Can Bitcoin make Banks disappear?

[Usafstar]

it is  not simple that we will say that the digital currency like bitcoin will disappear the banks from the earth. banks is doing well and it is also very successful industry in the modern times. bitcoin is important and banks is also playing very important role for now the big companies are now taking loan from these banks and it is the modern time financial institution.

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[morrisby25]

I don't think banks will dispear, by the fact that not every body who banks knows about bitcoins

I think banks will be highly impacted by bitcoin in future. Even it is possible to disappear some of them. Because bitcoin is providing such facilities to the people that a bank can’t give to is account holder. As 24/7 access to their account from any corner of the world while bitcoin give this right. High security system even government does not know about your account of bitcoin. But some banks will remain because they are important for the state because they help the government in crises.

[Bellring]

I think the bank will not disappear because not everyone knows or uses bitcoin.There are still many people who use Bank from Bitcoin so I do think Bitcoin Could Make the Bank disappear.

[Marry Finch]

Bitcoin can not make the banks disappear. Crypto currency in general will significantly squeeze the usual money out of the turnover, both cash and non-cash. Therefore, banks because of the introduction of digital currency will lose in their profits. However, banks are actively adapting to changing conditions. Now a union of international banks in the amount of 61 banks are going to use a ripple coin to speed up their bank transfers around the world.

[Sanitough]

I think the bank will not disappear because not everyone knows or uses bitcoin.There are still many people who use Bank from Bitcoin so I do think Bitcoin Could Make the Bank disappear.

That's for sure, even how popular bitcoin is, Bank will always stay as majority of the people don't want to take risk on bitcoin.
People are satisfied with paper money or fiat therefore they do not need to use bitcoin, I think people who are using bitcoin are risk takers
and most of us does not want to take risk because we cannot afford if we lose.

[mintomia199]

i don't think so that bank will disappear.bank is very clever.they know how to handle .when they accept bitcoin,they are make a policy that will give them benefit and they will provide services to the people with the help of bitcoin.

[WishMeBad]

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?

As banks adapts to the blockchain technology they won't dissapear from the map, altought there ain't many banks addapting to the new  tech it will happen soon.

[Risktaker31]

I think the bank will not disappear because not everyone knows or uses bitcoin.There are still many people who use Bank from Bitcoin so I do think Bitcoin Could Make the Bank disappear.

I agree on you dude not all of the people can use bitcoin and even some illiterate can still use it, Its just a matter of cooping up with the new innovative currency if the people adapt bitcoin as a alternate type of currency the bank will still there cause there's still people who are sticking on a traditional banking system.

[Tracey130]

I don't think bitcoin will make banks disappear simply because banks will always have a service that bitcoin can not offer. For instance if you need a loan or mortgage how would bitcoin facilitate that service? My opinion is : Banks will simply upgrade to accommodate bitcoin but will not be eliminated completely.

[nathanielpogi]

Nope not really, Bitcoin can be an alternate currency but it can never be replace the traditional banking system where almost all people trust on it.

[arteeezy]

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?

bank will not dissapear. we still need need banks because not all of people will not use Bitcoin. because banks always have a service that bitcoin cannot do like loan and some stuffs.

[Superpacman]

I think not may be the bank will accept bitcoin.

[Joylee]

Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.

[Bianca Azure]

Hi, I think bitcoin won't change banks.But, it can be new  type of transaction on bank.
Cause,i've been read in Cryotocurrency newa. There was many governor of banks agree with cryptocurrency. Especially,bitcoin.
Keep playin hard on your bitcoin. 😊☺

[Hatuferu]

Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.

That's the problem, it cannot make all people adopt with bitcoin as not all of them needed to do online transaction.
In the investment side also, there are only few who are willing to take the risk in investing.

[xenomorphe1]

I think some banks may disappear but not all of them. They may become small if people invest in cryptocurrencies as their funds is going to be diminished. Banks are afraid of the popularity of cryptocurrencies.

[parassinghal]

Till now the bank is not be able to control the bitcoin, as bitcoin works on decentralized network. But if cryptocurrency will continue and if no such platform will created from where someone can control the transactions then it may possible that banks can disappear in future.

[Boov]

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, Bitcoin will not able to defeat Banks and result to disappear. Bitcoin is not very popular in many countries and 5% of the whole population of the world are having quite knowledge about Bitcoin. I'm predicting that Bitcoin will make banks better. Banks will accept bitcoin and they this currency will be spread in countries. If this happens, Bitcoin will be popular. Bitcoin have no power to destroy banks. It will help the banks to be upgraded.

[Lhaine]

Bank is part of those people who has a regular jobs, they save their money in bank so it's impossible that the bank disappear because of bitcoin, maybe the users of bitcoin will increase but the bank will always stay.

[Ponzi Shame]

Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.