I hope Banks will be more fair to his customers and technology will improve his service
Lower costs faster transactions etc
There is interesting idea what is even supported by Madame Legarde what is limit banks to only financial service.Limit or even ban banks from money creation
Banks have now incredible power in economy where debt became money
To big to fails is rule what is against free market rules
Banks creating crisis's customers money are rescue them and like a result customers and small business have financial trouble or even bankruptcy
So i think there is something to do on that field
Topic: What would happen to banks? - page 7. (Read 13947 times)
Banks will be not run out by cryptocurrencies but they will modify their business. With time they will implement blockchain technology, at least in some limited scope and also begin to offer crypto related services to their clients. I think that is the future.
But cryptocurrencies will not replace banks and banking, if still someone thinks that and banks will continue to exist in their essential role.
- The bank's range and standing has been expanded for a long time and has a good reputation in society, crypto as a stranger will be difficult to compete in this position but perhaps the trend will grow as you expect, banks will deploy activities that involve crypto just because it is the future of the community. And the role of the bank in the future will be more important than ever when it is working and holding not only fiat and cash, it will hold more crypto, this is a special asset that can increase the growth of the bank. But cryptocurrencies will not replace banks and banking, if still someone thinks that and banks will continue to exist in their essential role.
The government and banks lost the fight the moment Satoshi wrote his white paper.” ~ John McAfee
I think Banks are absolutely terrified of Bitcoin and what is has to offer. Its either theyll be phased out or include crypto in the banking industry.
I think Banks are absolutely terrified of Bitcoin and what is has to offer. Its either theyll be phased out or include crypto in the banking industry.
Banks will be not run out by cryptocurrencies but they will modify their business. With time they will implement blockchain technology, at least in some limited scope and also begin to offer crypto related services to their clients. I think that is the future.
But cryptocurrencies will not replace banks and banking, if still someone thinks that and banks will continue to exist in their essential role.
But cryptocurrencies will not replace banks and banking, if still someone thinks that and banks will continue to exist in their essential role.
if we think that saving is wrong, but that does not apply to me because I always use the bank for investment and save money. banks also have the advantage that they can be used for transactions. and saving is my asset for the future. . hopefully blockchain technology will be used in the bank system in the future. still struggling
I believe Banking will enter a new phase where Blockchain integration will be a part of it. It has already started with some Banks whereas some new cryptocurrency projects like HubrisOne and Amon offers Banking services. Future banks will integrate cryptocurrency into their services.
Just do not say that the entire banking system will be replaced by Bitcoin. This is ridiculous. We raise that even Bitcoin is not enough for all people, because its quantity is limited. Perhaps Bitcoin will remain a valuable asset for a certain circle of people, as a cryptocurrency community.
The banking system will exist at least as long as the state exists, because it is part of the state. Even in its current form, banks can safely engage in their activities, regardless of the appearance of cryptocurrency. However, they will use new technologies if it is economically profitable for them. In particular, they will use blockchain technology, since the SWIFT system they use is already too outdated.
Just do not say that the entire banking system will be replaced by Bitcoin. This is ridiculous. We raise that even Bitcoin is not enough for all people, because its quantity is limited. Perhaps Bitcoin will remain a valuable asset for a certain circle of people, as a cryptocurrency community.
The banking system will exist at least as long as the state exists, because it is part of the state. Even in its current form, banks can safely engage in their activities, regardless of the appearance of cryptocurrency. However, they will use new technologies if it is economically profitable for them. In particular, they will use blockchain technology, since the SWIFT system they use is already too outdated. I agree with your opinion, although the future of crypto or digital money is growing, will not interfere with existing conventional money law, now that the countries that have legalized crypto in his country remain money Many of the services used as a buying and selling tool, because Crypto is more likely to be suitable for investment tools.
Op has stated few things for which the banks will continue its service. Those were really the services provided by the banks, now the same services were possible through cryptocurrency. As everything is decentralized there is no authority to be questioned if some flaw happens in between. Upon trust we need to move forward, and here technical knowledge is a must while there are people to help in banks. Banks usage will continue, maybe there will be integrated usage in the future.
