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?
Presently, banking system still plays the major role in the international marketing system and in the world trade and exchange. Big corporation and stockholders are still using banks as their primary tool for their financial transactions. The rise of bitcoin and other digital currency are not bank base, but still needs fiat conversion to roll in the market system, but as innovation comes in to the future, the actual fate of bitcoin and commercial banks is still yet to be reveal. 
Topic: Is banking still important in the bitcoin era? - page 18. (Read 2260 times)
I think if bitcoin will rules the world maybe bank will be gone. Because why you use bank if the profit interest are low. Wjile saving in a bitcoin is huge profit.
It is an interesting question. To my mind, it plays its role but day after day it becomes not so important as it has been before. I am not a specialist in this sphere but I think that in the nearest future it will lose its importance at all
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?
Well it depends on the person who holds the money. In our country if you obtain a huge amount of credentials probably you should involve in Banking in which you can diversify the amount thag you would lile to save or invest, but the thing is it will never be big as it is if you risk it to this platform, what I am trying to say that Banking nowadays is very optional, since we can say that without rhis you can be profitable, and you can invest your money even in this plarform, it just that not everybody are aware to this platform and chooses the traditional way of saving.
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?
that's right commercial banks often earn from their clients as they use the banks services, loans, credit cards, etcetera.
Due to bitcoin function as an alternative form of payment, some credit card users has shifted or used bitcoin for payments now.
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, it is still important especially to those people who still believe in banks and don't trust bitcoin yet. So i guess it won't be gone that easy not all people adopt bitcoin even how popular bitcoin now or for more coming years . Financial institutions are not going to disappear, crypto or not. The are an essential, integral part of the current economic system. Retail banking is just a small part of it, financial institutions providing capitals for corporations are much more important, and crypto is of no danger for them.
I agree with this statement. Banks are financial institution that has been an integral part of our developing economy. They will not disappear instantly because it will still be a part of the digital era. Cryptos may create their own Crypto Banks and I believe it will be a good competition because they will offer the best services and options for its Clients. 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 think bitcoin will not affect much the bank.... Banks is very important to make our economy grow... Probably if bitcoin will dominate the world... Banks also will start to develop and they will improve also... Surely bitcoin will not be the reason of its future problem.... They will continue what they've start and also they will probably adopt the new currency of the world... I hope it happen.... Banks is really important in our economy and also in our community....
of course, the bank has its own role in a country, its small example as a container for lending capital, other credits and as its, even though the development of crypto world is very rapid, but the bank has its own role, and they will not close the company, maybe later them will follow also the current development of the crypto world
true, banks is still essential today even if cryptos are soaring today, because not everything can buy and paid in bitcoin, we need banks for conversions of bitcoin to fiats in less fees, there are other purposes of banks that bitcoin cannot cater like housing loan, car loan ,business loan and salary loans, we still need banks, we can live with it up to now, we are ok with cryptos and banks co-existence. Maybe people that will use the cryptocurrency will not deal with the banks so actively but most of us will have these services. Banks will not disappear.
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?
In my own personal opinion, banking is not important in the bitcoin era because bitcoin and cryptocurrencies do not need banks they have their own way to store them, that is why some governments in other countries banned bitcoin because bitcoin can removed banks if bitcoin was legalize. 
Those who are earning in cryptology they don't think that banks are that very important they are only important for them for cashing out the money and nothing else they also want that the banks should be gone and there will be only cryptocurrencies based banks.
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 still very important, because the use of bitcoin is not everyone, and there are some things we can not get in bitcoin, and only we can get in banking. both have their respective advantages and disadvantages.
The roles of banks must always be required for people and companies for transactions, and must be recognized at this time that the salaries of thousands and even millions of people use bank services so that whenever the banks will be important and can not be abandoned.
Until whenever banks will be important for the country and the economy, we all know that business and investment in the world are in dire need of funds, and that they can get by borrowing funds in banks.
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?
Banks are also important and being valued in our community. Of course, because it plays a vital role in our country because it is the well known place to store our earnings. It is still best for everyone to store their savings and earnings in banks because a lot of people still trust it. There are also people who don't know what crypto is and that they still rely in banks.
of course, the bank has its own role in a country, its small example as a container for lending capital, other credits and as its, even though the development of crypto world is very rapid, but the bank has its own role, and they will not close the company, maybe later them will follow also the current development of the crypto world
That was entirely true. Banks play a different role in our society. It is not utterly similar to bitcoins. Banks of ours are still essential roght now even though people say that it is a bitcoin era because of banks have a capability that bitcoin doesn't have like loans, credit cards, lending capitals, and so on. It also play a special part in economic status. Banks support the economic growth of a country. Moreover, banks are protected by the states. You can surely be know that your money is safe.
Banking system won't be dead. You know why even crypto creates banking system. The project comes to landed the society if it got succeeded. Crypto needs to have own blanking style in order to have much better services to give the clients a secured system of their banking. Banks will be upgraded in the now and in the future.
The role of the bank is so important Especially in our economic growth, they use the bank not only for storing money or investing in it but to support the economic growth. it is not recommended to replace banking system in other system, some people preferred to use bank account to save their money because of the security features that the bank can give. We cannot be controlled by the technology but we can control technology.
I think the role of banks will continue to decrease due to various influences, when we can perform the tasks that are usually done banks then we do not need banks, so I agree that someday banks disappear because bank is not important.
I think so, the bank has its own system work and its own rule we all know that bitcoin though popular as it is, but still not all country are using bitcoin only few so far and so we we still be needing bank and as for the people who haven't know bitcoin yet and ist usage they would prafer to use bank as simple as it is.
The main factor is banks are fully protected by the state, banks are the most important thing to support all economic activities so that anytime and any conditions then banks will continue to survive. Jump to: