In my mind bank crypto was in this forum, it could be this forum became a bank for account owners.
If in fiat it is certainly already has a separate bank and this is the community still using banks for savings and loans.
We still have bitcoin but we need banks to exchange with fiat, I feel that banks are still functioning, and crypto remains a place of exchange.
Topic: Soon we would not need banks - page 21. (Read 3735 times)
Bank. What a normal people do through a bank
- transfer money
- make a deposit that is to save money.
- to pay expenditure
- loan
Everything you can do by the help of crypto currency. So why we need bank?
- transfer money
- make a deposit that is to save money.
- to pay expenditure
- loan
Everything you can do by the help of crypto currency. So why we need bank?
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.
But what if there are some person who did not want to use the crypto and stay to fiat? I think there are some case that the government does not eliminate bank. Yes, we can say that we don't need that but there are some case that they can do anything or something to get back and use the bank again.
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.
Unfortunately, with the current state of the market, we will move to crypto but the players involved will control the market.Governments/feds own billions/trillions of dollars. Each country could easily inflate the bitcoin price, and take control of as many as they can with the current lack of interest.
Be careful, but hold your btc.
Maybe the banks will not disappear with the adoption of bitcoin, but that bitcoin will take over most of the tasks of the banks that's for sure. And it will be more convenient for us.
There will be something bad going on with the bank and this will conflict with the state because it is very profitable for those countries.
its not possible to leave banks behind, banks will remain the structure that gives our financial lives shape. Crypto will be adopted massively yes, but not at the expense of eliminating fiat completely.
Maybe the banks will not disappear with the adoption of bitcoin, but that bitcoin will take over most of the tasks of the banks that's for sure. And it will be more convenient for us.
Bitcoin I still trust a little more than the banks. I'm more attracted to this modern technology, and I think banks are outdated system.
Nice theory but unfortunately it isn't true.
Banks will survive and will continue to exist. Of course they will have to adjust and change the way of their business, they will need to become more digital and at the end to accept Bitcoin and cryptocurrencies too but they will not wanish.
Economy and governments in many countries still depend on banks, as well as individuals and that will not change so soon despite the growth of cryptocurrencies.
Banks will survive and will continue to exist. Of course they will have to adjust and change the way of their business, they will need to become more digital and at the end to accept Bitcoin and cryptocurrencies too but they will not wanish.
Economy and governments in many countries still depend on banks, as well as individuals and that will not change so soon despite the growth of cryptocurrencies.
Of course, banks are not an ideal system, but it has many features that are useful to people and bitcoin will not be able to implement them.
It is true. If you have your money in the form of cryptocurrencies on your wallet, I think it is safer than saving in microfinances and rural banks that are not very reliable
The fight of cryptocurrencies remaining in existence is still on-going and some governments are still fighting to bring it down. I believe banks will still be in existence because it is a financial institute that deals with currency transactions, which i believe would inculcate cryptocurrency into their system for crypto transactions.
As soon as the blockchain technology will be massively used it is likely that banks simply will not be needed.
Don't think its gonna happen soon, concept of bank has great impact on us .it helps to save a lot of money ,you can get interest ,loans , saving valuables,there is more sophistication and also there is third party that manages it for so many people reducing stress, maybe in little far future when more trusted and advanced techniques will come and but not soon surely
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 the CEO of bitcoin cash said is the real truth, because there is no need in doing a traditional banking when the technology called blockchain has simplified everything as it relates to the financial transaction and immutable record keeping of the transactions.
Banks are such an organization that will offer mountains, and in the end you can stay with nothing. They can find employment in any case.
I think what he is saying is that if bitcoin continues large-scale adoption around the world then P2P as well as expected to increase with the acceptance of bitcoin then conventional bank needs will decrease and more people will prefer to deal with crypto because it will be faster and secure. There will be no time for conventional banks to not exist.
I don't think so. On the contrary, there is going to be a stabilisation and firming of the fiat currency business and transactions, in order to keep their customers and clients coming. No one is just going to fold their arms and see their family and age long business, source of livelihood go down the drain without giving a formidable fight, so this is going to make the wiping of banks a long time future occurrence.
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.
It is not impossible to happen since bitcoin are proven by many individual but i think it would be just an optional. It also give us a good benefits, it could help us to save our money since we have an digital wallet, less time and less hassle if you are in a transaction of bank unlike bitcoin or should i say digital wallet could make our transaction easier and faster. But like what i have said that i think that it would be an optional.
i will not go with this and maybe this isnt happening anytime soon. nothing can replace the fiat or old money system. crypto will thrive , i am so confident of that but not like replacing the fiat system.
This is not at all possible especially in my country i.e India. Banks are very essential to run the economy. All the online transactions such as NEFT, RTGs etc are performed by banks, Moreover banks accept our surplus cash and lend us loans too. Half of the population would not accept crypto just because its highly volatile, and many illiterate people who don't know how to use mobiles or PCs will definitely not accept crypto. So the shuting down of banks is not possible.
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