaced by Crypto-Currencies but still Banks exist the they're using Crypto-Currencies to fund loans and other services.
i don,t think so that this is going to happen. because both are different from each other .banks are providing facility to save fiat .while on other side btc is a digital currency .I think that the most people just need the normal banks. Some people does,nt even know that Bitcoins exist.in this world.and in the future we can say that it would be happen with new projects like banks launches by bitcoin.for disappearing banks.
I think not, banks are not only keeping people's money but it act as a funding for any civil project, finance loans and other services. Banks can adapt Bitcoin and Crypto-Currencies but even the world money will be replaced by Crypto-Currencies but still Banks exist the they're using Crypto-Currencies to fund loans and other services.
Bitcoin is more safe now than ever before. Now, the problem isn w on the user, about how he/she utilizes it. If someone hackers your wallet,it's your fault, you should have supplied much more safety and extreme caution when using it. Bitcoin will always be risky because it is decentralized and table.o uns
I think both are different and both have nothing to do with each other. Bank are the severe need of the people to save fiat and i don't think there is any chances of bank to disappear until there is fiat. A decentralized btc is not something banks are going to even attempt to work with and it would be worse for both not better. As long as it becomes even more widely accepted banks are not needed but they have nothing to fear from btc and they will never disappear unless forced to or fiat ends in 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?
It never comes to me that BTC can replace banks, it is impossible to make it disappear. There are still many bank's features/ can do that bitcoin can't. May these also make sense that only little of us know about crypto vs who doesn't.
Banks will exist till fiat exists,and if someday we could pay for everything with BTC that will be the end of banks
The existence of bank is became the people's biggest investment. Its foundation is stronger and supported by many people including the officials in one country; and I don't think Bitcoin has this power to make Banks disappear.
This is the biggest fear of bank that it fears of bitcoin thinking that it will disappear.....but it will disappear surely when the customer's of bank will get irritated by their excessive fees rate!!
Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.
I found an interesting project recently but Im in doubt. Mytimecoin, its like casback by coins for watching or using information from partners of it. Have anyone heard about it?
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?
Maybe? Because bitcoin is better than bank if we talk about money transactions but i dont think if bitcoin will replace banks because some goverments trying to banned this bitcoin because they have a fear that bitcoin can replace banks in the future. "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 will not disappear because of btc..for as long as the real money exist the bank will always be there..but that doesn't mean that bank and btc may not coexist..btc may give way to faster processing of transferring money from one location to another especially from one country to another..
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