Topic: Will banks disappear because of cryptocurrency? - page 33. (Read 64424 times)
Banks? No! But we definitely foresee drastic changes in the nature of current fiscal system. With crypto currencies making their foothold stronger with time, banks and governments will have to change their approach towards the functioning of current system. The traditional banking system needs to be revolutionized in order to sustain. It won't be able to recuperate a downfall. We have example of Venezuela at hand. Only if the government and authorities were proactive, the results wouldn't be so drastic.
It seems to me that it is impossible to win against banks. They have too much power. Perhaps this correction came because of them
I think, because, at the present time, cryptocurrency is much more advantageous than banking, although the amount of money the banks around the world are greater than Cryptocurrency. But because of the tremendous value and anonymity when exchanging Cryptocurrency is more powerful than the bank.
the Bank will continue to exist and even more good work by the existence of crypto. even many banks are also slowly worn system technology from blockchain and also accept and support the crypto. Bank and crypto will be mutually supportive and beneficial.
This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?
Feel free to drop your comments here.thanks
Feel free to drop your comments here.thanks
The bank will not disappear even Bitcoin will replace fiat because the bank will probably shift from fiat banking to crypto currency banking which is also in their favor due to the banking sectors are already used to digital transactions in which the way crypto currency is the actual processing.Therefore banks will not disappear but only the commodity will be replace from fiat to crypto currency.
No, the bank is still trustworthy. At present, the cryptocurrency is a high-risk investment. The funds are placed in the encryption. After all, there are many security risks, such as hackers.
Of course the banks are against. They are generally against the whole of the cryptocurrency. They lose their income. Only on one commission how much they earn. They will fight for their money until the last. You do not want to lose your income.
I don't for see that at all.there will always be a need for fiat globally as crypto will be face with the challenge of handling some micro transaction worldwide. Banks will always complement even if the crypto world is fully accepted globally.
If crypto is fully accepted ,banking industry will find a way to directly involved and still become relevant too
If crypto is fully accepted ,banking industry will find a way to directly involved and still become relevant too
This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?
Feel free to drop your comments here.thanks
Feel free to drop your comments here.thanks
Okay if you think so. Then we will come to Ethereum or Ripple developers to look for housing finance loans or we will look for additional capital for business simply by filling out an online application. Come on, there are indeed many dreams in crypto, but some of them won't come true.
This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?
Feel free to drop your comments here.thanks
Feel free to drop your comments here.thanks
In my opinion, that won't happen at all, because believe me we won't want it. Crypto is a p2p transaction that will still need a third party.
I think we will not trust each other to transact without a marketplace. So I think it's impossible for a bank to not survive.
The central bank is representing the money or the government of that country, if the crypto make the bank gone, then it is also like breaking a government. Heads of states will not let crypto do that
I don't think it will never be. Banks will surely stay for a very long time. It is much more trusted by many especially those people who are not into cryptocurrency or who are unknowledgeable about it. Banks are still likely to survive even cryptocurrency roar high.
This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?
Feel free to drop your comments here.thanks
It's impossible. It will not happen, because people would still use and recommend to use bank than crypto. They will not risk their money investing in crypto. In bank the value is stable, no need to worry about the bear markets. Feel free to drop your comments here.thanks
It's still early to conclude. I'd like to see how things play out in the future. While crypto is very promising, I don't see it completely knocking out fiat. It's a new technology and we all know how hard it is for everyone to update and sync to new technologies. It takes decades... The way I see it, banks may move to blockchain but won't completely disappear.
This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?
Feel free to drop your comments here.thanks
That is not very likely, those behind banks did not achieved that position by being dumb, they are very smart men and I'm sure that they are realizing that bitcoin has a big chance to become a big currency so it's very likely that they are already taking a big position and buying bitcoin in secret just in case bitcoin becomes the dominant currency around the world. Feel free to drop your comments here.thanks
It can not and will never happen for bank to quit or dissapear because of crypto currency. The final exchange to bitcoin and altcoin is fiat. With cashless system introduced by bank, it makes transaction on crypto easier.
If it happens that it will lead banks to the closure, then most likely it will not be very soon, but still it can really happen.
It is not necessary for them to disappear, I think they could find a way to work along cryptocurrency, don't think they would drop everything to the trash after such progress.
In my opinion, I don't think that bank will disappear due to cryptocurrency because every commercial banks play an important role in the financial system and the economy of certain country.
They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.
Cryptocurrency system actually much batter than banking system but most people still clear on this. So people more trust on banking than crypto. Bank may reduce but it may not disappear.
They provide specialized financial services, which reduce the cost of obtaining information about both savings and borrowing opportunities. These financial services help to make the overall economy more efficient.
Cryptocurrency system actually much batter than banking system but most people still clear on this. So people more trust on banking than crypto. Bank may reduce but it may not disappear.
Maybe it will disappear if there will be no one will use the bank already if most of the people will invest in the crypto. This will make the banks to lose and not to earn for them and to forced them to close their bank business. But it will take a long time to happen cause some of the country are not yet legalizing the crypto and not yet accepted.
Banks will surely not disappear, at least not in the foreseeable future, they are supported by governments and represent a strong portfolio of services, there are mortgage loans and many others that I don't see how they can be replaces by blockchain.
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