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.
Someone, perhaps, banks are not needed now. However, they will be needed by most citizens and persons involved in business, as well as the state itself. The state in general can not fully exist without banks, they provide service to the economy of any country. Also, banks serve current and other accounts of business structures, transactions can be made in the crypto currency, but legal support for the movement of money is possible only through the appropriate documentary banking support. 
Topic: Soon we would not need banks - page 7. (Read 3670 times)
Banks are old technology. Over the next 20 years it will be super interesting which institutions will be replaced by blockchains.but it will take very long time.
It belongs to another century and we aren't in that century. The bank isn't only sending and receiving, it also helps regulate the economy. Crypto still needs a lot of development to complete the same functions as the bank.
i would love it when we need no more banks, but i think it will be a long time till we are there! :S
Banks will remain as long as FIAT is still valid for all of us and even though Crypto is advancing and all coins can be used as legal payment instruments, if all governments disagree on this, it is impossible for the government to remove the Bank from this world because of the role of the Bank when It is also very important for us to do the Withdrawal and get FIAT.
Based on the fact that I myself rarely use the services of banks, other people I think no more often. And this is either a currency exchange or a loan. I think that soon the bank will go into oblivion
He is right the digital era came with it own development sauce as the block chain technology that house all the digital currency such as bitcoin and the rest of all other tokens. This currencies give the people the total freedom over their financial life.
we do not need banks, we all can use cryptocurrencies
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.
With the development of Bitcoin and Blockchain technology as well as the crypto currency was born. For faster transaction, transaction cost savings and training management. Make the bank weaker and weaker. And I see the crypto currency transactions do not need to much bank but just sitting anywhere can also trade quickly. Future Bitcoin will be able to make banks more difficult. So i think the governments have limited Bitcoin because banks are weak.
That is a very good one, by reducing the stress of going bank and time keeping, which is a very good one, Nevertheless Crypto industrial has been working perfectly to save the world, while still operating on old system to convert Crypto currency to our local currency equivalent to the amount.
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 understand on what stated of Ceo of bitcoin,because being a chief executive you need to make sympathy to your own investment and give a hope of expressing of freedom to its own jurisdiction,to make the people or the investor boast back again there spirit to cultivate more in crypto investment and not to discourage about this bloodish situation that we encounter now,therefore they said that people someday dont need a banks 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.
Sorry not sorry but I will go no for this. Banks is a necessity in our society system. Eventhough there are a rise of cryptocurrency whereas you can store your money digitally, banking system is a must for a reason that not all your money can hold in a digital currency. Also, it is better to secure your money or fiat in a vault or something. Most people still prefer to go to bank to safety their moneys. Tha is my opinion concerning to it.
I agree with you because bitcoin will soon be accepted worldwide and we will not need banks anymore
Bitcoin has put the release of money into the hands of everyone rather than a centralized entity. This allowed Bitcoin to thrive as a non-political currency and a place to store value globally, unaffected by external factors so as not to diminish its value and effectiveness.
The fees and financial advice are a steady stream of income and therefore banks have paid more attention to these revenue streams to make their finances more efficient.
Bitcoin and banks are also different and unmistakable.
The fees and financial advice are a steady stream of income and therefore banks have paid more attention to these revenue streams to make their finances more efficient.
Bitcoin and banks are also different and unmistakable.
Maybe he meant the Apocalypse.) I'm kidding. It is too early to talk about the adoption of crypto and the disappearance of banks.The impact of cryptocurrencies of course will increase over time,but it all takes time.
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 move is certainly a bluff but it's not necessary that banks will still remain in future. Always there are many advancement in every Field as new technology comes in the market . Bitcoin is that very technology that can eradicate banking systems in future so we need to see and examine in future how bitcoin advances itself with new technologies.
Indeed, in my opinion, bitcoin does not need a bank, the bank will only give a loss to the money, let alone bitcoin enter the bank, so there will be a lot of people try to show there interest on it
I think even if there is no bank, there will be centralized agencies that we still need to trust as now there is, but decentralized platforms such exchanges increase
How soon is soon?
I'm not agree with this theory, because coin cores doesn't have the power to process the almost 100k transactions/second that banks process now days.
Maybe a small % of people can substitute banks with bitcoin, but at end there is no enough for all.
I'm not agree with this theory, because coin cores doesn't have the power to process the almost 100k transactions/second that banks process now days.
Maybe a small % of people can substitute banks with bitcoin, but at end there is no enough for all.
Indeed, for the matter of bitcoin, it does not seem to need a bank, because it is managed alone.
But for exchanges, of course, we still need it, this is to buy simple necessities in stalls or shops.
But for exchanges, of course, we still need it, this is to buy simple necessities in stalls or shops.
Jump to: