Can Bitcoin make Banks disappear?

[xiguadady]

if bitcoin have no function of bank .for example, loanong.bitcoin dont have this function . on the other hand,at least half countries of the world dont admin bitcoin

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[aoebtc01]

Money transfer through Bank to buy Bitcoin. How can Bitcoin make Banks disappear?

[vinz7229]

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.

That's true, bank is regulated by the government and other richest people so there is no way to make bank disappear. As a matter of fact all people who are earning Bitcoin usually prefer to save their money in the bank cause they no it is secured what ever happen, unlike Bitcoin it could change it price right away without your knowledge. So I guess people would continue patronized bank as a safe place to put all their wealth.

[jazpreti]

That is far too impossible. Bank will exist forever and bitcoin too but bitcoin can never close the banks. How can we withdraw a money if there is no banks. But still bitcoin is the best to invest.

[Vermilion-]

it can't we are now in the age where technology can now be copied...Bank owners are clever enough to see why bitcoin is going strong as it matures, and most probably one day, they will do their best  to cope up with it and survive

[staywoke081]

As of right now given everything we know I think it won't happen for the foreseeable future but after 10 maybe even 25 years this type of thing could happen. The reason I don't think it will happen yet is because the currencies we have are huge and the banks aren't going to let this happen overnight if at all. There will be massive resistance and that will be ongoing for a long time before status quo changes.

[skillzdunk2]

I do not think it can honestly because the bitcoin itself has a good future, but not so good at all, the banks are still too big these days and I think its also not gonna change in the future.
The banks are one of the most powerful things on the global globe in my eyes, it has such a lot power, it can really control all the people in the whole globe.

[thescimitarr]

Maybe if the problems faced by bitcoin currently are solved and trading bitcoin becomes easy. Maybe one day all banks will have their own cryptos. Who knows?

[Kim Domingo]

Money transfer through Bank to buy Bitcoin. How can Bitcoin make Banks disappear?

Indeed. That was the funny thing and the real scenario nowadays. How can we think that Banks will be gone because of Bitcoin if people still rely and being dependent to the existence of banks to make their virtual money in terms of cryptocurrency into real money in terms of paper money or cash? It is really far to reality that because of the existence of Bitcoin, Banks will be closed because admit or not, Banks have already been part of our lives and we are still relying on it.

[Adeyemi]

I don't think so. I still use the bank regularly for my crypto transactions and I don't see this changing anytime soon. I deposit fiat to my trading account through banks. I also withdraw cryptos from my trading account to fiat through banks. Banks are still playing a major role in the daily activities of traders and I don't see this changing any time soon.

[jops]

I dont think so it will not happen. It is impossible that bank maybe disappear. Lots off people use's banks for there money. And generaly banks is a part off every country or society. And bank is playing a major role in every country or society. How can we withdraw without bank if that will happen?. Who knows, maybe someday in a further future bank will adopt bitcoin.

[salayog01999]

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 think it will not disappear because many people are using banks for many years and they know that it is trusted. They will refer it to their children and it will pass down to their race that's why it is difficult to bring down banks.

[Lovykitty]

I think it will not happen, because the bank is also under the auspices of the government of a country that has a strong oversight system

[Bitcoinismylife12345]

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?

That's exactly will happen if bitcoin will continues to over power other currency and that's also the reason why bank owners fear this thing. They have start studying how bitcoin's blockchain system works so they could merge with thier own banking system and make them more powerful.

[VeganNation]

No, because bitcoin can't create loans, but crypto finance has the possibility to make banks disappear.

[kevinfox18]

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?

Probably banks might disappear (no longer function as they do now). But this can only happen if bitcoin becomes a widely accepted currency, then we will see worldwide adoption of bitcoin. If a country still keeps fiat/real money as it's main currency, then that country would need banks.

[HinfinityQ]

Could be but who knows,, I'm sure banks and central bank will do all possible solution to make sure their service is still relevant

[conceivedspoon2]

Fears of the unknown is the reason why most nations of the world kick against this emerging digital currencies. Its creating solutions around the world. Bitcoin won't make banks disappear, it will only make like better. If ATM wont make banks pack up, then BTC won't pack up. Its just for banks to position themselves for the blockchain industry and make it work. Its revolution to the world is massive, it can only get better not worse with the blockchain technology.

[belalangsembah]

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 of course the banks in each country I think will not disappear, they will definitely add a service that is also still associated with banking, and may be the payment system may use the currency bitcoin not with the currency that exist in each country

[megi440c]

Depending on how the person thinks like what? .. if our thinking forward could have happened, but now does not know how to what, what else in this super technology era Cangih this. With the passage of time what can not we make the bank disappear. In a remarkable way.