Topic: Can Bitcoin make Banks disappear? - page 55. (Read 427614 times)
Banks will always be there. Bitcoin/Fiat transaction will always be needed which will definitely need the bank. But i think bitcoin on the long term will cause banks to downsize its workforce.
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?
Yes i wil sure after 10 years bitcoin will replace bank because bitcoin is more power and more fast than bank so this is the new era we should need to earn bitcoin now until we regret someday rean a lot now and hold it. "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?
I think that's hard. because there are still many people who do not have knowledge about bitcoin and bitcoin has not been recognized by the government. unlike banks that the government has acknowledged.
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?
I doubt bitcoins can beat fiats and the banks that hold them because of one thing: bitcoins and fiat money are two completely different things. One can never beat the other and vice versa. But for me, it reakky depends on the masses' reaction on whether or not bitcoins as a world wide currency, will help ALL of the people, whether poor or rich.
I think there will still be banks but it would be less powerful in the future. It could make small banks to close after another and then only a few huge banks will be left. They won't dissappear but they they will be useless after a few years.
If more and more peoples invest into the Bitcoins, then it will lost some customers who save money in the bank or invest on the Stock market (other markets) through the Bank. It actually make the EU and US stock market not so exciting as well.
Btw. I am regret that I still keep some money in the bank and stock market, not transfer into BTC 2 days ago. Or maybe should buy some new encryptions like Deep Onions.
Btw. I am regret that I still keep some money in the bank and stock market, not transfer into BTC 2 days ago. Or maybe should buy some new encryptions like Deep Onions.
Bitcoin can't replace banking. I guess its just some sort of investing or else an online currency. Many people rely on their banks and even have debts, how come Bitcoin can make Banks disappear.
As long as the bank maintain its reputation it cannot be replace by anything else, it has been existing for centuries and a new invention like bitcoin is not capable of replacing it because the government always there to protect banks.
Bitcoin can't replace banking. I guess its just some sort of investing or else an online currency. Many people rely on their banks and even have debts, how come Bitcoin can make Banks 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?
Both have their own roles to play in the future.
I don't think bitcoin will make banks disappear because bitcoin has it own issues and limitations.
Bitcoin and banks both have their limitations and advantages, people are the ones to choose best for themselves.
no way it cant happen. It's really hard that Bitcoin makes banks disappear because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat.
In my own opinion, No it cannot. The banks are already here without bitcoins appearing in the internet. Banks are still reliable for those who does not knew how to earn bitcoins like in low class families.
Yes, I'm sure that whatever happens with bitcoin will not create a bank disappear, this is because banks are fully supported by the state, maybe someday banks will accept bitcoin as a type of savings.
I don't think it's possible.
What's more likely is that banks will actually incorporate bitcoins into their work and start to use them just like other currencies.
What's more likely is that banks will actually incorporate bitcoins into their work and start to use them just like other currencies.
It is gonna be a hard selling point when the btc network is under attack as it is now. If a couple of whales can do this , than a government will take it down very easy.
I believe people will still employing Banking companies and banking solutions because it really is necessary today and Bitcoin even now want much more usability to change it
In my own opinion, No it cannot. The banks are already here without bitcoins appearing in the internet. Banks are still reliable for those who does not knew how to earn bitcoins like in low class families.
If bitcoin remains an unregulated decentralised peer to peer payment system then it is a certainty that banks are no longer needed.
Disappearing of banks is very far from reality, Maybe bitcoins has very high amount of value that is keep on increasing but not everyone has knowledge about crypto currency and has the ability to earn bitcoins. Still banks will be very reliable.
I don't think banks will disappear with the growth of bitcoin. Instead, they will or may adapt to how the bitcoin system works so as to keep up with the trends. I'm just not sure how but banks will have to modify existing policies to do so.
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?
bitcoin can't do that. Bitcoin and banks have both importance in the society. Many people uses their banks because they they store their money there. Bitcoin doesn't have enough power to make bank 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?
for me so it wont be easy to pull down banks. Maybe of could rob one bank in many places at the same time you could take them down.
Jump to: