Topic: Can Bitcoin make Banks disappear? - page 93. (Read 427614 times)
I consider bitcoin and fiat can each co-exist collectively, with bitcoin covering the bodily trades and bitcoin utilized in online transactions.
Not seeing the possibillity, especially for countries that are just developing, they still have isssues with the internet facilities and the level of awareness is still quite low. Lots of developing countries have citizen in develop countries who have no choice than to send fiat home. Bank cannot dissappear because of Bitcoin.
at this moment BTC can't replace banks but in the future it is possible. Banks will be changed, we won't have traditional banks, their role will be reduced.
I think in the near future it may possible, but in these days, all the transaction and other payments are through regular banks. The role of the banks is no doubt very important in our day to day life. But as we see the importance and awareness about bitcoin in the world is getting popularity, and as it works that there is no need for exchange of money and other hurdles while dealing in bitcoin, it will definitely overcome on traditional banks.My personal thinking said that, bank will not disappear.because of that,everyone don't know about bitcoin but they know about bank very well.in this reason, the users of bank is more than the users of bitcoin. so, bitcoin can't make banks disappear.
Do you remember in history, we use coin gold, silver, bronze before use paper money like now? Ok, if you know that, you also understand in someday Bitcoin can pass FIAT and replace paper money if the growth of Bitcoin cannot stop.
I hope it doesnt and I cant see it happening. Too much has been invested and mining, work has been done that determines value of each coin.
As of now even bitcoin is in the run to be an important part of financial system,, banks is still and will always be available as they slowly integrated services that corresponds the needs of their customers who eventually part of the bitcoin paradigms.. When banks sees an opportunity to profits they swerve to adapt..
If Bitcoin persists, it is likely that Bitcoin bank will be born as banks must keep pace with the new trend, which will allow the bank to have new technologies to manage Bitcoin and the bank will not be able to never 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?
Bitcoin will never be a threat in bank that it will make it disappear in a way that many people will more focus in bitcoin than in banks but bitcoin will never be disappear as well as banks because these two are most usable in many individual and it is a way of earning and securing their money.
The way its headed right now, hell no. It'll just be another asset for the already rich to store/speculate and get even richer, lol... "Digital Gold"... Its sad to see what it has become.
I don't think that Bitcoin can make banks disappear, because people use mainly fiat currencies and need banks in their offline transactions mostly. Bitcoin is used online and need to be converted to fiat to be used offline, so it can't replace banks.
Yeah you're right both has its own world and one cannot function in the world of the another as mentioned one is online and the other one is offline. Both of them has their own place that is why no one can replace the other one. 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?
Of course no, bitcoin will never make bank disappears because we all know and we all can see that bitcoins and bank nowadays are have some collaboration in a sense of bank is the way of cashing out our bitcoin and to earn it. And sometimes bank is the one who will secure our money just like bitcoin so that it will be very safe and not get by anyone.
If banks accept bitcoins, they can earn. Also on exchange .
I don't think that Bitcoin can make banks disappear, because people use mainly fiat currencies and need banks in their offline transactions mostly. Bitcoin is used online and need to be converted to fiat to be used offline, so it can't replace banks.
there is no way that BTC can make bank disappear, BTC today is reliant to fiat and fiat is reliant to bank. There's a chance that BTC may disappear hru the joining forces of the banks. there is a rumor that a major bank companies like HSBC, are also developing a cryptocurrency that could rival BTC and could put BTC into danger ,this is not related to Ripple XRP altcoins as other bank adopted this protocol.
It cant because old people and big fortunes are stored at banks, soo it wont happen at all, as some people said in the past save your money at the banks and enjoy the fees they pay to you, since they lend your money to others. Even the p2p transactions does requires bank, without them bitcoin would be dead since we need to transfer money between accounts. Bitcoin wont replace anything, it can improve all services as remitances, providing a fair system and not abusive charge due to cambio.
People who put their money to banks just want to be safe with their money, but actually they have a business where they get the money they save.Bank is just good for saving but not for investing, however there are also some who what to fully hide their real wealth and they can store their money into bitcoins but I think there are only few of them compared to the total number of banks depositors.
bitcoin can't make bank dissapear because not all people familiar with bitcoin
I don't think Banks can be replaced with Bitcoin, it is far to being possible because I believe banks are well established and has been widely used in the world. And also come to think of it, bitcoin should be in coordination with banks for it to be an acceptable medium of exhange which becomes valuable to the people.
I think that the founders of banks are very influential people and they will not allow the crypto currency to destroy them. Either the crypto currency will carry out its transactions through banks or they will destroy it by prohibition.
I think as long as the state can not make laws and regulations about legalizing bitcoin, the bank will not be disappear and replaceable, because people are still difficult to trust bitcoin to be used as a depository, but otherwise the bank has been very reliable
for me, I believe that the banks won't vanish. They might be created further, change the method for the genuine presence yet I feel that will survive. Continuously will be requirement for cash in huge plans or extends, or even in different circumstances of everybody of us. May be a place when are offered the required guarantees that something can abandon issues and take the required cash (or instruments which may supplant those).
Be this the season of the genuine us dollar and be the tomorrow one when perhaps will be the day of bitcoin or the cryptos. Indeed, even in the presumably time of just the cryptos will exist such needs. What's more, even with the most complex crypto in presence will exist dependably a programmer which can have the capacity to take or break the security of our own wallets. Or, then again individuals which will offer crypto yet not security. It is something else a bank. In all the past issues. Or, on the other hand perhaps others that are not in my mind now.
Be this the season of the genuine us dollar and be the tomorrow one when perhaps will be the day of bitcoin or the cryptos. Indeed, even in the presumably time of just the cryptos will exist such needs. What's more, even with the most complex crypto in presence will exist dependably a programmer which can have the capacity to take or break the security of our own wallets. Or, then again individuals which will offer crypto yet not security. It is something else a bank. In all the past issues. Or, on the other hand perhaps others that are not in my mind now.
As long as Bitcoin Exists , any kind of bank will not cease to exist .
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