What would happen to banks?

[Karmakid]

Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology,  they will come prepare to create a system that will be trusted and to maximize the potential across the platform.

There are also don't agree to crypto and must prepare to use bank by it's reliable and safe money than the information of bitcoin that there has a number of news from hacking.

Bitcoin can't defeat Bank from eliminating but from reducing on it's performing the use of some information, the bitcoin does.

so far, yes, there are no banks that agree with crypto, but they only agree and adopt the technology, such as blockchain. sometimes the bank also has a bug with some lost customer funds.
yes bitcoin will never beat the bank, because the equality of the bank is quite extensive, while bitcoin is still limited.

Satoshi Nakamoto created bitcoin not to beat the bank but to give an option to the people to choose if they will still get themselves tied up with the centralized system or if they are going to seek for freedom and stick to decentralized cryptocurrencies. Banks will continue to exist even after hundred years because it already established a reputation and it is a must have in a country.

[Amel]

I think they (banks) will survive in the future when cryptocurrency is used in people's daily lives.  Why? because no company wants to lose their assets and customers.  So I think they will innovate and start implementing cryptocurrency and blockchain in their services..  For example, in my country some traditional banks have started to develop their own blockchain and cryptocurrency technology.

If the bank implements blockchain technology in the future in my opinion it might be possible, but if the bank implements cryptocurrency in the future, I think I still have not found many strong reasons about it. As we know blockhchain technology is not only about cryptocurrency, but blockchain is able to develop in various aspects and fields in a system.

[xen1oph]

I think that people in the future will realize that this is all nonsense.
And they will begin to live so that money works for people, and not vice versa. Because money is just a temporary measure of the value of some deals, things, products etc.

[kro55]

Like it or not, Banks are going no where. They have served mankind for centuries. I don't think we are in a position to say that they will be replaced by CC. CC is still very new and is facing criticism from central governments. Crypto fate as legitimate payment system in a country is still doubtful.

[Kevondo]

Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology,  they will come prepare to create a system that will be trusted and to maximize the potential across the platform.

There are also don't agree to crypto and must prepare to use bank by it's reliable and safe money than the information of bitcoin that there has a number of news from hacking.

Bitcoin can't defeat Bank from eliminating but from reducing on it's performing the use of some information, the bitcoin does.

so far, yes, there are no banks that agree with crypto, but they only agree and adopt the technology, such as blockchain. sometimes the bank also has a bug with some lost customer funds.
yes bitcoin will never beat the bank, because the equality of the bank is quite extensive, while bitcoin is still limited.

Banks have been there for centuries and bitcoin is hardly a score old. Even in that short time it has managed to grasp the attention of masses and people have in real shifted their maximum funds into bitcoin in order to have high profits. Bitcoin also performs functions of banks, it keeps your money and give you profits but more than that of banks. Banks are more common because people don’t need internet or advanced technologies to use them not because they are better than bitcoin.

[BartS]

Like it or not, Banks are going no where. They have served mankind for centuries. I don't think we are in a position to say that they will be replaced by CC. CC is still very new and is facing criticism from central governments. Crypto fate as legitimate payment system in a country is still doubtful.

I think so as well, many are predicting that cryptocurrencies are going to destroy banks and their monopoly but bankers have not reached that position by being unable to adapt to the world, what most likely it is going to happen is that cryptocurrencies are going to be slowly adopted by the population then we are going to see the banks attacking cryptocurrencies.

And finally we are going to see cryptocurrencies overcoming that attack but being unable to destroy banks and we will use both of those systems for a very long time.

[Ozero]

Nothing will happen to banks primarily because they are under the reliable protection of their states. In addition, banks are now adapting well to new market conditions and the emergence of cryptocurrencies. Some banks have already switched to using the ripple network with blockchain technology. In the future, banks will have to work together with cryptocurrency, I do not see another scenario for either banks or cryptocurrencies.

[keeee]

Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology,  they will come prepare to create a system that will be trusted and to maximize the potential across the platform.

There are also don't agree to crypto and must prepare to use bank by it's reliable and safe money than the information of bitcoin that there has a number of news from hacking.

Bitcoin can't defeat Bank from eliminating but from reducing on it's performing the use of some information, the bitcoin does.

so far, yes, there are no banks that agree with crypto, but they only agree and adopt the technology, such as blockchain. sometimes the bank also has a bug with some lost customer funds.
yes bitcoin will never beat the bank, because the equality of the bank is quite extensive, while bitcoin is still limited.

banks will not adopt crypto currency because it was volatile which means once its value change it will have a big effect on them. Crypto currency and banks have their own role in the economic world and I dont see them together because of what characteristic they have. Government will surely secure the currency that cannot affect the economy of their country.

[kotik085]

Banks can accept bitcoin, but this takes time and I think that bitcoin will be on a par with fiat. What will give privileges.

[BartS]

Nothing will happen to banks primarily because they are under the reliable protection of their states. In addition, banks are now adapting well to new market conditions and the emergence of cryptocurrencies. Some banks have already switched to using the ripple network with blockchain technology. In the future, banks will have to work together with cryptocurrency, I do not see another scenario for either banks or cryptocurrencies.

The greatest support of banks comes not from the governments but from the ignorance of the people, they have reached that position of power because people have slowly gave away their freedoms and they have capitalize on that.

But once people wake up to the fact the banks have been stealing from them for centuries they are not going to be too happy about it and banks will lose an important part of their power and that power will be transferred to bitcoin.