Topic: Does bitcoin pose a threat to banks? - page 7. (Read 1914 times)
Yes it could be
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
can be because this bitcoin is not bound by the law anyone can use it and whenever people can access the bitcoin, so chances are people will find safe and easy in accessing their money and without complicated queuing at the bank registration is quite complicated and far from home for transferring our money to the customers in the target. if we are already in easy to mencet bitcoin without complicated ngantri why not. maybe my opinion is only that and thank you. Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
It’s true that bitcoin has gained a lot of popularity among the people throughout the world and it has also gained a lot of users who are ready to invest in bitcoin throughout the world. But still I don’t think that bitcoin poses a threat to the banks because firstly, people trust banks with their money way more than they trust bitcoin with their money. Banks regulate the currency because of which it is stable whereas bitcoin is not regulated by any bank and it is not stable form of currency. 
I think the bank will not disappear, because countries around the world desperately need it. Banks as a means of rotation of the state economy, without the existence of a bank, a country will not developer. And al
I think bitcoin pose as a threat to banks as a competitor in investment, bitcoin gets the attention of some people to invest with, rather than banks, but it cannot replace the traditional banks.
Bitcoin is modern technological invention and it is called digital money. Now a days everything become digital. If the conventional banking system does not make their system digital then it will faces some difficulties. So it certainly a threat for the bank. But it will takes time.
Bitcoin certainly poses a threat to banks, when banks are used, bitcoats and crypto payments as payment here and abroad, then banks can no longer charge a fee for this transaction. What can lead to a large number of banks closing.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
For people like us here in bitcoin of course it does because we all know what are the capabilities of cryptocurrencies in replacing banks. But when we ask people outside here they'll say that idea is ridiculous
from my view bitcoin poses a threat to banks. In this time and age it can’t replace the banking system not yet, but at least not in the foreseeable future. What about the future that we can’t see? That might pose a different question.
Bitcoin will reduce the number of banks, but it will not destroy them at all. And I think they can work together, because bitcoin will greatly simplify the work of banks.
Exactly. Here in my country most our banks adopt the crypto currency as they want to be part on the trend here in the cyberworld. Which is the fact that they accept bitcoin to fiat as they invested in bitcoin. Also, our central bank as it is government sector here in oir country approved to be part of us as we can access through online payments using bitcoin which can automatically converted to fiat.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
I think not. There's always a market for these two because they're two different things. Just like kodak films and digital cameras. They're both similar in function, which is to capture images, but by different methods. The same goes for cryptocurrency and fiat money.
Yes Bitcoin poses a threat to banks, that is why many governments are out to stop the circulation. I don't think it will destroy banks per se. To destroy the banks you would have to destroy the governments of these banks and that would be a task.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
Bitcoin actually do not pose any threat to any bank but the real matter is that these banks do not know to adopt bitcoin and they do not know that how will they get the benefit from that currency. If they will know about the coin and they will learn that how will they adopt that coin for their banks and how will they get the benefit then nothing bad will happen to them but they will also start to get a profit from that field.
could replace the bank, a small example in my country many people who can not afford the minimal technology. Is it possible they can get bitcoin, Maybe it could be in Europe or in the US can replace the bank, and already many ICO banks are popping up? Let's see how this develops.
For my own opinion ,Yes it does because there are people who would prefer putting their money in Bitcoin rather than the bank,
People would think that they could have more interest or gain more money if they put it in Bitcoin .
People would think that they could have more interest or gain more money if they put it in Bitcoin .
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
In a way it does post some threat to banks and to the banking imdustry. First of all, with the introduction of bitcoin investing it even more hurt the minimal amount of peolle that are investing in a savings bank. Which then really hurts the banking industry in some way. Moreover, bitcoin wallets are becoming more reliable and safer ways to save and store your priced investments which leaves vanks in the back of evetything. I think it's hard, at least for government-backed banks, because banks have a lot of business, like loans, savings, and of course, savings are the most used. The price of bitcoin fluctuates, making it impossible for those who do not believe bitcoin to switch to bitcoin. And private banks, which may receive the impact of bitcoin, as will not collapse, who knows.
My own opinion bitcoin pose is not treat to banks. Banks has lots of functions it is not only focus in savings. Bitcoin has different functions as well. I think that head of each bank and mandated by the government will look for way or a new functions that is related to bitcoin in the future.
Bitcoin will reduce the number of banks, but it will not destroy them at all. And I think they can work together, because bitcoin will greatly simplify the work of banks.
when we see the recent inovations that threatend the corporations even though they were operating many years in the world, a threat to banks also is possible and if the community sticks together it is very possible to replace banks.
More likely a threat for a banks but ofcourse, alot of ICO now a days are creating tokens that is beneficial to banks however in the next few years we can't use banks coz it's a thirdparty user. We are aiming to have a peer to peer platform.
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