Topic: Can Bitcoin make Banks disappear? - page 68. (Read 427640 times)
Bitcoin is really doing a lot in make bank less busy but I don't think its aim is to make bank disappear, as a Matter of fact bank still have a lot to do in supporting bitcoin and other people who are not bitcoin users.
No, banks have extreme power and it is not that easy thing the bitcoin can make banks disappear. But i think, banks really wants to have some profit from this crypto and its users. Because this is what they do.
Bitcoin can grow strongly but surely the bank will not disappear. The future will be a lot of people know and use bitcoin and maybe the amount of users going to the bank will decrease but the bank will still exist.
bitcoin and all the crptocurrencies together will make banks disappear one day soon.
I think it is impossible by several reasons: first of all banks are the oldest financial structure in the world, and it is not so easy to destroy them, moreover all process must be regulated, and banks regulat financial, even more bitcoin will have a global influence bank will transfer to another structure but will exist.
I think that's impossible Since some people in the world are familiar with banks maybe when bitcoin gets popular they start switching to bitcoin but still they are still using banks to exchange tools from bitcoin to money.
Bitcoin can make banks disappear but it will take time because in this time, we are using digital curreny for trading, so we use wallet to keep bitcoin, so unless banks didn’t evolve themselves, bitcoin can make banks disappear.
are you serious, bitcoin cannot make bank disappear. Sorry but is like saying can democrats can make republicans vanish. Banks are still useful for many things and not everyone in the world trusts bitcoin. Im sure there is going to be a bitcoin bank solely for bitcoin holders. banks exist even online without them being placed in physical locations in the world. So I say banks will not disappear, they will just adopt.
I think that is impossible because we still need the bank as a medium to withdraw funds from bitcoin wallet against the legal currency in our own country. However, if bitcoin is legalized all over the world, the bank may still exist but bitcoin can enter as a recognized currency in the bank and can be used for direct transactions.
Why do you need bank as a medium? You can convert Bitcoin to fiat cash online, using any of the exchanges. Or you can use pre-paid debit cards and load them with BTC. Once this step is complete, you can either use the funds for shopping, or you can withdraw the money using any of the ATMs. Banks are not needed at any point of time.
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 as WE know it may disappear, but banks generally will not 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?
In my own opinion bitcoin cannot dissapper the banks, but there is tendency that it will working together the bank and the bitcoin in the future to achieve more investment,maybe someday if bitcoin will regulated. the banks transaction accept bitcoin and vice versa.bitcoin accept all transaction came from the banks .it look like stock market and digital currency collaborate each other.
Surely Bitcoin has the potential to make banks disappear, but it hasn't achieved it yet because the market cap is far too small.
Even the market cap will go up too high, it will not be enough to make the banks disappear because the banks are strong enough to resist those kind of things and makes bitcoin as a useless thing in their point of view. Banks will stay at the current stage of it and the cryptocurrencies will stay also and there will be just like a boundaries between them but none of them will be gone. 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 will not disappear. Because they will change or get some services on the other "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?
Surely Bitcoin has the potential to make banks disappear, but it hasn't achieved it yet because the market cap is far too small.
In my assessment bank is not going to disappear . People considering bank as a secured investment area , which never get in to loss on their bank investment .So disappearing bank is never gonna happen, but there is a chance for accept bitcoin in bank as a precious investment .
They will not disappear, they are strong type of business and the government will not allow anything, anyone to let the banks disappear. Many will be mad if this is going to happen and yet there are so many people that are still trusting and using the banking services so I really doubt it that there will be the time that people will be forgetting about the banks. They need us and we need them it's a give and take action.
Yeah, the government won't allow that to happen. Banks are the most secured way to store your money. Also, not every people are into bitcoin, not even the businessman.
No, I highly doubt it.Bitcoin is a system that aims to facilitate transactions without the need for a bank.
Banks are present to safeguard customer’s cash holdings at a given time and lend them to those in need to collect revenue in the form of interests, that involves a central authority catering to needs of the public
Bitcoin is an investment similar system that isn’t controlled by a central authority but instead controlled by consensus
Interested in managing the bitcointalk announcement page? anyone who like to help us to manage our bitcointalk announcement page please contact us in our telegram handle @BoonTech.
Banks are present to safeguard customer’s cash holdings at a given time and lend them to those in need to collect revenue in the form of interests, that involves a central authority catering to needs of the public
Bitcoin is an investment similar system that isn’t controlled by a central authority but instead controlled by consensus
Interested in managing the bitcointalk announcement page? anyone who like to help us to manage our bitcointalk announcement page please contact us in our telegram handle @BoonTech.
In my assessment bank is not going to disappear . People considering bank as a secured investment area , which never get in to loss on their bank investment .So disappearing bank is never gonna happen, but there is a chance for accept bitcoin in bank as a precious investment .
They will not disappear, they are strong type of business and the government will not allow anything, anyone to let the banks disappear. Many will be mad if this is going to happen and yet there are so many people that are still trusting and using the banking services so I really doubt it that there will be the time that people will be forgetting about the banks. They need us and we need them it's a give and take action.
Bitcoin can make banks disappear but it will take time because in this time, we are using digital curreny for trading, so we use wallet to keep bitcoin, so unless banks didn’t evolve themselves, bitcoin can make banks disappear.
In my assessment bank is not going to disappear . People considering bank as a secured investment area , which never get in to loss on their bank investment .So disappearing bank is never gonna happen, but there is a chance for accept bitcoin in bank as a precious investment .
I think that is impossible because we still need the bank as a medium to withdraw funds from bitcoin wallet against the legal currency in our own country. However, if bitcoin is legalized all over the world, the bank may still exist but bitcoin can enter as a recognized currency in the bank and can be used for direct transactions.
Why do you need bank as a medium? You can convert Bitcoin to fiat cash online, using any of the exchanges. Or you can use pre-paid debit cards and load them with BTC. Once this step is complete, you can either use the funds for shopping, or you can withdraw the money using any of the ATMs. Banks are not needed at any point of time.
I think that is impossible because we still need the bank as a medium to withdraw funds from bitcoin wallet against the legal currency in our own country. However, if bitcoin is legalized all over the world, the bank may still exist but bitcoin can enter as a recognized currency in the bank and can be used for direct transactions.
Why do you need bank as a medium? You can convert Bitcoin to fiat cash online, using any of the exchanges. Or you can use pre-paid debit cards and load them with BTC. Once this step is complete, you can either use the funds for shopping, or you can withdraw the money using any of the ATMs. Banks are not needed at any point of time.
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