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 we still need the Banks as they had a big role in our economy. The Banks will have their own crypto to continue their business. Although people that has bitcoin or crypto will not necessary have a bank account as we can store our funds to our wallets. 
Topic: Is banking still important in the bitcoin era? - page 17. (Read 2260 times)
Definitely yes, because if the bitcoin and bank combine it easy to many users to in cash their balance in their wallets. Moreover deposit and withdrawals will because more easier compared to current, because as of now we need to find stores where they buy bitcoin. Actually I was encountered stores who giving high amount of charges thru small amount of transactions of bitcoin. That is so unfair to us.
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 of course. Even Bitcoin era was a total fast rise nowadays, banking system and banks are still important and useful for a certain country because banks do establish the financial balance and the creation of the country's national currency to take hold. Added by the fact that many people are still lying into banks due to its own unique services offered in which Bitcoin may not offer. Banks will totally be possible to be part of Bitcoin rising era for those people who tend to earn in terms of Bitcoin but wanted to do exchange it in terms of cash for those place who are still into using cash despite of Bitcoin's wide usage. 
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 would be part of the bitcoin ere, banks has always been with people since a very long time, and as I know it, they are made as a partner fkr people, for safe keep and a helping hand, if we are approaching the bitcoin era, I believe, that banks are sure to take a part of it and will go together or along side with this new system.
Totally yes.Banking plays important role especially for safekeeping of our extra money or credits.And besides they can offer us a huge amount of money if planning to run a business that needs big capital.Although we can have that amount if we work harder in our crypto but still banks remains as it is because both bitcoin and bank have different functions.
Banks has existed for centuries, so they are very important. I think there is no immediate threat them on the growing world of cryptocurrency, if there really was we would see them first hand complaining about the latter's existence.
Despite the fact that there maybe the need for the bank loans,when for example there exists very innovative idea and someone wants to make it real and he needs to take a loan from the bank,I personally don’t see problems,but when we can use bitcoin and other decentralized projects ,why do we need to use banks? Why do we need to send our funds via credit cards and not by bitcoin? I can’t understand..
Banks has existed for centuries, so they are very important. I think there is no immediate threat them on the growing world of cryptocurrency, if there really was we would see them first hand complaining about the latter's existence.
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 fact that there are too many people who want to take a big(millions of dollars) loan the bank is still useful for them and for their business purposes,but in another situation there is also a good environment to forget about banks,because bitcoin give advantage which doesn't have bank...But everything depends on people's purposes,how we value it,I personally don't like banks because of really high fees,etc..Anyway I would choose it...
The Bank's still very important to me, in the conduct of trading and investment activities, namely as a means of financial transfer to the purchase of assets in the form of crypto or as a means of finance from the sale of crypto because so far our country forbids if the cryptocurrency used as a method payment.
I totally agree with you the bank is still important in the society today, the bank still play a vital role in the economic development of most countries today.
Banks are regulating institutions, so there will be a complete chaos without them, as most funds are concentrated in banks.
It could take a long time to drive the greatest majority payments to blockchain (I would say like 15-20 years), and don't forget that blockchain still has some restrictions like the speed and cost of transactions.
It could take a long time to drive the greatest majority payments to blockchain (I would say like 15-20 years), and don't forget that blockchain still has some restrictions like the speed and cost of transactions.
I think the banking is in need even though bitcoin is already there and already many who save money in bitcoin but if we want to attract funds then we also need a bank to withdraw the funds we have generated from this bitcoin
This is right but this is the financial aspect only. Bitcoin's value is not related to your bank account or withdrawal abilities. Bitcoin has a value itself with the unique environment and its usage. Please don't mix them, bitcoin is something separated from the banking system.
Of course, banks are very important. Most middle-aged people from childhood know what banks are. And it is difficult for them to understand bitcoin. Banks also do not stand still and study the technology of Blockchain.
I think the banking is in need even though bitcoin is already there and already many who save money in bitcoin but if we want to attract funds then we also need a bank to withdraw the funds we have generated from this 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?
A bank in the crypto is needed only to use plastic cards and so on.Otherwise i would say that we need good exchanges not banks or something similar to it.
yes I think banks will still be needed in this bitcoin era because not everyone knows about bitcoin and not every place can accept bitcoin so we still need some cash to buy some stuff and we need a bank to be able to get some cash
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! Banks have important role in our economy and society, there will be big problems in our economy if the banks will disappear. Banks will exist in our economy forever because of its function and benefits in our society. 
Banking is all about the financial administration, without banking none of the government will function in a better way. Maybe they have flaws in the functioning, but they're much in need for a country and other needs. Even now bitcoin has got dependence upon the fiat system, which shows the need for banking.
Fore now banks remains a sinequanon that is an indispensable part for both national and international means of business transaction hence we cant do without it for now but i think in the nearest future the possibility to do without banks can be their.
I think not,most people prefer storing their bitcoin in a bank is the best and secure thing to do, but when a hacker attack it, or system bug that curropt the information on your storage keys, or the the bank manager decides to take the wealth and go happily ever after.
It's better to keep it on our own rather than keep it somewhere else, besides we can control it directly with out any consent of a bank incharge.
It's better to keep it on our own rather than keep it somewhere else, besides we can control it directly with out any consent of a bank incharge.
Jump to: