Topic: What will happen to the banks if people uses cryptocurrencies more than fiat? - page 2. (Read 1249 times)
April 18, 2018, 09:08:43 PM
I think, bank will be okay, everyone's idea is versatile. they can be flexible of what the world use to be in now. if that will be happen, I might say banks will adjust their system they may use cryptocurrencies for exchanging and they will also continue to their works. So i think there's nothing worry about it.
April 18, 2018, 07:28:11 PM
Existence of crypto isn't having a purpose of killing banks or fiat money, instead it only give us other options what to be used in a certain transactions. I know banks still remain at it's position even though cryptocurrency are widely used for the reason that, some people and small establishment might be still using fiat money.
April 18, 2018, 02:38:42 PM
Nothing much will happen. Banks as existed, and will continue to exist. If the crypto currency will largely push fiat, banks will work vseravno, because the work they have at any time will be enough. Banks will continue to serve the implementation of the country's budget and perform a monetary function. They will also perform all other functions, only, possibly, in smaller volumes. Also, banks for sure, will provide various services in the crypto currency.
April 18, 2018, 10:51:14 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
Everything can happen, it's either banks will ask help for government to regulate cryptocurrency, or banks will be innovative to adapt cryptocurrency and block chain technology to their financing system to be able to take advantage of crypto and at the same time survive.
April 18, 2018, 10:08:47 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
This situation can be imagined but talking seriously this will never happen in reality as fiat has build faith over people and have multiple uses like its legal money and you can buy goods with it whereas it will take crypto long to get adapted in that system.The banks are all ready to face that thing and have already planned to adopt blockchain technology and issue its own digital coins.Moreover they have various services to offer whuch cannoy be overtaken by cryptocurrencies.So we will say Banks are here for long term. 
April 18, 2018, 10:02:13 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
I think they will be alarmed and would start to tell their governments to stop the process or they could join in with the people to adapt the community of cryptocurrencies.
April 18, 2018, 09:51:41 AM
Honestly, this is very difficult for me to imagine and completely beyond my thinking. But this is a new condition, the bank must be prepared to accept this condition if it happens, and I am sure they (the bank) have prepared it to deal with this condition.
April 18, 2018, 07:05:00 AM
Bitcoin and all the technology blockers can remove from the market such an intermediary, like banks. to store bitcoins you do not need a bank. You can store your crypto currency on your computer, limiting access to the wallet in any convenient way for you. I am more than confident that in the future, in most official purses, a currency conversion mechanism will be added, when transferring funds from the purse of one crypto currency to another. Also do not forget about hardware wallets, in which all of the above can be implemented now.
April 16, 2018, 03:32:45 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
if more people use crypto currency than fiat currency, I think there will be many from Banks that will adopt blockhaind technology. by creating a crypto currency that acts as a financial asset but remains in control of the bank as a central controlling finance. but I think for now the crypto currency will not be able to eliminate the existence of the fiat already owned by every state that has been established by the government and with the control of the government. April 16, 2018, 03:12:45 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
No one knows about this. But now, most people still trust for the bank. In other side, many scammers in crypto. It make a crypto has no trust for some country. So, how to make remove the scammers? And how to make people trust for crypto. I think it could be a big question for us.... April 16, 2018, 03:12:03 AM
I think banks should so something about it .they should accept crypto for them to not in trouble like bankrupt .
April 16, 2018, 02:39:25 AM
In the present time banks are operating through fiat money and it is not the only function of banks there are so many other functions which are done through banks and other financial institutions and people will must use fiat bitcoin is good but it is not openly allowed in many countries and on the other side bitcoin is highly volatile then some conflicts will arise with the value.
April 16, 2018, 02:29:21 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
the possibility that banks will begin to close and begin to go bankrupt due to loss of some existing customers, if there is a bitcoin in my opinion better avoid the bank and better keep the assets you have in bitcoin to be able to get a lot of profits.
April 16, 2018, 01:02:39 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
Just a thought, but I think the banks would start to adopt the technology, in order to keep up with the innovation of the day. As technology becomes ever more efficient by the the day, the regualtors must either utilize existing regulations in place, or change, adapt and adjust regulations to keep up to with the times.
April 14, 2018, 04:29:34 PM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
That would be the best if it happens. It would lead to the elimination of banks which are the main fraudsters. They are charging a great amount for doing anything related to money even if it means just holding on to it. It would become possible to use cryptocurrencies in daily routines easily. This would be especially beneficial for people living in far flung areas or the outskirts of the cities who do not have easy access to banks. They can then easily use cryptocurrencies at their homes as it would be widely acceptable then. April 13, 2018, 02:27:55 AM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
The banking system is not a system that can easily be completed. If the situation you are talking about is realized, the system is immediately arranged in accordance with the cryptographic sector and the cryptocurrency banking system has also started. As a result, when the USD is not used, bank reserves will be assessed through cryptocurrencies. Although it may seem like a difficult process at first, after a short transition period, the system will continue to mesh without problems. You can be sure of that.
April 13, 2018, 02:18:08 AM
Upon adoption of cryptos bank system will probably change according to the circumstances. That only mine opinion.
April 11, 2018, 05:41:57 PM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
Just a thought, but I think the banks would start to adopt the technology, in order to keep up with the innovation of the day. As technology becomes ever more efficient by the the day, the regualtors must either utilize existing regulations in place, or change, adapt and adjust regulations to keep up to with the times. April 11, 2018, 05:15:45 PM
I think banks would be just ok! Becouse they will accept cryptocurrencies and make all the services availiable now in crypto, lol. They will find a way to provide this!
April 11, 2018, 04:59:19 PM
If cryptocurrencies will be the basic mode of exchange in the future, what will happen to the banks then?
I think bank will use of some people that don't have ability to use cryptocurrencies like our grandma's or grandpa's or even our parents. And also some of people don't interested in cryptocurrencies. So banks never gone even there's cryptocurrencies that we use we need to consider the ability of others. Jump to: