Topic: Will banks disappear because of cryptocurrency? - page 35. (Read 64424 times)
This option is silly to consider for several reasons. Some people do not even understand what a crypto currency is. In the store for the products you also do not pay the crypto currency. The entire money supply is tied to the national financial system. Therefore, the banks in the next 20 years will not disappear anywhere.
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
I don't think that will happen. Financial stability must be regulated by the government, and the Bank is a form of authority. I think the financial sector is not just a transaction between individuals, because in everyday life, we need the Bank for many reasons that the crypto industry might never be able to replace.
Everyone get his own choice, crypto investor and engaged will continue with theirs, while bank engager will also continue, bank will never disappear because of cryptocurrency
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.
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
maybe for now the bank feels threatened with the existence of cryptocurrency, because the bank could be replaced by crypto, because crypto can work without a bank. but in my opinion crypto isn't that bad.
the collapse of the bank would never have happened. Banka is the economic center for the country and if it collapses then it will happen surely a big mess. Indeed crypto will come and so will be able to dominate. It is inevitable to mention along with the development of technology. yet crypto comes will certainly give good for the economy and the impact this is going to be biting well with banks and currencies in each country.
No, I believe that banks still have their value. The cryptocurrency is only the current new trend, but the bank is such an industry with a history of 500 years. I don't think it will be easily replaced.
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
now I ask you back, can crypto currencies guarantee the security of our money? it makes no sense to compare crypto currencies with banks. Feel free to drop your comments here.thanks
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
I think it is hard to happen when there are still goverment in the world. They need some way to control the world. The banks will be a good way for them to do that so the banks will be here for a quite long time. Feel free to drop your comments here.thanks
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
Cryptocurrency will not abolish Banks, just instead of fiat Banks there will be crypto Banks. Cryptocurrency is just a way to store and transfer material assets (money), and Banks are regulators movement of these funds. Therefore, it does not matter what of forms will have money (electronic or physical) will always financial institutions regulating their turnover in economy.
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 is a Bank, the purpose of which is to facilitate and provide smoothness in the economic round of a country, which includes providing loans to the community to strengthen the economy. And I think crypto is very possible as a payment tool, but it can never replace the system, because after all a financial system must be regulated.
They may disappear however I think it's more likely they will morph into something else. The bankers are in control. They are not going to just give up and walk away. They will tangle their web around crypto one way or another.
the banks are already making enough money. they should keep away from crypto and let themselves develop. hopefully, banks will be limited by crypto in the future.
It depends if cryptocurrency becomes so popular and widely accepted. But despite that I think banks will not disappear at all. A lot of banks here in my country have started to accept cryptocurrency as well. If cryptocurrency becomes more popular banks will eventually have to adjust to these changes to stay relevant.
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
I don't see any reasons for the banks to disappear because they are still very useful in our society. More people have trust and make bank accounts and invest good amounts of savings because it is more safe and secured compared here. Perhaps, if the system of bitcoin and all other altcoins will be improved and cannot be compromised by the hackers, maybe it can dominate and left banks behind.
I don't know if bank will disapper cause the cryptocurrencies, if the crypto will really be the money of the future we still need a centralization where "old people" and new people need helps to enter on market and to make operations.
Bank will can evolve on this new opportunity or disappear.
A very important thing to say is that if it will ever happen it will be in a long term future, my guess is IF the crypto will be the main market next week than the FIAT will disapper not before that 20 years.
Bank will can evolve on this new opportunity or disappear.
A very important thing to say is that if it will ever happen it will be in a long term future, my guess is IF the crypto will be the main market next week than the FIAT will disapper not before that 20 years.
i would approve if banks would disappear because of crypto, but i can not imagine how that would work. that is why i believe that banks will not disappear.
The main idea of crypto currencies is a decentralization of money and payments. Thus in my personal oppinion, the best way to store you money/ crypto are wallets. Exchanges is only a medium of conversion. My oppinion in the future, that we are able to change between crypto currencies without the usage of exchanges, thus making the crypto fully decentralized. its just my 2 cents.
I don't think so. Real money have their functions. Cryptocurrency can not change real money's position. In normal life, real money is easy to trade. You can not hack if people save their money in their house.
I think cryptocurrency and banks will exist for many years to come because fiat money is still the bench mark to buy any basic or luxury needs.
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