Topic: Is banking still important in the bitcoin era? - page 16. (Read 2311 times)
I think bank will always remain relevant no matter what height cryptocurrency development attained. To access fund to finance businesses etc
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?
The bank is important because this financial institution circulates the money in our economy. Actually, we can't withdraw our bitcoins if there is no banks. The banks are creating more regulations about cryptocurrencies for the people to freely use cryptocurrencies. 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?
There are million people without bank account or what they call unbanked citizens of the world. SO what's the point that banks became important to us. Banks became important for people with huge amount of money for security purpose but for people without that much money, banks never became important.
Of course, no one says that you need to replace banks with the crypto currency right now. Blockchain technologies are not yet sufficiently developed for widespread implementation
yes of course banks are important for bitcoin, ,in Turkey, you can buy btc from local exchanges , and you can transfer the money to exchange via banks, so till the find of money transfer way without banks, banks are important.
Yes, because banking system is a must when it comes to transaction in bitcoin or other cryptocurrencies and i think bitcoin is a better together with the system of bank. And fiat is relies on transaction investment in bank so if you will going to used bitcoin in the future it would be a better if there would be an implemented system with the used of bank in transaction and investments together with trading.
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?
The use of cryptocurrencies and other digital or cashless transactions is not yet widespread and majority of the people worldwide are still prefer to use the old ways of using the banks. People need to be educated first on the use of cryptocurrencies and digital investments so they be able get the benefit of using the modern technology. The banks themselves are also going fully digital to meet the needs of the future.
Yes of course even when digital currency will take place banks will still be part of our living for we uses banks in some transactions and loans for the people who needed money to finance their business maybe.
for me, the traditional banking system is still very important for now, because there are still many who do not understand and know bitcoin. especially in remote villages, the internet network is so difficult that villagers are not familiar with and yet understand the blockchain and bitcoin systems. so traditional systems are still important to use for those who do not understand and recognize the blockchain and bitcoin systems
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 banks for me is as important as ever. Banks keep our money and other resources safe. Although banks has lower interest rate due to its regulations but this can help store our savings from bitcoin and other documents as well. Jewelries can also be stored in banks.
Of course, the bank is also required in the Btc era.But the time has not yet come. In fact, the bank does not need that much. Because the bank is playing a very important role in everything that is undeniable. The bank influences the economics of any country, gives VAT, etc.. Bitaken has not yet been recognized in all the countries, and can not be said whether it will pay VAT. So in many ways the bank's role is very much.However,banking is still important in the Btc era.
Of course, because banks are the largest and most flexible source of funds, there is no need to wait for long-term capital mobilization.
Based on the current cryptocurrency development stage fiat banks are very crucial for the whole market to function.
Without the ability to convert crypto to fiat currency most people wont be able to either trade or purchase any currencies at all.
Very curious about what will be the decentralized trustless system to receive fiat money or an equivalent.
Without the ability to convert crypto to fiat currency most people wont be able to either trade or purchase any currencies at all.
Very curious about what will be the decentralized trustless system to receive fiat money or an equivalent.
A country's economy still needs banking today, and Banks will not be shut down by bitcoin in the future.
People are still happy to use debit and credit CARDS.
People are still happy to use debit and credit CARDS.
Back still serves as a great way of storing money in the long run. I hate we can be secured knowing that our hard earned money will be in a safe place. You really cannot remove banks from the equation. Because like what you said this is very traditional. As the bitcoin era is rising, more and more banks are actually adapting the use and slowly incorporating some of its technology to their systems. Banks are still important especially those who earn big in cryptocurrency because they will still need a good place to store that money.
I think bank is still important. Because many people around still trust in bank rather than bitcoin. It is all maybe because bank is already used in a decade and from the start bank is the most safest storage of our savings. It is a traditional saving states. I believe many people around deposit their saving on banks for good. However it is our own choice we can choose bitcoin and bank depending on what we are all wanted.
Of course the Bank is one of the most important establishment in any country in this world, If there is no bank in one country for sure the economy of this country was dead, because banks have a very big role in economics growth.
Back still serves as a great way of storing money in the long run. I hate we can be secured knowing that our hard earned money will be in a safe place. You really cannot remove banks from the equation. Because like what you said this is very traditional. As the bitcoin era is rising, more and more banks are actually adapting the use and slowly incorporating some of its technology to their systems. Banks are still important especially those who earn big in cryptocurrency because they will still need a good place to store that money.
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 agree, bank has still a very significant role in economic growth so even if crypto are already around banks are still present for investments and transactions purposes.
Yes it is, because i also need bank to transfer an amount before it became bitcoin.
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?
of course, The Bank still importan in the bitcoin era, The Bank will still play a role as usual.maybe The bank also create a new crypto.
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