Topic: Can Bitcoin make Banks disappear? - page 9. (Read 427612 times)
I think it's impossible to happen,cryptos will not cause bank to disappear.Bank is a solid and stable financial institution globally and they have traditional clients that will always support their system.As long as there is paper money bank will continue to exist and do their business as usual. Bank knows the threat of bitcoin that is why some of them started to make innovation by studying the used of blockchain technology (the base platform of bitcoin)in their system and i think there are some big bank already utilizing it if i'm not mistaken.
Banks will not disappear because of bitcoin. There still are problems with Bitcoin transactions and banks have too much power. The mainstream is not quite used to cryptocurrencies and rather go to the bank. Banks and financial institutions however will use blockchains to do their business.
This is something very difficult. In my opinion, as long as bitcoin is still not legalized into digital currency in the world then bitcoin will not be able to replace the bank. Especially now, users still have to use crypto onsite services to be able to use bitcoin so they have to use the bank as a service to withdraw money from the exchange of bitcoin. Instead, I hope both parties can work together to implement this blockchain technology so that bitcoin users will not find it difficult to use bitcoin as a means of transactions.
Banks will never disappear because they are backed by global capital owners. And their structures are very strong. They have the goverment power, state power, and capital power behind them.
The banks will never disappear, everything is controlled by governments. Maybe Bitcoin will have a great success in the future and will take other forms, but banks will certainly not disappear.
They said that if bit coin is Gold then litecoin is silver
This is something very difficult. In my opinion, as long as bitcoin is still not legalized into digital currency in the world then bitcoin will not be able to replace the bank. Especially now, users still have to use crypto onsite services to be able to use bitcoin so they have to use the bank as a service to withdraw money from the exchange of bitcoin. Instead, I hope both parties can work together to implement this blockchain technology so that bitcoin users will not find it difficult to use bitcoin as a means of transactions.
will be very difficult against the ruler, the Bank is controlled by the ruling government and they need the bank, Bitcoin is only controlled by bebrepa people whether it might be able to fight them,
But if everyone is already using Bitcoin it's not impossible they will succumb.
But if everyone is already using Bitcoin it's not impossible they will succumb.
Not possible to say that at this time that bitcoins market will make banks disappear. The bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins
not in the short run. but lets see what happens. when the next financial crisis arises, probably more people see the potential
I don't think bitcoin will make banks disappear because they have their role in society.
No both serves different purpose and bitcoin can't make bank disappear because old guys depends totally on bank for financial matter but icky some of the teens like me depends on bitcoin for earning so we 1 and 2 people can't make the change. Even bitcoin is not accepted by all government and for transaction to those countries will need bank transfer.
Yes obviously if the transaction speed of bitcoin will get improve and the lightening speed will be introduced than banks will obviously disappear as the people here can get alot of benefits from bitcoin while moving to any foreign state and keeping there funds secure and anonymous . Well lets see whats gonna happen because most of the world is now aware of the bitcoin and its facilitation and scope , success of bitcoin is the total prove of the peoples trust on it .
They will not dissapear they will support the bitcoin to accept bitcoin transaction because so many bank in my country is not accepting bitcoin transaction only in western union,palawan etc..
Ovations to Japanese government. Looks like we will have lots of Bank coins in the nearest future:
https://www.investopedia.com/news/japans-biggest-bank-releasing-its-own-cryptocurrency-march/
https://www.investopedia.com/news/japans-biggest-bank-releasing-its-own-cryptocurrency-march/
Bitcoin is a currency. It has different purpose why it is made. I believe it cannot make banks disappear since there are services that banks do that cannot be done by Bitcoin. Bitcoin might lessen the services of a bank but it will not be a substitute.
i think the answer is no in my opinion because we still need banking system to perform some transactions even with bitcoin
I just hope the banks especially the government accepts bitcoin. There is also a possibility that bitcoin and other digital currencies can be banned since a lot of countries sees bitcoin a big threat to their economy. Banks can also be affected by it since saving this bitcoin and other digital currency don't need banks, you can just store it in a hardware and it will be ok.
Bitcoin is decentralized, we should maintain that all the time so we will have the real freedom as a user.
This is not going to happen for next 100 years in my country (India). There are a lot of people here in rural areas who cannot fill forms of banks offline even.
Banks will change or go under but they won't go away
i think the answer is no in my opinion because we still need banking system to perform some transactions even with bitcoin
I just hope the banks especially the government accepts bitcoin. There is also a possibility that bitcoin and other digital currencies can be banned since a lot of countries sees bitcoin a big threat to their economy. Banks can also be affected by it since saving this bitcoin and other digital currency don't need banks, you can just store it in a hardware and it will be ok.
i think the answer is no in my opinion because we still need banking system to perform some transactions even with bitcoin
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