I think that this can happen, but in reality it will never happen, because they simply will not allow cryptocurrency to replace real money.
Topic: Can blockchain replace bank? - page 32. (Read 4209 times)
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I think if blockchain replaces bank the features will be diminished but it's good for us because we can earn money with it due to its highly in price and most fastest transactions .I hope it will remain regulated in higher price to earn much more.
I do not think this will happen. After all, banks are subject to a government body, and this means that the government will protect the banking system.
It's possible, although reading Satoshi's memoirs I don't think he designed the blockchain to completely replace the financial system, I see it as an additional measure to take a lot of power away from the banks and thus be able to have much more financial freedom.
Today the block chain is a good technology that gives us the opportunity to get not only the quality of any services, but also the ability to keep information inaccessible to others. But if you look at the current state of the cryptocurrency market, it becomes clear that it does not do without artificial manipulations. Thus, until there is a real order in this business, I will always compare the banking system and the cryptocurrency market outrageously.
It's possible, although reading Satoshi's memoirs I don't think he designed the blockchain to completely replace the financial system, I see it as an additional measure to take a lot of power away from the banks and thus be able to have much more financial freedom.
It now looks like nearly impossible, because there are so many people, that do not want to even try crypto..
No, Blockchain is a disruptive technology but it could not replace bank but bank can benefit the blockchain technology like reducing processing cost and transaction cost . Therefore, blockchain could not replace bank but could strengthen the bank system.
Blockchain will support the bank, there is no substitute! Blockchain is great technology but is in the process of development! Need time and time to use to evaluate.
Yes, because blockchain is better and easier. You can transfer cash to your friends or family everytime and anywhere in the world. Moreover, there is no a third party in this transaction, that will give users more privacy.
Blockchain is a new technology that can be use by bank itself to keep records on like normal way of records keeping which is centralized but blockchain record keeping is decentralized and can be use by bank ,
you might be trying to talk about cryptocurrency and bank which is mainly different to blockchain cause cryptocurrency use blockchain technology to run it ledger which banks can also use.
you might be trying to talk about cryptocurrency and bank which is mainly different to blockchain cause cryptocurrency use blockchain technology to run it ledger which banks can also use.
These two structures can exist in parallel. But it is impossible to force out or replace each other.
Blockchain is unlikely to replace the Bank for many reasons. But if banks are friends with the blockchain, it will facilitate the work, reduce costs and jobs. This means that there will be less work and more profit
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I don't think so, functional banking is not only in transactions. and the size is very difficult to compare
I think currently there are many who are interested in the blockchain system because of that some banks open opportunities to adopt it.
I think blockchain could not replace bank. because not all countries legalized bitcoin. They are not using bitcoin for purchasing like her in my country. And also i think it has a very long process. And they are not have the same laws.
There are several country think about blockchain technology. Blockchain is a new technology so people don’t understand but day by day people understand how to use blockchain technology. Lots of bank want to use blockchain technology and too many bank already start blockchain technology. Bank always support blockchain technology and they are very interested about this technology.
Blockchain will be used by banks and make bank transaction more cheapers. If you mean is bitcoin or cryptocurrency, i think bitcoin or cryptocurrency can not replace banks because government need banks to boost their economic growth
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
Blockchain is not intended to replace any banks. Besides, all banks are regulated business industry while blockchain is not due to the system was decentralization. So, they can never be together as one unless one of them change their system. But there is one bank I know that they adapted the concepts of crypto, and that's the reason I decided to applied on that bank to put some savings in it.
To make this happen it is necessary, for a start, that all people were able to use the blockchain, were able to make transactions. Over time, I think it will happen, but to say that banks disappear altogether is wrong. Very serious changes have to happen in the world for this to happen.
No way it can't blockchain can't never take the position or replace bank they can only work in hand with one another. Banks are more reliable, secure and safe.
I think in the future blockchain can replace the bank. Currently, blockchain technology is developing very strongly. Blockchain is being used in many fields. Blockchain has a solid foundation. I believe in the breakthrough of this technology.
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