Topic: Can Bitcoin make Banks disappear? - page 57. (Read 427614 times)
I don't think banks will disappear because not everyone knows bitcoin others will need banks to deposite and withdraw their money if they need 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?
"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 don't feel like it won't happen, banks will dissappear. Yes, bitcoin could be associated with money where bank is use for but the other currencies still need a bank to invest and secure. Both of these where created in their own special way. Bitcoin is not also an evolution or development of banks that's why they both must come in to two separate things
Unless all countries around the world accept Bitcoin, there is no chance for Bitcoin making Bank disappear.
nice topic. since bitcoin itself proves that we are able to do virtual transactions without any assistance from the bank, this will lead to this exact question. but in some way, there are some other transactions that we need to trust the bank with. like for example loans and insurance which bitcoin dont have any features about this matter. as what other post says. however, if bitcoin could do something about it. well, i prefer to used bitcoin and enjoy its benefits without stress. a world with only 1 currency BITCOIN. and we will all use e-wallet (electronic wallet)!
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...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
Well, i have a different opinion with you. I dont think bank can be disappear because of bitcoin.
Bank has big back cover name government. And government will never let bank lost.
Success bank is mirror of success economy of the country.
maybe It can't because Bitcoin cannot borrow you money and cannot offer the same, so-called "services" the Banks can. People will continue falling for the lies and some of them really need to borrow money for business.
No I think this will never happen. The government will not let the banks disappear. In fact, some banks are gradually adopting bitcoin. Bitcoin will not make the banks disappear. Each country has a traditional currency and the bank is where it is kept
May be indeed May be no..No because, banks supply document forex which we can use within local stores exactly where credit cards aren't accepted...Yes, simply because just in case if everybody world wide use btc credit cards for transactions perhaps it is going to be feasible for banks to vanish....
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?
Of course yes thats why many goverment scared about bitcoin because theres a lot of wallet that can withdraw without any fees and the fees is low or sometines free so i think this is the start of the new era. "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 in the other country where bitcoin is more transaction that accept and if bitcoin will remain in the highest value. When people are aware on how there money become increase easily or grow faster if they invest on bitcoin.
Banks will not dissappear. We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin. If anything banks as we know them may have to move with the times and start bitcoin accounts. At the end of the day banks make money of our money they will want to try making money from bitcoin too.
Yes it's impossible to make banks disappear, as banks are used by almost every common people, but how many are using bitcoins.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?
They may not disappear but they can also start using blockchain technology and can accept Bitcoin for their transactions. "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 dissappear. We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin. If anything banks as we know them may have to move with the times and start bitcoin accounts. At the end of the day banks make money of our money they will want to try making money from bitcoin too.
Yes it's impossible to make banks disappear, as banks are used by almost every common people, but how many are using bitcoins. 
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?
Bitcoin is here to say and that's right but bitcoins won't ever replace banks. Fiat money are still here to stay as well as bitcoins. It doesn't mean that bitcoin is booming, fiay money will be replaced by bitcoins. They both are on totally different levels. This analogy is similar to "Will gold replace oil". Both are useful in their own rights, with fiat money living in banks and bitcoin in blockchains. Bitcoins will never bring down banks.
I don't think that the banks can disappear so easily. I think that the most people just need the normal banks. Some people doesn't even know that bitcoin exist. that makes banks so strong, banks won't disappear in early future. You cant finish the current banking system in few years. Also for this to happen, bitcoins should be an option in every store , in every transactions and of course awareness of bitcoin is also a major factor.
I think not. Yes bitcoin has great potential and can influence the change that will happen in the future in physical money and the banks will most likely adapt but they will not disappear. Maybe they will add bitcoin services and will focus on what has more potential. Banks didn't stay this long for nothing. They are important in our society.
I don't think banks will get disappeared too easily or too soon..just like paper currency is still not replaced even after the advent of credit cards ,online transfers,contact less payments
The banks may adapt to customers requirements and may offer bitcoin related services
The banks may adapt to customers requirements and may offer bitcoin related services
I think it's hard to get the bank disappear because of the bitcoin, because the bank has been around for a long time and that's the economic pillar of a nation, so I'm sure bitcoin will never replace the bank. but bitcoin can be the same for the bank I believe can happen, because bitcoin users are getting more and more. not just from one country but already used by people in many countries.
Nope, bank is still bank. Bitcoin is still bitcoin. No one can make banks disappear. Maybe bitcoin can make their own bank. But I know bank continue to exist because many people are supporting it.
I feel such possibility is extremely low. Making banking institutions disappear is simply a part of the bitcoin's development.Should this happen most banks might change their technology and try using bitcoins.
Jump to: