Topic: Will blockchain kill traditional banking? - page 5. (Read 805 times)
Impossible as of now. "We don't need banks, we need banks' services". This won't change in a glimpse of the eye, nor in 5 years in my opinion. Just think about mortgages? Crypto lending system have many downsides as of now. I wouldn't trust sending money to anyone. Salt, Ethlend... they have still many flaws.
maybe,when blocchain develops and become popular,with clear and nobody can control blockchain,nobody can hacked,i hope one day blockchain can replace bank,everyone can use one common currency
Blockchain and traditional banking systems might just be combined to work together, Blockchain technology will increase the efficiency of the banking system, but not totally face out the traditional banking system
I think traditional banking will not get killed by the presence of blockchain, some of them still need traditional banking and the state also needs it to reach the whole
Blockchain and banks need to support each other.
Combination between those two will be good one.
Bank cab adopt blockchain as its system which is fully more fair.
Traditional banking will never get killed. But Blockchain will grow and develop even more than these days. Some banking companies might join or create their own block chain technology for the benefit of the investors and at their company also.
blockchain, bitcoin or another crypto curency never kill traditional banking
i think use blockchain technology tradional banking can improve performance about fast transaction
i think use blockchain technology tradional banking can improve performance about fast transaction
There are a bunch of possibilities in this technology era. But, I also personally agree that the blockchain technology will not kill the traditional bank system. It may be possible to use the technology of blockchain to support the performance of the traditional bank. But it does not mean to kill the system. Each country must have their policy in this term.
Future block chain technology development may be better for banking services!
The block chain with technical application can get people's recognition!
As a part of the financial system, Banks can not be eliminated by the new technology.
The block chain with technical application can get people's recognition!
As a part of the financial system, Banks can not be eliminated by the new technology.
I think traditional banking will not get killed by the presence of blockchain, some of them still need traditional banking and the state also needs it to reach the whole
I also think so, every country in this world has differences in facing the global development especially in the financial system or banking. Many countries still centralize their banking system in the traditional system. However, it doesn't rule out the possibility in some certain countries to use the blockchain technology instead of the traditional banking. However, to kill the traditional banking system, it is quite difficult for now.
The cost of traditional Bank transfers is much cheaper than transfers in blockchain. The transaction price in Fiat is limited only by the degree of greed of bankers. I do not believe that banks will use the blockchain for transactions. Banks can use the blockchain only for the exchange of documents. We will not see these changes.
I agree with this so i would not be sure if the blockchain can kill traditional bank.
They are both can walk together and support each other since it will be good combination.
Of course not. Traditional banks continue to operate with
fanatical customers respectively.
They keep their assets in the bank for security.
While in vip bitcoin only for tradeng to increase the assets they have. So between traditional banks and trading vip bitcoin fixed the way.
fanatical customers respectively.
They keep their assets in the bank for security.
While in vip bitcoin only for tradeng to increase the assets they have. So between traditional banks and trading vip bitcoin fixed the way.
I think that blockchain startups are a serious threat to the entire financial services industry. At the moment, they are comfortable and earning way too much money with doing things as they have always done. They could afford to do that because innovative startups always had a huge disadvantage: lack of capital. Well, that problem is solved now.
Banks are getting outdated with the use of cryptocurrencies and blockchain technology. They must evolve soon and adopt blockchain so they can catch up with rapid changing technologies of the future. Presently, some banks started to develop their own kind of cryptocurrency and other supported ripple, a kind of coin that is said to bethe fastest and most scalable asset that enables real time global payment anywhere in the world. Ripple is best suited for bank purposes as it offers banks and payment providers a reliable, on-demand option to source liquidity for cross border payments. So blockchain will not kill traditional banking but it will modernize it instead if the bank will adopt the technology of the future.
blockchain technology has indeed very rapidly and safely. even blockchain was covered so perfect compared to the others. traditional banks going forward if you want to apply the concept of a system of this kind but if you do not want to then it can just be left out.
Block chain technology will be applied to the bank's business, and cooperate with the bank!
That's what XRP does. Banks and XRP, win-win!
I think this is also a new direction of block chain technology development!
That's what XRP does. Banks and XRP, win-win!
I think this is also a new direction of block chain technology development!
A bunch of blockchain tech founders debate the question here: https://bitnewstoday.com/opinion/will-blockchain-kill-banks-or-financial-sector-can-use-this-technology-to-improve-its-efficiency/
James Song, founder of exsulcoin , is featured too. He's showing up everywhere these days.
I think it is impossible (in the near future)James Song, founder of exsulcoin , is featured too. He's showing up everywhere these days.
Blockchain is very good but Internet is not 100% of population.
Technical infrastructure is also a factor.
I think startup blockchain is a serious warning to the whole financial services industry. now they feel comfortable and make a lot of money by doing things as usual. They are able to do that because innovative startups always have huge losses:
A bunch of blockchain tech founders debate the question here: https://bitnewstoday.com/opinion/will-blockchain-kill-banks-or-financial-sector-can-use-this-technology-to-improve-its-efficiency/
James Song, founder of exsulcoin , is featured too. He's showing up everywhere these days.
James Song, founder of exsulcoin , is featured too. He's showing up everywhere these days.
that questions answer is: never blockchain will not kill traditional banking, because prople need stability and they want trade with calm, there are so many frequent in crypto market. but it can used only for pay and forgot system, that people can pay and their clients receive and change into fiat in less than 1 hour.
A bunch of blockchain tech founders debate the question here: https://bitnewstoday.com/opinion/will-blockchain-kill-banks-or-financial-sector-can-use-this-technology-to-improve-its-efficiency/
James Song, founder of exsulcoin , is featured too. He's showing up everywhere these days.
James Song, founder of exsulcoin , is featured too. He's showing up everywhere these days.
No it's not because it will be needed for our economy to grow like our government they need those money to do what ever they need to do on our different countries. Unless our government really support blockchain technology and that what's happening in the future and they will use cryptocurrency as their money, we will see those traditional banking will be erased.
I do not think so, I think a lot of news says the blockchain system will be adopted by banks in some countries.
the possibility is very small to kill traditional banking. and that too will be much debated many circles.
Yes, i agree traditional banking system could not be taken away because it has proven its value over the years and many medium to large scale businesses rely on banks. Maybe the blockchain will grow more and made its own legend but it doesnt mean traditional banking will evaporate anytime soon.
It seems to me that this is just a matter of time. Over time, a blockchain can replace everything. He has already penetrated almost every sphere.
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