That's right and this is one of the things I'm talking to the members of the forum over the past few days.
I wonder if they always say that the bank will die, even though blockchain technology is very easy to create.
In the future, I think banks will become much better with the help of blockchain technology.
Yes, blockchain technology will continue to be adopted and banks will at least have other advantages because of the large quantity of support and even though banks adopt blockchain technology, in the end banks will still be the first choice for many people for many purposes that are indeed supported by the government. So, even though cryptocurrency continues to grow and banks will also continue to make updates to make it better. I wonder if they always say that the bank will die, even though blockchain technology is very easy to create.
In the future, I think banks will become much better with the help of blockchain technology.
I see that the rhetoric has changed a lot among people who use the forum, because earlier everyone expressed their opinion about the death of the banking system thanks to the blockchain, and today everyone says that the banking system will safely use the blockchain. Of course, this is exactly what is happening today. We should reasonably and really look at what is happening, and not think about a fabulous future. I also believe that cryptocurrency will not be able to destroy Fiat or banks, since the banking system always adapts to new conditions and trends in the financial and economic world, and the national currency is the identifier of the country.
That's right and this is one of the things I'm talking to the members of the forum over the past few days.
I wonder if they always say that the bank will die, even though blockchain technology is very easy to create.
In the future, I think banks will become much better with the help of blockchain technology.
I wonder if they always say that the bank will die, even though blockchain technology is very easy to create.
In the future, I think banks will become much better with the help of blockchain technology.
Banks will not be obsolete be they have their unique features and services although cryptocurrency is revolutionary in terms of financial transactions. The fact that the banks have got the full support of the governments guarantees the survival of the banks.
That fact still remains, government will still entrust the financial institutions into the bank businesses as they still have a wide control over unlike cryptocurrency where they don't have any major power to control the full system, banking system will be coexist even crypto market start being adopted and brings innovations to this industry, there's still people who will continue to trust the banking institutions.
Unless we try denying it there would still be bank. The banks have a stable system which controls and regulate everything but cryptos is just unstable and as long as the banks evolve they will still be in business.
Banks will not be obsolete be they have their unique features and services although cryptocurrency is revolutionary in terms of financial transactions. The fact that the banks have got the full support of the governments guarantees the survival of the banks.
Nothing can happen to banks, because they are part of the current state system, and without government approval, state and commercial banks will work under their normal conditions. Of course, the emergence of cryptocurrency will have an impact on their work. We see that banks themselves are switching to their blockchain technology. Providing services in cryptocurrency banks will be only to the extent that it will be beneficial to them.
As long as fiat currencies are there the banks will remain there too. Cryptocurrencies will replace the local currencies but this will not gonna happen soon. It might take 10 to 15 years before we can fully eliminate the fiat currencies, so the banks will remain until the next decade at least.
What about ?
PURCHASING
Not every sector will be crypto friendly.
AIDING THE GOVERNMENT
KEEPING MONEY SAFE SINCE TAXES ON INVESTMENTS ARE MORE
FIXED ASSETS
GETTING INVOLVED IN MUTUAL FUNDS
PURCHASING
Not every sector will be crypto friendly.
AIDING THE GOVERNMENT
KEEPING MONEY SAFE SINCE TAXES ON INVESTMENTS ARE MORE
FIXED ASSETS
GETTING INVOLVED IN MUTUAL FUNDS
Nothing can happen to banks, because they are part of the current state system, and without government approval, state and commercial banks will work under their normal conditions. Of course, the emergence of cryptocurrency will have an impact on their work. We see that banks themselves are switching to their blockchain technology. Providing services in cryptocurrency banks will be only to the extent that it will be beneficial to them.
If cryptocurrency adopted by everyone in this well then the word loan will get eradicated from the dictionaries because this was created by the banks to keep as poor even if for earning more money.
Then people can start using their money in the way they would like to but under the regulations from the government if it is kind like Bitcoin which is called pseudo anonymous since it can be tracked if we know the origin.
Then people can start using their money in the way they would like to but under the regulations from the government if it is kind like Bitcoin which is called pseudo anonymous since it can be tracked if we know the origin.
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