Pages:
Author

Topic: Can blockchain replace bank? - page 9. (Read 4177 times)

member
Activity: 308
Merit: 10
November 19, 2018, 12:33:19 PM
banks can give us cash while blockchain can make money and all of that is interconnected. one thing is certain blockchain cannot replace banks that have strong legality in managing world money and maintaining stable and structured values
Also banks also have a huge influence on the state so they don’t allow the blockchain to replace them.
copper member
Activity: 280
Merit: 1
November 19, 2018, 12:31:23 PM
Regardless of the numerous benefit of blockchain, it can't completely replace the banking system. Banking operations go beyond funds transfer and considering countries which majority of citizens aren't technically inclined.
full member
Activity: 588
Merit: 100
November 19, 2018, 12:28:34 PM
banks can give us cash while blockchain can make money and all of that is interconnected. one thing is certain blockchain cannot replace banks that have strong legality in managing world money and maintaining stable and structured values
full member
Activity: 411
Merit: 100
Powered by Artificial Intelligence & Human Experts
November 19, 2018, 12:22:15 PM
The blockchain technology may soon replace the banks, but if we are talking about the next 10 years, then in no case will the banks disappear, but on the contrary, who understand they begin to use the blockchain technology as an auxiliary to the bank itself !
sr. member
Activity: 630
Merit: 250
Glad to see you
November 19, 2018, 12:19:05 PM
Blockchain should not seek to replace the bank, it should coexist side by side, at least while the crypto market is too young, we need more symbiosis of cryptocurrency with things from the real world, such as banks, payments, transfers and so on. When the cryptocurrency penetrates into every centimeter of our life, then we can talk about replacements.
jr. member
Activity: 218
Merit: 1
November 19, 2018, 12:05:36 PM
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?
these twonsystems are hotbalkie and we need to remember about that as they can not replace eachnother an dwe need to know that
newbie
Activity: 156
Merit: 0
November 19, 2018, 12:04:11 PM
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 the new game. Smart contracts and the high-tech processing of information is what banks can not compete with even in half a century. But banks have their own business, they won't really get replaced.
full member
Activity: 798
Merit: 115
November 19, 2018, 11:38:58 AM
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?

There is no way banks will go down without a fight, and as we know, they have almost unlimited funds to stop crypto from taking over banking. I hope crypto is strong enough to not fall under pressure. 
hero member
Activity: 762
Merit: 500
November 19, 2018, 11:36:50 AM
This can happen in the future.
Well there are so many businesses that are using BLOCKCHAIN to get better on their file keeping.
Blockchain can provide more secure transaction and file saving in the world.
It can also send much faster transactions.
member
Activity: 350
Merit: 10
Global loyalty & rewards
November 19, 2018, 11:33:27 AM
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?
Of course. Right now the Bank has blocked my account and I can't use my money. The crypto-wallet is always available 24 hours a day. It's a new paradigm.
member
Activity: 170
Merit: 10
November 19, 2018, 10:48:44 AM
in my opinion, if in the real world, blockchain will not be able to replace banks, because not all levels of society know about blockchain, especially for countries that do not develop. but for cyberspace, this might can happen without state restrictions, the blockchain will replace the bank.
member
Activity: 434
Merit: 12
”Decentralized Digital Billboards”
November 19, 2018, 10:43:00 AM
I think that there is still a chance that we will replace banks with blockchain technology. But now it sounds like something incredible and strange. For me, banks are much more familiar and I don't care what happens to them
full member
Activity: 840
Merit: 100
November 19, 2018, 10:37:25 AM
Blockchain can't replace Bank, but i think banks can use blockchain technology in making transactions.
member
Activity: 429
Merit: 10
November 19, 2018, 10:32:40 AM
for the blockchain can not afford banks because of the strengthened and fundamentals of banks most people are depedns with banks so it's less likely to block blockchains.
sr. member
Activity: 854
Merit: 250
November 19, 2018, 09:00:41 AM
I think it is very realistic for the blockchain platform to replace the banking payment system. Currently, cash payments are losing their relevance against the background of multiple digital payment systems. Cryptocurrency and payments based on the blockchain platform have great advantages in the speed of transfer of transactions and their minimum cost.

However, the cryptocurrency is still losing cash on a huge number of paramaters. The most important is usability. How do you think how many housewives use crypto currency? Is it easy for a housewife to get a crypto wallet? Until the common people use the cryptocurrency, the market will only be a platform for manipulation and speculation.
member
Activity: 253
Merit: 10
November 19, 2018, 08:48:51 AM
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 that even year we can wait at all without any problems. And then it will be several times more difficult and most likely we will think about how to leave the market. Buda I just hope that the situation will change abruptly
jr. member
Activity: 182
Merit: 1
”Decentralized Digital Billboards”
November 19, 2018, 08:05:06 AM
I'm sure the blockchain could replace banks, but that won't happen anytime soon. The government will not allow cryptocurrencies to destroy the existing financial system. Instead, banks will implement the blockchain in their structure. Perhaps there will be partnerships, as is now happening with the blockchain startup Ripple.
member
Activity: 238
Merit: 10
November 19, 2018, 07:56:14 AM
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'd feel safer if the banks were better protected. Now I do not feel what I want to feel about the banks and I hope that the blockchain will be able to significantly change the current situation
copper member
Activity: 362
Merit: 1
November 18, 2018, 05:31:17 PM
I think it is very realistic for the blockchain platform to replace the banking payment system. Currently, cash payments are losing their relevance against the background of multiple digital payment systems. Cryptocurrency and payments based on the blockchain platform have great advantages in the speed of transfer of transactions and their minimum cost.
Yes, everything is possible to happen in where crypto will announce as a new exchange ,bank is slowly getting profit and not at all worth unlike crypto it was decentralized and market is uncontrolled in where it fluctuates highly with unlimited fund.
copper member
Activity: 101
Merit: 1
November 18, 2018, 05:29:39 PM
Yes cryptocurrency and blockchain will disrupt and replace traditional banking. There's already a blockchain startup that's gonna take banking to a whole-new level with blockchain in it
Pages:
Jump to: