I would like to make a rough estimate of my nature, for fiat, they are always one of the currencies that do not have any currency that can change them, and I believe that in the future the bank will have difficulty. If the crypto market continues to grow, the bank will freeze. The crypto market will grow to be high and sustainable later on.
In the future, technological advances will change most human work, taken over by technology such as robots and computerization. For example fiat money, which has a manual transaction process and involves the bank, will be replaced by crypto money that runs based on blockchain technology. Where everything is digital, so the transaction process is very short, but safe. 
Topic: Fiat, Banks and the future of Cryptocurrencies - page 3. (Read 26331 times)
Banks and fiat is just a traditional method of doing transactions and crypto currency is the advanced method of doing transactions without delay too much time. Cross border payment will take seconds to reach second party even if they are in another end of world.
I think blockchain will be used in the banking very soon
I think blockchain will be used in the banking very soon
I think the future will be in digital format.
surely there will be many that meet with digital format. we know that many countries are increasingly sophisticated and advanced with the digital world. because in its use is very easy and fast.
I think the future will be in digital format.
The initiation of cryptocurrency worldwide has done massive benefits to the populace and the nation. Banks are faced with the problem of people withdrawing most of their monies from there and investing rather in crypto.
Soon enough we will see a collaboration between the fiat, banks and the cryptocurrency in the future because that is where cryptocurrency is going since it has a technology that the fiat and the banks need so they can have a better future in the making. Cryptocurrencies might be look like a scam or a bad image for other people in investing but it the future, it will be playing a big role.
Electronic money needs more time to reach most of the community. There are still many skeptics about it that still exist. The future of banks with electronic money is not certain. It is important that everyone agrees to accept electronic money. Then you can go on.
While the concept of Bitcoin ATMs is ground breaking in itself, it’s important to take note of how the cryptocurrency ecosystem and blockchain technology can help break down traditional banking barriers. As more of the global population continues to operate without centralized banks, Bitcoin and other cryptocurrencies can be used and managed all on a cell phone. And as more cryptocurrency ATM models enter the scene, crypto holders are now able to make use of their digital assets by instantly cashing out.
Soon enough we will see a collaboration between the fiat, banks and the cryptocurrency in the future because that is where cryptocurrency is going since it has a technology that the fiat and the banks need so they can have a better future in the making. Cryptocurrencies might be look like a scam or a bad image for other people in investing but it the future, it will be playing a big role.
Electronic money needs more time to reach most of the community. There are still many skeptics about it that still exist. The future of banks with electronic money is not certain. It is important that everyone agrees to accept electronic money. Then you can go on. 
First I do not know why it is a problem to transfer some of your profit to fiat,you do not want to pay tax or your crypto exchange does not have KYC?
I think that banks are perhaps the most powerful institutions in the world,and if they want it is very easy for them to strike on cryptocurrency very hard.Imagine that all or most of worlds banks say that buying/selling cryptocurrency becomes illegal,it means no direct money flow from banks to exchanges and vice versa.People would have to find another way to to buy/sell crypto,so only to trade in person or maybe on ATMs.
So far banks still evaluate situation what to do with BTC and cryptocurrency in general,we see some news that they are not still seriously concerned(not losing to much profit I suppose),but if profits star to go down and Lightning Network really improve scalability and make transaction fast&cheap there will be some reaction from banks for sure.
Regarding ICO I do not have any opinion how would such scenario reflected on this kind of business,but in general they will also be affected if banks are set completely negative toward cryptocurrency.
I think that banks are perhaps the most powerful institutions in the world,and if they want it is very easy for them to strike on cryptocurrency very hard.Imagine that all or most of worlds banks say that buying/selling cryptocurrency becomes illegal,it means no direct money flow from banks to exchanges and vice versa.People would have to find another way to to buy/sell crypto,so only to trade in person or maybe on ATMs.
So far banks still evaluate situation what to do with BTC and cryptocurrency in general,we see some news that they are not still seriously concerned(not losing to much profit I suppose),but if profits star to go down and Lightning Network really improve scalability and make transaction fast&cheap there will be some reaction from banks for sure.
Regarding ICO I do not have any opinion how would such scenario reflected on this kind of business,but in general they will also be affected if banks are set completely negative toward cryptocurrency.
I also agree with the thought that banks are the most powerful institution in a financial department. With now the emergence of crypto, they sure are finding ways to handle it and deal with this new trend of currency.
