Can Bitcoin make Banks disappear?

[bellamente]

Banks will never disappear. Who wants to lose billions?

[ejhayehm]

I personally think that banks will stay for good. Banks have services that bitcoin cannot offer and vice versa. And in my opinion, banks will offer bitcoins in the future.

[binhvo1505]

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

I don't think bitcoin can make the bank disappear. The reason is very simple that in the world there are many countries and not in any country where the technology flourishes as in the US and Japan ... so the bank is still the first choice of all. for their convenience. we can withdraw money on ATM stations are placed a lot of places. But if you move from the coin altcoins cashier then you take a lot of time. This is the reason why the bank is always strong.

[Jigsawman082076]

I certainly don't agree that banks will disappear because of bitcoin... I think bank will never disappear because of bitcoin but it may simply incorporate bitcoin to its current banking system, refining its banking processes while incorporating bitcoin and improving more the security in using bitcoin. Banks had already existed since the ancient times and it will remain in the future filling out the gap in which bitcoin could never support.

[Wolf of Btrex]

In future, when bitcoin will dominate in sending - receiving - depositing funds kind of bank works, I believe banks will start different type of banking like providing safe vault or mortgage kind of services alone. Banks will fall.

[monika27]

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.

[xheon]

well, in my opinion, bank will not disappear, but surely they will change. With bitcoin now become questionable whether it be accepted or not in world's economic as a daily transaction tool, I think bitcoin will change how the bank would works with currency, but not eliminate them.

[shanksluffy]

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, Because investor or the other people that involves in bitcoin would not cash out because other people withdraw their salary or profit by banks and the I think all banks can manage or put a bitcoin in their system. Many banks approve bitcoin because many people get their money or make their money using bitcoin.

[bonfi]

Personally and my views are that, I don't think banks will disappear at all, but surely they will work in tandem with Crypto Currencies, accepting FIAT and Cryptos at the same time, and offer currency exchanges between them with respective rates. Crypto Currencies have a long way to go and many obstacles to overcome but in the end they will surely take the market by storm.

[Ponzi Shame]

As all here know banks making an attempt to make their personal blockchain,to conserve the substantial fees they spend,soo probably be a issue of time until they commence to accepts payments of bitcoins ,as purposes with bitcoins ,converted to fiat benefit on the working day ,and increasing as btc and not fiat.

[SW33T]

Uh, no. I don't think so. There are only a handful of Banks that disappeared. And none of that is caused by Bitcoin, and I don't think that it will ever make Banks disappear, ever.  A bank is generally understood as an institution which provides fundamental banking services such as accepting deposits and providing loans. A banking system also referred as a system which offers cash management services for customers, reporting the transactions of their accounts and portfolios throughout the day, trade with financial and bank's financial instruments, offer an exchange of currency and disburse different type of fund.
Now, I'm giving you back your question, do you still think Bitcoin can make banks disappear?

[lamjed]

This a very serious issue. Countries all around the world are thinking about this topic and some government are looking for plans and rules to prohibit this from happening. But these days, the bitcoin is passing through a bad periode so i think that the possibility of the idea of banks' disappearance is not si easy and needs a lot of time to be possible.

[aintnopassincraze]

Really hard to conceive that banks will disappear because they have been around since we were born and thus it hard to imagine society without the status quo. I won't go as far as saying it won't ever happen but I don't think they will stop existing any time soon, but their capacity could definitely be reduced.

[DanWagner]

Probably not in the foreseeable future , lots of older people won't trust bitcoin and would rather trust banks who have screwed everyone over before.

[8Habits]

Really hard to conceive that banks will disappear because they have been around since we were born and thus it hard to imagine society without the status quo. I won't go as far as saying it won't ever happen but I don't think they will stop existing any time soon, but their capacity could definitely be reduced.

Bank will still stay here for awhile and even in the future. It will always finds its way even in the event that cryptocurrency will be adopted by most of us. Although there is really no certainty of the future but banks are already an institution and it will stay and may even just adopt blockchains and not necessarily bitcoins.

But bitcoins will be here and it may be the future.

[newgeneration16]

I think no. BTC is new technology assets and people are more and more interesting in it day by day. However, banks are part of the countries and they have role to not only store money, transfer money, but also control country's finance.

[sadacoin]

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.

Yes, Bitcoin has the ability to pay, but it is difficult to completely replace the work of the bank, because each country is an independent entity, the payment of bitcoin requires state permission, that is, banks to some extent limit the entry of bitcoin

[sadacoin]

Bitcoin will disapear, i think 

I think this is impossible, because Bitcoin has a strong user base, and bitcoin has been running for many years, more and more stable

[soname12]

I personally think that banks will stay for good. Banks have services that bitcoin cannot offer and vice versa. And in my opinion, banks will offer bitcoins in the future.

Bitcoin has a lot of risk from its price which makes banks fear so it will not be acceptable for banks in the future. But many countries have banned Bitcoin to help banks survive and develop.

[GalahadSeika]

If experts say that bitcoin will stay then it will stay but as far as I can comprehend banks will not literally disappear it is just that if bitcoin will stay it will create a cashless society thus putting fiat money down that affects business but that is not applicable right now because we still need fiat but I doubt that banks will not do anything to prevail.