Topic: Soon we would not need banks - page 14. (Read 3735 times)

I do agree with the this fact that banks will soon go extinct and this will be as a result of change that is going viral,technology is taking over the world and people are adapting but it will wont be happening soon thanks

  I dont think so in the future will let us u out in the coming years how bitcoin will developed more.It will be happened in the future.

That will be merely impossible to happen because not all types of people around the world is capable for adaptation since we all do have different scenarios in life to adjust ourselves into that innovation in terms of currency. Many people are still relying into cash and not just that, many also do benefit on the services provided by banks such as purchasing loans and other services that the banks wish to provide sustaining its consumers needs and wants.

Seeing is believing! As a matter of fact, until the cryptocurrency is being fully adopted by the government, a lot of the purposes of the altcoins won't be fulfilled. This can happen later on but it will come with a serious revolution.

I think we will still need banks in the future because banks are already with us for a long period of time. Thus, bitcoin and banks are going to be a source of profit to us.

Yeah, we can say that the bitcoin users does not need banks to hold their money because bitcoin users have their own money banks like online wallet, the problem is not all of us are using bitcoin so that there are still people that will continuously depending on wallet.

Yes, I also think that banks are still very much needed, even though now we can use bitcoin transactions, but the central bank is still needed in every country, so in my opinion banks will always be needed, and not everyone can make transactions using money crypto.

A bank is a third person, which only complicates the whole process of transferring or receiving money between people.  With this, a significant commission is charged for their services.  Everyone understands that this is what banks do to themselves a certain profit.  But with the advent of crypto currency, such commercial companies lose their value in the financial world.  Who needs these inconveniences when transferring funds?  Why complicate your life, pay extra money and wait for a long translation time, if you can just solve everything with the help of digital currencies ...
 Such a state of affairs is understood by all the banking organizations of the world, which were so much in demand in the past.  Now their need is quietly going to second place, as more people are beginning to understand what crypto currency is and what advantages it gives.  And this is a big problem for banks, as this will make them incapable of further existence, due to their gradual exclusion from the financial system.  In connection with such financial freedom from the banking system, the leaders of various commercial organizations will continue to tell people through various sources of paid media that the crypto currency is a bubble that will soon burst.  That all this is a deception and a conspiracy.  However, already now there is a lot of evidence that the top guiding echelons of banks continue to unnoticedly buy up the crypto currency and keep it in their caches.  This is done, of course, in order to increase investment.  And this is worth thinking about ... Therefore, I am quite confident that the banks in the near future will leave the stage!

the bank is the main cor in the country, i think all country need a central bank, and if they don't have a central bank the economy if the country can't work fluently so i think that bank can't disappear

In the perspective of mine, banks will never be ignored. We will still need the banks in the future although there is a rising in cryptocurrency. Most of the people still want to secure they money in a vault. Physical money is still a must. I think cryptocurrency is just an alternate of fiat currency. I mean, the banks and cryptocurrency can co-exists. There is no need for the banks to get rid so we still need the banks because it is more stable than crypto.

"soon" ist probably a longer while, but I believe it will definitely happen. However, something similar to a bank will come up in the crypto world I imagine.. Similar, but better. 

I do not know why they said that we would not need banks in the future because of cryptocurrency because in the first place it is the one who use by many.

I think the revolution is coming very soon. With the likes of PumaPay, Request Network and Coti we could really see a difference coming for everyday payments. The choices are endless, a cashless society is coming and the world will embrace it eventually!

Never. Cryptocurrency can't replace banks. There are many functions that banks are cryptocurrency can't have. Banks still very important to global economy. Moreover, governments are behind banks to back up them.

No. I'm of the opinion that banks still play an integrate part in the financial system of every economy. Without banks, the economy can't normally operate. The function of crypto isn't the same as that of banks. Banks make capital move from surplus to deficit, cryptos can't do that.

It is possible in the developed countries of the world but it  will be impossible in less developed of the world.  Bitcoin is taking over the use of money in some parts of the world. Banks will no longer be in place for keeping money because the world is moving toward a way of adopting a system of economy called cashless economy.

if the issue with cash is yes, banks will not be needed since the world captures the crypto currency, that is, electronic money

Soon? how soon, the would be only possible if Bitcoin becomes generally acceptable in purchasing basic things. If not, we can't do without the banks, no matter how popular Bitcoin gets.

Yes soon, we will not need banks because of high technology we have. Times comes that bitcoin will be implemented and acceptable to all country which have different use such as money keeper, money transfer, mode as online payment and other thing.

As the popularity of bitcoin is so much increase from the previous month bitcoin is all over accepting in world but not accepted in some countries the blockchain is system is very quick and also deals with fewer transactions fee so maybe soon we might did not need fiat money so if there is not fiat money there will be no banking system.