For seniors who can't handle their financial affairs, Banks will be the first choice.
Bitcoin gives young people independent authority, and we don't need to communicate face to face, using bitcoin as we please.
Topic: Is banking still important in the bitcoin era? - page 31. (Read 2285 times)
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?
We do not need to ask if the banks is still very important in bitcoin era. Of course wherever we go we need a bank. Possible bitcoin ended but Banks is still alive. Banking plays an important role in the financial life of our economy. And also banks can be seen from the fact that they are considered as to be life-blood of our commercial and industrial activities. And in different country banks is very important to support not only in the economic but also in our society.
Yes bank is very important in every era. Bank is never can't be replace with anything. Most of people still saving, do transactions with bank.
Bitcoin is just digital/virtual payment, can do transactions, have a investment inside etc.
Bitcoin is just digital/virtual payment, can do transactions, have a investment inside etc.
I think banks are 90% of the equation. The only thing holding crypto back at the moment is uncertainty regarding regulation so I thing creating a symbiotic relationship with the banks whilst retaining standards and principles is very important
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 do actually. I think that if the emergence of the cryptocurrency cannot be stopped and that there would be a lot of things that we cannot stop then banking would change and adapt with it forever. I’m thinking that people would want that their bitcoin or cryptocurrency be insured or that they have a much more safer way than our electonic wallets we have in our computers and in the internet. Banking would look for ways in which they can appeal
To the masses
definitely yes bank is still important bevause is digital currency we can't use it if we will not exchange it into fiat. We need the paper currency and bank is the one who providing paper currency.
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 still feel that banking is needed for now, and I still feel important about it. Bitcoin exists only in the world of crypto or digital currency. We still need paper currency like dollars or fiat in everyday life. Only for bitcoin can be used as an investment method and online payment.For now I will agree with you since not all of the people do know about this cryptocurrencies, especially those people who doesn't have computer knowledge or should I say they are not updated on what is happening on the society because they don't have social media account or not using the internet, you know old people. So, in the near future I guess this banking(of fiat) won't be needed anymore, we are going to use crpytocurrencies instead on banking, but not the usual banking that we have now.
Banks are always gonna play an important role in the economy and society.
With the rise and regnant of bitcoins in recent years, accompanied with the controversy
that seems to escort with it, banks are still an essential institution that's very reliable, dependable
and influential.
With the rise and regnant of bitcoins in recent years, accompanied with the controversy
that seems to escort with it, banks are still an essential institution that's very reliable, dependable
and influential.
Completely agree with you. Here is why some people will never leave banks:
1) There is a trust factor associated with bank. I mean do transactions worth millions but yet very few cases of frauds or corruption are reported in banks. On the other hand, a lot of bitcoin exchanges were not able to keep themselves protected from hacks.
2) Banks have also started to provide a number of other services like lockers and insurance. It is good have all these facilities at one place as it saves time.
Cryptocurrencies are good for human trafficking. But this is not enough for the state economy to work. Only banks can lend to businesses. Without this, it is impossible to modernize enterprises. The Fiat currency can perform this task. But the high volatility of cryptocurrencies makes it unacceptable for lending.
Banks are always gonna play an important role in the economy and society.
With the rise and regnant of bitcoins in recent years, accompanied with the controversy
that seems to escort with it, banks are still an essential institution that's very reliable, dependable
and influential. It really doesn't matter if bitcoins are gonna compete with banks, since banks have been
around for quite a long time and they pioneered somewhat a fragment or more of what bitcoin aims to establish.
With the existing fiat systems each and every nation has today, bitcoins cannot fully compensate or replace what
banks have offered and served to nations throughout the years. Banks will always be the standard class in financial institutions
everywhere. Bitcoins will have to coexist, cooperate, relate and learn from them in order to thrive, survive and succeed more in the future.
With the rise and regnant of bitcoins in recent years, accompanied with the controversy
that seems to escort with it, banks are still an essential institution that's very reliable, dependable
and influential. It really doesn't matter if bitcoins are gonna compete with banks, since banks have been
around for quite a long time and they pioneered somewhat a fragment or more of what bitcoin aims to establish.
With the existing fiat systems each and every nation has today, bitcoins cannot fully compensate or replace what
banks have offered and served to nations throughout the years. Banks will always be the standard class in financial institutions
everywhere. Bitcoins will have to coexist, cooperate, relate and learn from them in order to thrive, survive and succeed more in the future.
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?
Banking and its services is still a very important service when it comes to money talk. Not all of us had a good amount of knowledge on bitcoins and how it works so those kind of people do tend to choose the traditional one rather than this digital services. Even if I am using bitcoins I also still prefer bank when it comes to money since it is still the one that is supported when receiving my pays on my current work.
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 still feel that banking is needed for now, and I still feel important about it. Bitcoin exists only in the world of crypto or digital currency. We still need paper currency like dollars or fiat in everyday life. Only for bitcoin can be used as an investment method and online payment.
like it or not, banks are a big part of our lives and every one of us are going to be using them at some point and we won't be able to simply give them up so they will keep their place in any futuristic world that we have even with bitcoin around.
lets not forget that bitcoin is not that big yet to want to replace the huge banking system that is currently working.
lets not forget that bitcoin is not that big yet to want to replace the huge banking system that is currently working.
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 still have the main influence in the countries. I think we are far from times when they will not be needed, at least for governments to maintain their authority.
Ofcourse bank are still important in our society. There are still so many people or business man still save their money in the bank. Bank has its own role in our society. So i don'k think bitcoin will make banks 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?
The services for retail customers are only a fraction of what banks do, and even regarding retail services, not all of them can be covered by crypto: crypto is rather useless for mortgages and crediting in general. But outside retail, banks issue bonds on behalf of corporations and governments, they credit governments, issue fiat currencies (Federal Reserve is owned by private banks, if you were not aware of that fact) etc., all those activities cannot be currently covered by crypto.
Crypto Wallets are kind of banks where you store your coins. Well, we need banks for now as crypto still needs a couple of decades to spread all over the world. But when the world goes full crypto, the regular banking we know today will change.
banks will always be needed , its just that the models that are currently being used are more repressive than constructive when it comes to REAL economic growth and development .Bitcoins will need a bank eventually cause lets be clear structure and doing things in an ordered way is imperative , and if you cant influence your currency to achieve certain fiscal or monetary objectives then that currency will have deleterious effects on the people of your country.what is now needed is some revolutionary thinking to integrate bitcoins into the banking system , changing the game play , liberalizing the system and ushering in the new financial world order.
Banks are still important, it will always be, maybe not for some of us anymore cause most of us have our own digital wallets where we put our crypto coins and tokens but to some people who do not use this digital wallets, banks are still important. Not just because they invest in these banks, or they store and deposit money in here but because there are some things that banks do other than this things. Some of these things are: (1) Banks lend moneys to people. (2) Credit cards from banks are used anytime anywhere by people, and (3) Some banks accept transactions using bitcoins like converting bitcoins to fiat money.
Nope, banking system is not important anymore in the bitcoin era. You can keep your money on your phone without any worry that it might get stolen, Also transaction is very fast. Your money also grows overtime. Bitcoin has a very promising future in the monetary industry that is why banks are destabilizing bitcoin.
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