Topic: Soon we would not need banks - page 25. (Read 3715 times)
The blockchain technology is very developed, and after that we will be very convenient transaction without the bank, about 10-20 years. Sure, there will not be much banks, but it will have central banks to handle the tasks and transactions.
Banks are not there just for providing money custodian services, there are other features - crypto will be massively adopted by banks and banks will remain banks, no worries.
Unfortunately, that is not true.
The majority of us is still depending on banks like we are depending on fiat money. As well as states and governments are depending on them too.
Having in mind that only about 2 percent of people in the world are using Bitcoin and cryptocurrencies you will realise that this is utopia.
Still Bitcoin is excellent alternative to fiat currencies and banks and with its success it has made them to make some changes and improvements in their businesses and relation to clients.
The majority of us is still depending on banks like we are depending on fiat money. As well as states and governments are depending on them too.
Having in mind that only about 2 percent of people in the world are using Bitcoin and cryptocurrencies you will realise that this is utopia.
Still Bitcoin is excellent alternative to fiat currencies and banks and with its success it has made them to make some changes and improvements in their businesses and relation to clients.
I think he meant people who are already in cryptoworld, not the entire planet.
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.
do you mean replacing fiat currency with bitcoin entirely?you can only fantasize, it will never happen at any time,
Well, maybe yes for us who early in crypto world. We have enough knowledge about it but there are still people who not totally improve regarding technology. So both will be here bank and crypto, ut is essential for different types of people. We will be on crypto and professional worker will be on bank
The blockchain technology has made good things and soon we would not need banks because i love to use crypto even at different countries we can use this currency and for a business man it is golden opportunity that they have different coins for different transactions.
Of course, when people start to use gold again then bank will not get enough income to operate their business. Until now I don't think that bitcoin will be the main currency of the world. Even people only comsider it as an asset. Maybe bank will be dissapear not because of bitcoin but real gold.
There's no CEO of Bitcoin. And I really believe that we really don't need bank now or soon. Bitcoin will do that, we are decentralized, we can send payments virtually, without going to any bank. We just need our personal Bitcoin wallet and internet connect to send or receive payments.
If someone does not need banks, it does not mean anything. Banks are always needed by the state and it will never close banks, as banks serve the economy of any country. Seysas, in fact, banks have become part of the state and while there will be states, banks will work. Therefore, all these conversations that the banks will soon disappear, have no basis.
nope. i don't think it will be happen. in one country the government and the banks are the most needed to regulate it as good before it run. if the banks disappear it will be like that they're money country would disappear too because banks are the only place when were made the money country. and i am sure government not allowed it. 
If someone does not need banks, it does not mean anything. Banks are always needed by the state and it will never close banks, as banks serve the economy of any country. Seysas, in fact, banks have become part of the state and while there will be states, banks will work. Therefore, all these conversations that the banks will soon disappear, have no basis.
This is my opinion too since I first met my bitcoin. As a person working in the banking sector today, I do not think the banks will survive in the near future. Cryptocurrencies can change the financial system completely.
I do think it will not. Banks will stand where it is even crypto exists because many are choosing banks where to store money safely even me. When you do not want to used for investment, much better when you store it on something secure and it still grow even small interest.
Yes why not. 
I think this topic only means that CEO is couraging the situation of Bitcoin now.
It seems CEO feel confident about their major with Bitcoin. Did they state that Bitcoin will dominate the currencies all around the world?. But with this situation of Bitcoin now, I see just a bluffing. Bitcoin can not be replace money soon, at least, it needs a long long time to replace almost money all around the world.
If sent by Bitcoin (BTC), in most cases the fee will be less than 1 USD. With the current charging formula, there will be $ 1 million fee will be only a few tens of cents, even from anywhere in the world.
Also, one way to minimize the damage is to use Bitcoin to transfer money. Bitcoin networks now play a role similar to clearing houses or interbank transfer networks such as SWIFT, with shorter transaction execution times and much lower costs.
So we will not need to transact through the bank to lose so much money.
Also, one way to minimize the damage is to use Bitcoin to transfer money. Bitcoin networks now play a role similar to clearing houses or interbank transfer networks such as SWIFT, with shorter transaction execution times and much lower costs.
So we will not need to transact through the bank to lose so much money.
This is again a marketing move in order to increase the rate of its cryptocurrency.I don't think the banks will go missing.All governments will not allow this to happen.
Bitcoin and blockchain technology is created to give people a foolproof, guaranteed records of human transactions, entirely without reliance of a banks. It means that when all the people used bitcoin, then the banks won't be needed anymore.
there's no proof that wr not need banks soon. not because the cryptocurrency are good ? remember, the bitcoin will not flow in one country if the government doesn't allowed it and we know that they choose the banks over these cryptocurrency no matter what good it is. so stop predicting and just go with the flow, maybe you will ended in hurting yourself .
Bitcoin and blockchain technology is created to give people a foolproof, guaranteed records of human transactions, entirely without reliance of a banks. It means that when all the people used bitcoin, then the banks won't be needed anymore.
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.
Come on guys, it just mere publicity. If you promote a product you will say good on what you have a say something subtly bad on others.
Banks will not end on our generations. Do you think banks owners and investors will allow that bank will become irrelevant? it won't.
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