Can Bitcoin make Banks disappear? - page 48.

Crypto4K

copper member

Activity: 247

Merit: 12

decentralize money

Quote from: ASKoranteng on November 26, 2017, 06:36:42 AM

Bitcoins can't make banks disappear because very soon all the banks will come on board and offer bitcoin transactions. Banks play a major role in the world's economy and so they will have to fuse their services together.

No. We play a major role as the customers. If no one uses a bank again, but lends money directly in a peer-to-peer system - what's their role in the economy???
Get yourself seriously informed about bitcoin PLEASE. It's all about the CROWD.

GET INFORMED - BEAT THE BANKS
https://www.youtube.com/watch?v=Zc41H8oqPik

Lannie25

full member

Activity: 378

Merit: 100

The big rival or threat of commercial banks is cryptocurrency, especially bitcoins. From the performace of company and management of bitcoin it brings them to the number one spot in this field. The good principle in decision making, strategy management, well detail plans and wise financing helps them to become more productive and efficient. From this they receive lots of awards and achievement which bring a threat to the bank that they can be beaten by bitcoin in future.

RakknRoll

member

Activity: 336

Merit: 10

From the potential of bitcoin in electronic banking industry, there is no doubt that bitcoin can dominate the bank in future and consider cryptocurrency as a standard industry in any means of financial transaction.

mylyn2327

member

Activity: 294

Merit: 12

Quote from: kevin go on January 11, 2016, 09:48:55 PM

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

A bank can disappear because some get bankrupt or face crisis. But other banks might buy it and merge to their recent bank. So bank cannot totally disappeared because of bitcoin. There will be war against each other but banks are hard to get down. Even though all people will be familiar with bitcoin doesn't mean bank will disappear. And i am looking forward to what bitcoin will be in the future and i am hoping it will be stable as banks are today.

Snub

hero member

Activity: 812

Merit: 500

Banks will exist till fiat exists,and if someday we could pay for everything with BTC that will be the end of banks

P60

full member

Activity: 378

Merit: 100

Decentralized Digital Billboards

Quote from: Jigsawman082076 on November 26, 2017, 12:05:12 AM

I'm sure bank will always stay because we always need the services which the bank offers such as loans and credits. If bitcoin has this kind of services maybe they can really make banks disappear.

Yes, because a lot of people are not dependent on their services. Also, Banks will stay because of its power worldwide. Bank is introduced first before Bitcoin and it became widely known because of the advertisement on social media and TV commercials. The built trust are stronger, it may not give a high value of interest as you invest, but as what you have said, bank offers loans and more; one of the reasons why people are supporting it.

elie_s

member

Activity: 112

Merit: 10

If governments around the globe gave no restrictions to bitcoin bank as we know it will disappear this process is gonna take a lot of time to happen and it all depends on the spread of bitcoins around the world

Gotumoot

sr. member

Activity: 1372

Merit: 261

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

We can not say if bitcoin can afford to lose the bank in the countries. Many people are more likely to use the bank than bitcoin, bitcoin because they are not yet familiar with the countries. He is not yet well known or that we have not yet been legally recognized in other countries that are supported by bitcoin. But I do not think that the bank will lose the world, it's better to use it in the eyes of others. Bitcoin because they are not well known in around the world.

Naoko

hero member

Activity: 812

Merit: 1000

for me it's completely different structures of the economic market...maybe they can compete in some sense, but never one will supplant another

ASKoranteng

newbie

Activity: 42

Merit: 0

Bitcoins can't make banks disappear because very soon all the banks will come on board and offer bitcoin transactions. Banks play a major role in the world's economy and so they will have to fuse their services together.

selectaselectine

member

Activity: 235

Merit: 16

I-CHAIN - The Revolution of Digital Advertising

Banks can undergo changes but it will never disappear.

Lingqingyi

member

Activity: 168

Merit: 10

Open and Transparent Science Powered By Blockchain

This is unlikely. After all, the currency of the transfer speed is so slowly, and the transfer fee is so high, not suitable for as a kind of currency, most Banks are now also did not let him in the eye.

Nylelyn

member

Activity: 296

Merit: 13

Bitcoin in the future might encourage people to minimize the service they need from the bank thru peer to peer transaction and online wallet, where they can easily make money transfer anywhere. But this does not mean that peoole will not be needing bank services. Security of your money, time deposits, various types of loans and mortgages, credit cards, are important for our personal and business transactions. Therefore, banks will remain as it is centralize and govern by the government.

Mabhel19

newbie

Activity: 20

Merit: 0

I think no because banks are responsible for making bitcoins into cash

Jigsawman082076

member

Activity: 247

Merit: 10

I'm sure bank will always stay because we always need the services which the bank offers such as loans and credits. If bitcoin has this kind of services maybe they can really make banks disappear.

Creepyman200876

member

Activity: 104

Merit: 10

I don't really think that banks will disappear because of bitcoin but they would just simply incorporate the system in which bitcoin is implementing and still apply their own bank regulations on it. Banks will adapt to the new trends in which bitcoin is implementing in order for them to survive.

Melit02

member

Activity: 180

Merit: 10

No, bitcoin can't make banks disappear. When they are using banks it can't be fade away easily. Bitcoin can help you to invest and earn money here. You can save here for your future. Bitcoin money is the new digital currency and it's known in our universe.

Boybugwal760820

full member

Activity: 308

Merit: 100

Banks may disappear if all the people in the world will have the exact knowledge of what bitcoins or any other cryptocurrencies may offer to its users such as the anonymity to transfer large amount of money any where in the world for a small fee and avoiding taxes also.

rasmadisulaiman

full member

Activity: 364

Merit: 100

I think for now the bank will not disappear with the arrival of bitcoin in the near future. Bank and bitcoin will continue to go hand in hand and will compete with each other in the fight for customers. Banks should continue to be wary of bitcoin advances.

CircularLoGic

full member

Activity: 308

Merit: 100

Banks around the globe are considering to create their own digital currency, while big corps and banks looking to make bitcoin look bad or as an scam
bitcoin doesn't work the opposite, banks are not going to dissapear ever but they will just adapt to the future and the future of money are the digital currencys,
so as for now bitcoin will stay as the strongest digital currency in the world no matter what banks try or say, and the banks itself hence they can't take bitcoin
out of the business have to incurr into creating a coin for themselves ( Take a look at this link https://www.verdict.co.uk/bitcoin-countries-digital-currency/ )
there are a few comments about what country's are doing to fight against to future.

Topic: Can Bitcoin make Banks disappear? - page 48. (Read 427614 times)