Can Bitcoin make Banks disappear?

[8Habits]

Maybe bitcoin banks will overtake fiat banks 

First of all, there is bitcoin bank but we call it bitcoin wallets. And I think bitcoins are really not designed to overtake banks as how you are wording it. Banks will be there and be around for long period of time because it is already an established institution - I believe that bitcoin and banks can work out together without necessarily overtaking one over the other.

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[nguyuh]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

for what reason? bitcoin can make instant money, need some month to get from it.
they walk in the best way i think

[Viscore]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

for what reason? bitcoin can make instant money, need some month to get from it.
they walk in the best way i think

If bitcoin would stay and it will make banks disappear, I guess we will be billionaires in the future because the price of bitcoin that time might be
millions and it would give fortune to those who hold longer and believe bitcoin can make it.

[Harley29]

not really because some business really depends on what bank does, i really think banks can't disappear that suddenly due to super seeding of technology it may co exist with another and benefit each other through the need of the public and the demand this industry currently is creating..

Well I think you are right because still people and companies depend on bank and bitcoin has still no bank but in case bitcoin make bank or any headquarter so the way bitcoin is going to expand his trade around the world so there is a possibility that bitcoin can replace or disappear banks I personally fell that bitcoin will be the first choice of new generation.

[cryptorony]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

I will say no for now,but yes for future.
No because the price fluctuation why someone will risk their money in something that have a huge chance to drop by .02% per second ?
This bitcoin price needs to be flat and one day when we will see bitcoin as a day to day used currency like any other fiat and not as a investment.
People will dump the banks.
buts its way more far from reality.

[Glenn10]

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy. It would be better if they will work together to achieve one aim.

[Flame-]

The ideal position is that we can have institutioins like bank so we can save and borrow. That is regulated and safe.

[HalfDeck]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

for what reason? bitcoin can make instant money, need some month to get from it.
they walk in the best way i think

If bitcoin would stay and it will make banks disappear, I guess we will be billionaires in the future because the price of bitcoin that time might be
millions and it would give fortune to those who hold longer and believe bitcoin can make it.

And finally, the government will be the poor, lol ? I do not think it can becomes the truth, because as your said, the government will be loss at here because until today, most of the government still do not accept Bitcoin. Only companies, retailer and Japan are accepting it at the moment.

[Denilatm]

Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behavior of people changes. Some banks will benefit from , some will be pushed to the back end, and some will disappear.

[dzhan]

No, Bitcoin can't making banks disappear, at least in the near future. Nowadays most people around the world use banking services and deal with fiat currencies and cash a lot more than trading or dealing with crypto currencies. So this people can't easily replace their banking accounts by Bitcoin's wallets.

[phuclzu12]

Maybe bitcoin banks will overtake fiat banks 

First of all, there is bitcoin bank but we call it bitcoin wallets. And I think bitcoins are really not designed to overtake banks as how you are wording it. Banks will be there and be around for long period of time because it is already an established institution - I believe that bitcoin and banks can work out together without necessarily overtaking one over the other.

Bitcoin wallets can not call is the bitcoin bank, you are mistaken between the wallet to store our Bitcoin or money with the difinition can make money through savings in the bank. You have to know only PoS wallet can be compare to the bank.

[rube08]

When?  In the near future, I doubt it.  People would have to mass adopt to using bitcoin at merchants and use it for services.  The blockchain would have to generate millions of transactions a second if everyone in the world is going to use it.  I see bitcoin being used in large transactions but not being used by everyone in the world to replace fiat money.

[elizabethfund]

In my opinion, the Blockchain Technology will revolutionize the financial world and also banks (maybe not BTC itself will do it). It is happening now… And those, who will not introduce blockchain to their own banks, will loose the battle in the next 10 years.

[BitcoinIsAlgebraic]

When?  In the near future, I doubt it.  People would have to mass adopt to using bitcoin at merchants and use it for services.  The blockchain would have to generate millions of transactions a second if everyone in the world is going to use it.  I see bitcoin being used in large transactions but not being used by everyone in the world to replace fiat money.

The point being is that with Bitcoin you can become your own bank you are in charge of your coin of course your not earning interest but thats just a pyramid scheme anyway.

[wallstone]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

The banks are difficult to beat off that I am not even sure if bitcoins and other cryptocurrencies can stand a chance. This banks got their politicians in their backs so having a war against financial institutions will be one-sided because they can easily ban bitcoins. I think we should try to compromise and do our roles in the society and not minding the competition. Both must adapt, I guess.

[shacc]

as it start from nothing bitcoin will stop and disapear, to let the road to other new paiement appear, its just names appear to disapear

[yummydex]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

No one knows if bitcoin will affect the banking industry since not many people are in to this kind of business. until many can testify the existence of this industry then many people will be attracted to join and invest in bitcoin 

[redcable1]

in my opinion, banks have different roles with bitcoin, as reliable storage for public money, moneymaking, and borrowing money in the real world and if the bank does not exist, there may be economic damage

[Ardenoss]

If bitcoin has been finished mined. I might estimate many small banks will switch ownership or maybe acquired by large banks, because their customers are reduced so they can't meet operating costs. Due to effects circulating bitcoin in society. Banks remain exist in future, but their numbers are significantly reduced.

[Xtra_Coin]

Banks will disappear only if bitcoin is the only world currency. But we do not know for sure yet whether this will happen or not. Not exactly in the next decade.