Topic: Is banking still important in the bitcoin era? - page 11. (Read 2260 times)
Banking is an important part of the whole social economy, and we think that even if we enter the bitcoin era, banks are also essential. It can provide loans for enterprises to help a country's money to maintain a stable purchasing power.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
yes, I also think that banks are still very important. although the technology is getting better because of bitcoin, people will not be able to escape with the bank. because at this moment the currency used in everyday activities is physical money. I am sure that bitcoin users will not be able to escape with the bank. therefore as a means of exchange between the currency crypto with physical currency. so I also think that banks are still very important for everyone.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
I think banks still needed. Banks have good infrastructure for lending and saving. I am believe in crypto era, banks will evolving their bussiness and bank will adapting crypto for their bussiness
Yes, banking will still be relevant. Maybe not bank for fiat but for crypto. I don't know how it will be but thats what i think of.
If bitcoin has mastered the various sectors in modern society life and it has been legalized by all countries then I think banks will slowly get knocked out because all the people are already using bitcoin transactions where there is no need of third parties as intermediaries.
In my opinion, although the bitcoin era has developed, banks still need it. Bitcoin transactions between traders when paying money must also be made via bank transfer. Moreover, a country will retain a unified currency, so the bank will be the place to trade.
A bank does not only deals with transaction but gives you the freedom to keep money in three forms that are M1 type of money, M2 type of money and M3 type of money. Besides, banks keep the record of every transaction and collects taxes from the people. Bitcoin off course gives much freedom but in my opinion cannot replace the banking sector due to the mentions reasons and many more. 
Banks are important because, it is backed up by the government and financial institution. Banks have establish trust and are trust by majority of people to entrust via money with. Banking is safest way you can hide your money with, without the worry or trouble that someone will stole them from you. Unlike in bitcoin when someone stole your bitcoin it cant be recovered.
Yes. I think it will still matter even if bitcoin already conquer the financial world. Banking will always be there because they offer almost all kinds of payment. Bitcoin is just the alternative. Also banks offer loans that currently bitcoin doesn't have. Banks and bitcoin will co-exist in the bitcoin era. Banks will never die regardless of how we advance in technology.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes, Maybe by doing banking we can do withdrawal over the counter because thats the main purpose of the banks. Banks also can cater request even offline because they have all the records of investment unlike todays status that we are only keeping security keys for us to do transactions.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
People are still afraid of bitcoin and not all countries have a stable Internet in order to use it. I think banks are still needed because they help people make money transfers.
Truly, Bank still important in the Bitcoin era. We can't supplant the fiat or called cash. Their nearly designate of individuals are as yet utilizing the money more than the bitcoin. This reason we still need it. Bitcoin and cash have a huge distinction for the most part on the utilization of it. Presently banks are additionally extremely perplexed of credit is bit by bit losing an expansive number of clients. Bank assumes an imperative part in each nation since it is the notable place to store our cash on the bank.
it is still very much an impression of bitcoin overpriced and especially in countries that do not accept bitcoin because the bank helps to safeguard and safeguard the country's currency that does not use bitcoin. that's just my opinion
Banking is needed by the society and there are many countries who are not using bitcoins.
for now the answer is yes , because bitcoin payment for something is still rare , and we need it to convert our coin into Fiat
but if bitcoin payment acceptble by everyone , bank have no power
but if bitcoin payment acceptble by everyone , bank have no power
Bank definitely still important in this bitcoin era, because in my opinion that banks are the medium for us to get the fiat. Bank's saving service also important for many people too in each different country. I think that bank could walk together with crypto. Crypto for international transaction and whatnot, and banks is the medium for each country.
Banks hold the world money and Bitcoin is still very small niche in the whole world finance. Bitcoin users are relatively small group and therefore banks will play major role also in the future. Major players in finance are USD and EUR currencies.
Yes banks still important even in Bitcoin era, some will still keep their money in banks. Bank's have a very important role in our country so no matter what banks will still be there.
In my opinion i still need a bank, i can use the bank as storage of all my earnings here Like a volt it will serve as my back up storage.
The bank in my opinion is still very important, the bank is a place to save assets .. banks facilitate us in terms of taking money. what if no bank, how a country manages state finances.
yes i think banks and fiat in general are still important.
when the day comes that ill be able to go buy bread in my local supermarket with btc (or any other crypto), that's the day banks and fiat will be irrelevant
when the day comes that ill be able to go buy bread in my local supermarket with btc (or any other crypto), that's the day banks and fiat will be irrelevant
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