Topic: Soon we would not need banks - page 6. (Read 3670 times)
it will need decades to kill the banks and use only crypto, but I still doubt as I think banks will change their policies and go deep into crypto.
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 don't think money can be separated with bitcoin, because not all levels of society have good Internet access, but apart from that, the bitcoin CEO wants good news about blockchain technology being spread throughout the societyThe same thing I think because not every country has good internet access and uses Bitcoin well because Bitcoin and paper money have different benefits until now.
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 don't think money can be separated with bitcoin, because not all levels of society have good Internet access, but apart from that, the bitcoin CEO wants good news about blockchain technology being spread throughout the society 
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.
Possibly, crypto currency will rule every country's financial activities. That is the prediction of so many crypto loyalists and lovers. And I think that also. The world is constantly changing, especially in technology.Yes, everything can happen in the near future are technology keeps improving, But I cannot totally say that we would not need banks in the near future or in the next more decades.
Why? if humans are still using the FIAT currency, they will always need a bank, unless crypto currencies can be used throughout the community. maybe we no longer need a bank
That is good point there. As long as fiat currency is in circulation and remains the choice of the general public and proves to be the most convenient to carry around, then banks is set to remain with us. Though i'm not denying the possibility that banks may finally see the light at the end of the tunnel in the future, i don't think its nowhere near the next decades to come.
And perhaps it is noteworthy to point out that unless bitcoin receives government backing, banks will remain to prevail among cash-currency systems of any government.
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.
Possibly, crypto currency will rule every country's financial activities. That is the prediction of so many crypto loyalists and lovers. And I think that also. The world is constantly changing, especially in technology. 
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 may be a hard time making banks obsolete. We are all aware how government supports banks more than bitcoins which make it their strong hold in the economy. I believe that fiat and bitcoin can run together in this world.
Being able to do everything from my house is my dream.
someday what you say and want will become a reality but for now in my country it still takes a long time and process because until now the government still has not legalized cryptocurrency as the prevailing currencynext few years, as we seen that crypto already gathered some interest coming from businesses and if government fully adopt the system there's
no need for banks to exist as we can use our own devices to hold our assets.
maybe that's the wrong opinion because not everyone who understands crypto. so in my opinion, the bank will still be possible for a long time.
Why? if humans are still using the FIAT currency, they will always need a bank, unless crypto currencies can be used throughout the community. maybe we no longer need a bank
Ohhh maybe there are some crypyo coins that can replace the function of traditional banks?
Modern banks have too many functions to replace them with cryptocurrency. And even if the crypto will be able to perform most of these functions, the banks will rather change their approach, possibly reorganize, but will still function. As an example - loans, who will give them to people? After all, this function will always be in demand in one form or another.
With the technology more and more developed, soon we will not need the bank anymore, the traditional transactions will be replaced by electronic transactions quickly and conveniently.
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 won't happen so soon for sure.
I think it's possible, but not in the near future. While the concept of Bitcoin does work around a though that leaves behind the need for banks, many still resort to bank for storage, investments, etc. In my view, I think that both can co-exist without one harming the other. The availability of payments and the option actually go to a physical structure and talk to actual people for transaction purposes is still convenient one way or another.
Couldn’t agree more. But the main issue here are the scammers that will definitely our gratest nightmare. Good thing that Myshield was created to bring us full confidence in all our online transactions.
Being able to do everything from my house is my dream.
someday what you say and want will become a reality but for now in my country it still takes a long time and process because until now the government still has not legalized cryptocurrency as the prevailing currencynext few years, as we seen that crypto already gathered some interest coming from businesses and if government fully adopt the system there's
no need for banks to exist as we can use our own devices to hold our assets.
maybe this could happen, because the progress of bitcoin so far has been very rapidly developing, and it could be in time that bitcoin will be made as the world's virtual currency, because it feels very helpful for the economy of the world community.
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 may be a hard time making banks obsolete. We are all aware how government supports banks more than bitcoins which make it their strong hold in the economy. I believe that fiat and bitcoin can run together in this world.
Banks will continue to exist even if the whole world goes into cashless transactions. Banks have also their own ability to evolve their banking services digitally. The fiat can also be converted into digital money like the cryptocurrencies but not decentralized. Only time can tell when will the world doesn't need the banks anymore but I think they will continue to exist longer than you think.
Being able to do everything from my house is my dream.
someday what you say and want will become a reality but for now in my country it still takes a long time and process because until now the government still has not legalized cryptocurrency as the prevailing currency Jump to: