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Topic: Can Bitcoin make Banks disappear? - page 61. (Read 427614 times)

legendary
Activity: 1190
Merit: 1024
November 07, 2017, 12:32:58 PM
Bank will never disappears.  Bitcoins can't take place money. Most of peoples aren't aware about bitcoins. If money exist then bank will exist too.We will still use banks in future in order to send or receive money. Maybe they can change the idea and involve with bitcoins and use to send or receive bitcoins same as wallet.
hero member
Activity: 1624
Merit: 500
November 07, 2017, 12:27:35 PM
Banks wont dissapear. They are just will eat the cryptocurrencies, cryoto will be the piece of the banks. So, soon  we will get salaries in crypto.

But I think the bank that will be part of Crypto, where we can see Crypto is very strong today compared to banks, even I do not know the future bank fate, whether all countries will still need a bank or not ..
full member
Activity: 630
Merit: 123
Join @Bountycloud for the best bounties!
November 07, 2017, 12:19:59 PM
Banks wont dissapear. They are just will eat the cryptocurrencies, cryoto will be the piece of the banks. So, soon  we will get salaries in crypto.
hero member
Activity: 704
Merit: 500
November 07, 2017, 11:44:36 AM
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?



I don't think that bitcoin is strong enough to completely replace the banks because banks play a major role in the economy. And since the majority of people are not part of the online market, cryptocurrency has still a long way before it can reach the life of an ordinary person, in my country at least. Here, banks are still more important. But I know there would be time that bitcoin will rule everything out.
I would choose banks over bitcoin even though bitcoin has higher potential of making one rich. Still I’m going for banks over bitcoins is because firstly, banks are way more popular than bitcoins among people. Which has lead to increased users to banks which are far more than bitcoin’s. Then bank does not require internet to run whereas bitcoin can’t survive without internet and still there are many places where internet is still not available. Then banks regulate the fiat currency leading to making it more stable and easy to use.
full member
Activity: 560
Merit: 102
BBOD - The Best Crypto Derivatives Exchange
November 07, 2017, 11:32:11 AM
bitcoin has so may advantages that can be a good currency to make banks disappear, and we are always know banks are being threaten by digital currencies, so they have no choice but evolve themselves and be come better to against bitcoin or they will be eliminated in the future.
newbie
Activity: 14
Merit: 0
November 07, 2017, 11:21:30 AM
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?



If they can't keep up with technology, they will go bankrupt. This is what I understand, anyway.
newbie
Activity: 145
Merit: 0
November 07, 2017, 11:15:52 AM
in my country not many know about bitcoin..but this only happens if bitcoin becomes a widely accepted currency, and we see adoption around the world.
full member
Activity: 688
Merit: 106
November 07, 2017, 11:02:41 AM
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?



I don't think that bitcoin is strong enough to completely replace the banks because banks play a major role in the economy. And since the majority of people are not part of the online market, cryptocurrency has still a long way before it can reach the life of an ordinary person, in my country at least. Here, banks are still more important. But I know there would be time that bitcoin will rule everything out.
full member
Activity: 468
Merit: 100
Experience the Future of DeFi
November 07, 2017, 10:47:25 AM
It seems it will make banks disappear if Bitcoin become our digital currency. Because that time we do not need to let the banks keep our own money because we know how to. It will lessen the risk if we are the one who is keeping it. I do believe that Bitcoin will have a positive future and I know how will he change the game.
newbie
Activity: 3
Merit: 0
November 07, 2017, 10:45:14 AM
That cant happen. I believe that won't happen. Lots of people does not even know what Bitcoin is and that is bad. I hope perhaps it may occur later in the future. So we use Bitcoin much more which will be great for anyone. The world has become much more electronic.
newbie
Activity: 3
Merit: 0
November 07, 2017, 10:44:22 AM
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?


I highly doubt that Bitcoin together with other cryptocurrency will make Banks disapper or to be totally useless since it is considered as one of biggest instititution supported all over the world by different governments and countries. It is because banks are used to store an individual's wealth. So I think this will never happen.

the fact that it was most supported institution doesn't make banks not destroyable. modern economy is crashing and banks are behind this. I see highly probable that crypto currencies will make banks disappear.
member
Activity: 164
Merit: 10
November 07, 2017, 10:42:21 AM
Bitcoin will not let the bank disappear, do not forget, bitcoin is scarcity, the number of bitcoin is limited, so bitcoin will not let the bank disappear. Smiley
full member
Activity: 294
Merit: 100
November 07, 2017, 10:40:43 AM
in my opinion as of now bitcoin still doesn't have the capability to make bank disappear.
somehow we may say that it is starting to become a threat to the banks operation.
but to say that it will be enough to make them disappear is an overstatement.
since there is not yet a lot of people who uses bitcoin nowadays.
most people are still using bank as their means of transferring and transacting.
therefore it will still take a lot of years before this scenario could happen.
Cheesy
newbie
Activity: 28
Merit: 0
November 07, 2017, 10:30:47 AM
bank - rupt yes and it is possible to all banks however there will always be a bank because that's how rich people make them richer.
legendary
Activity: 2044
Merit: 1030
I'm looking for free spin.
November 07, 2017, 09:06:44 AM
I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt Roll Eyes
Its very hard to believe that everyone will start using bitcoin in future as people from poor countries will never have advantage to use them as they lack knowledge and they will prefer to use fiat money for their needs.
No i think its not! bitcoin not yet known of all people so its impossible to say that it can be bankrupt the bank, many people believe to the transaction in the bank, bitcoin is nothing has been done to compensate the bank.
full member
Activity: 364
Merit: 100
PlayGame.com
November 07, 2017, 08:56:06 AM
i think i can't happen right now because bank is the one of important thing in a country, because all country need a regulating money in their country, and bank can handle that. what happen if bank disappear and changed by bitcoin? maybe some country need adaptation to use bitcoin, and some people in that country can't use bitcoin, so i think bank can't disappear right now
full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
November 07, 2017, 08:52:32 AM
well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol
yes hope that bitcoin can survive is enough for me. if bitcoin can survive long enough i believe someday tangible money will disappear. and virtual money will be the only one could survive and become legal for all people
full member
Activity: 556
Merit: 100
November 07, 2017, 08:49:44 AM
In my opinion may bank will go away. Bank and Bitcoin has a difference bank have a offer that bitcoin can't provide. Bank is lot of use you can get your money any ware by only using card.
sr. member
Activity: 896
Merit: 267
★Bitvest.io★ Play Plinko or Invest!
November 07, 2017, 08:47:20 AM
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?



Even with its current popularity and high demand, bitcoin will find it hard to compete with the banking institutions. Banks have already been established in our society for a long time and its PR still stands good with the majority of the population. What I hope to happen is that cryptocurrency and banks will incorporate with each other without ruining each other.
member
Activity: 102
Merit: 10
November 07, 2017, 08:33:49 AM
it will never happen, the bank will never disappear. banks supported by the government, in all countries there must be banks, banks can provide loans, credit cards etc. banks may just disappear if bitcoin can be like that.
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