I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.
Banks play an important role for a country as you can say banking is the backbone of a country. It is very old system and now it has become the most important and valuable financial institute. Yes banks are still of great importance in Bitcoin era because Bitcoin is new in market and it will take sometime to disturbed banking system as well. Still banks have value you can easy create an account and make any transaction easily to any country. Another important thing about banking is that is collects taxes which Bitcoin do not. 
Topic: Is banking still important in the bitcoin era? - page 9. (Read 2260 times)
I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.
Banks play an important role for a country as you can say banking is the backbone of a country. It is very old system and now it has become the most important and valuable financial institute. Yes banks are still of great importance in Bitcoin era because Bitcoin is new in market and it will take sometime to disturbed banking system as well. Still banks have value you can easy create an account and make any transaction easily to any country. Another important thing about banking is that is collects taxes which Bitcoin do not.
As long as economy exist banking is important but there will be a revision to conduct a greater transaction and this maybe influence by crypto, forcing the bank to improve the service.
I think banking is still important even in the bitcoin era especially for all business establishment that immediately need cash and because not all are involved in cryptoworld and some of them don't understand crypto so better we still need banking.
Banking cant be scrapped yet. The banking system is still important because there are still many people that are not into the bitcoin world or even know what it means. The banks will still save our money even after we convert the altcoins because there is still no available platforms to spend all these cryptocurrencies
Yes. Crypto coins needs banks in order to store huge volume of coins in safety and big storage. I think it would be more important to have banks on that era. Banks are necessary for us in the future.
Banks would even be much more important if they can embrace cryptocurrency reality and carve a niche of relevance for themselves in that space. But i bet their taskmasters and co-conspirators would not allow them to do that until it becomes a must.
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?
Bitcoin can replace the money? Of course, No. My final answer to your question is Yes, Banks is still important in this era. Money "fiat" have a big role in our society that why we still be a bank. Not all individual using the bitcoin. It still banks are important because we fully trust, and our money is secured on the banks. I am not saying that wallets are not secured. This the reality in this world. We can borrow funds in the banks not like on the bitcoin.
Atleast I wont quit using banks because there is hardly anyone in this world who gives you additional money on the amount you secure!
For me even if we almost don’t earn interest in the bank, i still say bank is important to us and to every country in the world. The traditional and safest way to save your money and no worries to think. Banking is the most legal way to transact money circulation all over the world.
Although currently the use of Bitcoin and altcoin has been highly developed in various countries the Bank System remains important.
I see many people in various countries still depend on the Bank.
Not everybody transacts with Bitcoin, Even for countries that prohibit the use of Cryptocurrency Banks obviously become their choice.
I see many people in various countries still depend on the Bank.
Not everybody transacts with Bitcoin, Even for countries that prohibit the use of Cryptocurrency Banks obviously become their choice.
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 the fact is bitcoin is only new currency which have no enough power to make bank dissapear. Although bitcoin bring a lot of benefits for us butthe scalability issue is still prevent all peiple to use bitcoin. Bank wil always needed since it's one of governments tools to make the economy of country more stable. Most of people in this world are still need bank to store their money and process their transactions.
Any time, there is a bank. It was a bitcoin era. If there is no bank, then the money of the state, the state and the people will be stored and how the transfer. And where will the financial evaluation of a country be based?
Banks will always be important even in the bitcoin era, because banks has so many funtion in this world and not all people in this world can adopt bitcoin so for me there will surely still a lot of people will put there money in banks over than investing it in bitcoin. I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.
Yes, banks are still important in bitcoin era because many of people are save their money in bank and that's business dealing are though the banks, and we receive our money from bitcoin with bank, so without banks any country cannot succeed. 
I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.
Bank and bitcoins are not the same thing. Physical currency and crpyto currency are two different things. They trade/transact in government backed fiat currencies only. Although Bitcoin is a legal payment tender in some countries. Your traditional banks do not directly deal with Bitcoin. There might be some intermediary who convert Bitcoin to local currency and vice versa. Secondly Bitcoins is against the concept of centralised authority in charge of your money. If you need a bank to park your money, you do not need Bitcoin.
Banking is still important in the era of Bitcoin. Banks have their own importance as it play an important role in any developing country in the process of tax collection and other functions. You can call banks as a financial institute which gives you many benefits in the form of current account, business account and saving account. It gives you also loans for business purposes and banks have connections all around the world and it is so easy and legal every where. You can easily make use of banks and make transactions every where in less time so banks have its own value and Bitcoin is new in market it will take some time. 
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 have been and will be important in any state and regardless of the extent to which it introduces crypto-currencies. Crypto currency can not destroy banks or make them disappear in any way. The banking system is needed by the state, so the state will protect their existence. The view that the crypto currency will strongly affect banks so that they can disappear is wrong. Banks and crypto currency will eventually be forced to work together, banks will provide citizens with various types of services in the crypto currency. It's unavoidable. 
Sad but true, banks are still needed in the current era yes because physical cash is existed every large quantity and cannot be removed completely from the world even if all the government permitted it I doubt that they can remove the cash from all over the world. there is cash but still, we have to increase the demand of Bitcoin and other coins every day as much as we can only then in the future there will be only one coin which will rule on other coins in the market and of course, there will be some new coins too
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 don't think so mate. I much more foresee that banks and similar business entities would make the market work for them by incorporating it in their system rather than totally fencing it out of their business. I say that because as much as the cryptocurrency market is risky, it still has its positives that banks would still see it as good investment. In business anyway, there is no return if their is not risk involved. I think what's taking them so long is studying how much they can mitigate or totally avoid episodes of losses because that would mean that they make put in peril the money of their depositors.
Anytime banking is very important for a country. Although now we live in digital world that bitcoin is increasingly popular, banking is still needed by many people. As bitcoin users we also need banks to exchange bitcoin into physical currency. The state needs banking for economic growth, finance and managing the resources of the state. I believe bitcoin will not destroy banking, because they will grow according to their own path.
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