Can Bitcoin make Banks disappear?

[tbterryboy]

They will not disappear but surely the banks will no longer be as we know them.

This is just a misunderstanding and misconception of the people about bitcoins that like bitcoins are going amazing right now so what they will be doing to banks when they will be legalized in all countries around the globe. So I think they need to understand the fact that there is no such thing going to happen. Yes things are scary for the banks as per the situation but banks will be there too.

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[ms.moon]

As long as people uses fiat money, and not all people know and have knowledge about bitcoin, banks will never disappear.

Do you think Bank will accept Bitcoin as a currency to exchange?
Bitcoin can't make Banks disappear, but it will be a part of economy and is used through Banks.

[adriaymati58]

It is possible. I know banks are not keen on Bitcoin because it represents a threat for them. But I think those banks who find solutions to implement their business on the blockchain will survive

[kriptotr]

They will not disappear but surely the banks will no longer be as we know them.

This is just a misunderstanding and misconception of the people about bitcoins that like bitcoins are going amazing right now so what they will be doing to banks when they will be legalized in all countries around the globe. So I think they need to understand the fact that there is no such thing going to happen. Yes things are scary for the banks as per the situation but banks will be there too.

Banks are permanent structures, it's not possible to destroy them or disappear them. Disruption of the current banking system is still possible by the way. Bitcoin and blockchain will try this disruption.

[ilyadivaice]

Always in any phenomenon or process there are people who in favor of, and people who against. Only bitcoin will not replace the banks. That's for sure. There will always be adherents of the fiat currency who do not believe in crypto currency, in its right to exist, and consider bitcoin a soap bubble that is about to burst. Those banking institutions that will be able to introduce blocking technology into their systems will definitely be able to get ahead of their competitors.

[Boybugwal760820]

I am really certain that bitcoin cannot make the banks disappear because there are countries who banned the use of bitcoin and also there are parts in the world who has no mobile and internet connection yet so therefore bitcoin will never exist on those areas which don't have any mobile or internet connection at all so that will be the main factors why bitcoin could never make the all banks go extinct in the near future.

[2Godbdglory]

Can Bitcoin make banks disappear? This is not possible because bitcoin cannot do without bank because the coin will b change to cash.moreso some country re not internet compliance, their banking system is still manually done

[MediChain]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Or they may just mint their own cryptocurrencies

[cryptocortex]

No, because regardless of how fiat will perform in the future, the lending business will always exist.

[djlasdlsk]

Bitcoin can makes banks disappear,it is better than bank.we can send and receive the money anytime.bitcoin transaction charges are better than bank.

[toaster2013]

I believe banks will always be around and that at least the US will always be on a fiat system. I'll be interested to see in the future if any banks will allow the storage of both fiat and cryptocurrencies with the ability to easily exchange fiat to BTC or BTC to fiat without leaving your bank account. That certainly won't happen anytime in the near future. But I'd be interested to see what changes are made to banking in the next 20 years.

[Sieghartwarlord]

it is impossible, for many years the bank has become one of the assets that contribute greatly in the world currency exchange rates. bitcoin is just a beginner who has just as a digital currency while the bank has raised the atm as one of the digital currency. bitcoin is just as an asset not as a world money bank

[Danglen1010]

Actually this is what the bank fear from bitcoins existence. From their passion and excellence they become number one so sooner or later they can replace banks all over the world

[accm092]

It's too early to think that bitcoin could disappear the Bank.
 I think it's possible in some ways but it is hard think bank could disappear ? i know bank owner or association that regulate will think many ways to think such service that can be purchase by the customer to survive in the industry.

[mycoinlife]

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.

yup you are right

[OG Magnum]

I think bitcoin will be the leader in the crypto space for hire some time. It will be used as a digital store of wealth and you will fund your cards from your balance.

[Flor1982]

It is possible. I know banks are not keen on Bitcoin because it represents a threat for them. But I think those banks who find solutions to implement their business on the blockchain will survive

For me it will not dissapear. If it happen that Bitcoin will totally replace the paper money, the banks can easily shift their banking business too that from fiat currency to digital currencies because they are already used to digital transactions in which to think that fiat and bitcoin are the same currencies with just different platform.

[RakerAj]

There's a high probability that banks will perish in the industry, that's why bank owners study bitcoin and look for an opening that will help them eliminate bitcoin in the industry because they see's bitcoin as there number competitor.

[Blocklock]

in the short term, bitcoin will not replace banks, but the technology of the blockchain essentially makes the banking system is not needed. So that in the future, it is likely the banking system will be replaced with the integrated blockchain space for financial transactions.

[kagefas]

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