Ignoring all the ICO and altcoin scams and focusing on the plausible scenario of Bitcoin as reserve currency and it's interaction with banks by then: I believe banks will still exists, since not everyone is a computer expert to keep their private keys safe. Banks will charge money to keep computer illiterate people's bitcoins safe from hacking and other threats.
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Let´s assume that your prediction is correct for a moment. How much would banks
even be able to charge for such a service? Right now they are earning money through
a multitude of financial products (from checking accounts to exotic derivatives). I think
that the potential profit of a service that you describe is much lower than the
profit that the banks currently make.
If this scenario does indeed come true, banks will have to shrink in size and probably
will have to be run with a fraction of the staff (and probably without a meaningful
network of branches as well).
I think the Japanese banks are quite smart in this regard, because they position themselves in a
way that they profit from cryptocurrency exchanges (either by founding their own exchange or
by owning shares of an existing exchange).
I would like to make a rough estimate of my nature, for fiat, they are always one of the currencies that do not have any currency that can change them, and I believe that in the future the bank will have difficulty. If the crypto market continues to grow, the bank will freeze. The crypto market will grow to be high and sustainable later on.
When government regulate cryptocurrency, i am believe ICOs will be more selected. Regulation can reducing scam ICOs. I think future banks is like exchanger because in cryptocurrency, we dont need third party for transaction.
Ignoring all the ICO and altcoin scams and focusing on the plausible scenario of Bitcoin as reserve currency and it's interaction with banks by then: I believe banks will still exists, since not everyone is a computer expert to keep their private keys safe. Banks will charge money to keep computer illiterate people's bitcoins safe from hacking and other threats.
I think there will be an huge business there. Banks don't need to necessarily disappear, just adapt, and the field is clear: being custodians of bitcoin, huge market niche there, there will be competition and good alternatives to choose from. One might think this defeats the purpose of Bitcoin, but that's beside the point.
Futures banks are just that, it's just a matter of adjusting to electronic money. The bank represents the government that stands out for your assets, away from hackers. I think in the next few years if the country is modernizing, electronic money will replace all activities of cash and other transactions. At that time the bank only represented the protection of electronic numbers is possible.I think there will be an huge business there. Banks don't need to necessarily disappear, just adapt, and the field is clear: being custodians of bitcoin, huge market niche there, there will be competition and good alternatives to choose from. One might think this defeats the purpose of Bitcoin, but that's beside the point.
Ignoring all the ICO and altcoin scams and focusing on the plausible scenario of Bitcoin as reserve currency and it's interaction with banks by then: I believe banks will still exists, since not everyone is a computer expert to keep their private keys safe. Banks will charge money to keep computer illiterate people's bitcoins safe from hacking and other threats.
I think there will be an huge business there. Banks don't need to necessarily disappear, just adapt, and the field is clear: being custodians of bitcoin, huge market niche there, there will be competition and good alternatives to choose from. One might think this defeats the purpose of Bitcoin, but that's beside the point.
Futures banks are just that, it's just a matter of adjusting to electronic money. The bank represents the government that stands out for your assets, away from hackers. I think in the next few years if the country is modernizing, electronic money will replace all activities of cash and other transactions. At that time the bank only represented the protection of electronic numbers is possible. I think there will be an huge business there. Banks don't need to necessarily disappear, just adapt, and the field is clear: being custodians of bitcoin, huge market niche there, there will be competition and good alternatives to choose from. One might think this defeats the purpose of Bitcoin, but that's beside the point.
You may have heard that many European banks with most of its concentration lying in Germany have accepted cryptocurrency as their regulator or latest have accepted investments in cryptocurrencies, the only thing that banks need is stability which bitcoin is approaching
3. Do you think this could lead to "ICO heavens" where only ICO's will have a chance to survive that undergo a stringent background check that would be acceptable for banks?
maybe it will be like that. this is like a selection stage
Soon enough we will see a collaboration between the fiat, banks and the cryptocurrency in the future because that is where cryptocurrency is going since it has a technology that the fiat and the banks need so they can have a better future in the making. Cryptocurrencies might be look like a scam or a bad image for other people in investing but it the future, it will be playing a big role.
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.
Big banks and financial institutions failed to adopt bitcoin because it was too slow. Bitcoin takes 10 minutes to “confirm” a transaction.
Banks is ok anyway but there are middleman, clearing house that creates additional charges on the exchange process and its expensive. While cryptocurrency creates that transfer way faster and way cheaper than banks. I believe that cryptocurrency will going to be massive in the near future that most of the company will going to adopt its system. Good luck.
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