Topic: Soon we would not need banks (Read 3735 times)
In the future, we do not need banks anymore because we can replace traditional transactions with electronic transactions. You can make transactions anywhere just the internet, extremely fast and convenient.
Banks are important to keep saving our financial statements or money. But according to time, there is a higher possibility that the banks will work with crypto. Banks can change their policy and they will add crypto as well in their service.
Banks are important especially on businessmens so I think it is impossible there are lots of transactions that banks do aside from that cryptocurrency also use some banks as of now for some holders to withdraw or deposit their money.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
I think it's overvalued. Banks will continue to play for decades
it is will never disappear
But its role will evolve with the development of the financial system.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Banks will not go anywhere except to stay and adopt the technology. Ripple is there backup by banks and currently competing with Ethereum in 2nd place. If you don't want banks to take over, avoid buying Ripple. The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
what do you mean don't need? of course we still need a bank. Banks are financial institutions that function to collect funds from the community and are managed for the community again. even though someday crypto is increasingly popular and more and more users. banks will still be needed as a place to borrow capital. and many companies or factories that need banks as a place to borrow capital. I think banks and cryptocurrency can run together without having to eliminate one of them. even they should be able to support each other.
I think they mean banks that are using fiat money. The primary reason why we need those institutions is so that we can be paid and pay for something digitally. When you're working, it's quite rare to get paid in cash. They are paying you by sending the money to your bank account because it has less work for them and for you. Besides, you're going to use your bank account mainly to pay for the things that you're buying. Cash is only used for smaller transactions, mostly for small shops that don't accept cards. With bitcoin, we're not going to need the banks for this reason.
Regarding the reasons you are talking about, I think the banks can switch to using cryptocurrency if that's what the people are looking for. On the other hand, there's really no point for them to do so since the money that we have in our bank accounts are essentially already a cryptocurrency. The only difference are they are issued by the government, they are centralized, and the government can create more of it out of thin air. Ever wonder why the banks are so calm when you tell them that your money got stolen due to a security breach? It's because they literally don't care. They will just add a couple of numbers in your account then that's it.
i think thats impossible , because we all know that there are many goverment countries that against to crypto sytem . if that happens the goverment will be the first who make an action to make this system banned .
I hope so that bitcoin and crypto will change the financial systems of the country and banks are playing vital role in the country while it is noticed that bitcoin and blockchain technology has changed the world system soon.
I think you always need a bank to transact or save the amount of money you have. I think you are a technology developer in reducing transaction time or money transfer but still depend on the bank.
i also think like that,
indeed we need banks to make transactions, such as buying goods. we still depend on the bank, indeed crypto development is very good in transactions. but not all companies are able to accept it, and bank services are accepted by all companies so we still depend on the bank to do something crypto cannot do.
Still needs bank because if you cashout your cryptocurrency most of them are using bank and that is the uses of banks. Can you please give all information so we can know if it's true or not.
I'm just curious. But isn’t the purpose of a cryptocurrency for us to go cashless? Having banks and exchanging cryptos for fiat defeats its purpose. Cryptocurrencies could pave the way for quick, seamless, efficient and cheap transactions. We don’t need banks for that. Banks will only hinder the convenience that crypto offers, don’t you think?
i make sure that we need the bank anyway. it safety man 
I think even we are using cryptocurrency we still need a bank.may be for now not all banks are accepting crypto transaction but their are some banks that you can transact and widraw
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Bitcoin cash officially doesn't have CEO, although it's true that Roger Ver often seems like the one for the job. Anyway it's true the way we bank today is going to change thanks to bitcoin
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Of course we do. Banks offer us help for everything we can't afford. How do you expect for yourself afford a car without a load? Are you willing to pay as cash to that?
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
what do you mean don't need? of course we still need a bank. Banks are financial institutions that function to collect funds from the community and are managed for the community again. even though someday crypto is increasingly popular and more and more users. banks will still be needed as a place to borrow capital. and many companies or factories that need banks as a place to borrow capital. I think banks and cryptocurrency can run together without having to eliminate one of them. even they should be able to support each other.
The cryptocurrency and the bank work together to better serve humanity!
Banks have an important position in the current economic activities, people will not give up the bank's services because of the development of cryptocurrency!
Banks have an important position in the current economic activities, people will not give up the bank's services because of the development of cryptocurrency!
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
In my own point of view, even though cryptocurrency is gradually famous we still need Banks for our daily transaction. we should not throw that easily we still need it everyday and even though crypto is easily to used in transactions, still it will never be compared to banks. Banks has many contribute in our lives especially to our economy and we need it also because it used by the government.
I think you always need a bank to transact or save the amount of money you have. I think you are a technology developer in reducing transaction time or money transfer but still depend on the bank.
We don't need banks even now. I can order a card on the Internet, call to support and ask them any question. I think in future banks will be online and then they will stop existing.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
his words may be come true because as the time goes by the technology is upgrading do it is not possible that we will not ne needing banks because in bitcoin our money is fully secured and I think bitcoin never be bankrupt because there is no people who manage and handled it.
We cannot deny the role of the bank that we have long used. If for example, in the future crypto will be used as a payment method throughout the world, I hope it will not erase the role of the bank. Every country has its own rules regarding finance, so if only crypto is to be used, there will be many problems that arise.
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