Can Bitcoin make Banks disappear?

[praprata]

I don't think so. Everyone need a bank. Because they have money in cash.
If there are no bank people has no storage for there money. So its really important.

[Dr.Osh]

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

[knowhow]

We cant think about it todays,we must think about the future of bitcoin and well there is a huge road to bitcoin and huge plans to be used and become the first crypto coin to being mass adopted over the world,dont we dream with cars flying.. the future has bitcoin connected .

[commandrix]

The best case scenario that I see is Bitcoin carving out a niche and competing on an equal footing with banks. Maybe include a few other cryptocurrencies that can handle a lot of microtransactions fast (I think somebody mentioned vending machines in another thread).

[akosimakulit]

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.

Yes. I agree.

[adam48]

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.

Yes. I agree.

several cities in my country there has atm machines bitcoin. I agree with you Bitcoin can make new banks.

[Imoote]

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.

Yes. I agree.

several cities in my country there has atm machines bitcoin. I agree with you Bitcoin can make new banks.

I want to know whether atm bitcoin has a system similar to a regular bank atm? In my area there is no such thing atm bitcoin.
Yes I suppose it could change some system

[joinal]

I don't think so. Everyone need a bank. Because they have money in cash.
If there are no bank people has no storage for there money. So its really important.

bitcoin now could be your bank. many countries, which already provides atm bitcoin
now you don't need a bank to withdraw your money, you just need bitcoin wallet, and you can take cash in Atm bitcoin, very easy

[Supercrypt]

I don't think so. Everyone need a bank. Because they have money in cash.
If there are no bank people has no storage for there money. So its really important.

bitcoin now could be your bank. many countries, which already provides atm bitcoin
now you don't need a bank to withdraw your money, you just need bitcoin wallet, and you can take cash in Atm bitcoin, very easy

Yes, but without using bitcoin an ATM also, I find all the features of banking system with the bitcoin wallet itself. Yes, my bitcoin wallet is more equivalent ot my internet banking facility.
Many people are predicting banks will adopt bitcoin ecosystem. But I predict banks will convert into a system similar to Bitcoin. Like there will be no physical banks.

[Bitcoinbro]

I don't think so. Everyone need a bank for their cash money.
Some people doesn't even know what Bitcoin is.
So my conclusion is that Bitcoin cant make banks disapear.

[knowhow]

Banks has they monopolio and people are connected to them as anything else you need money where do you go?Now you can try to fund your loan online for a lower ammount but the risks involved into bitcoin lending are huge as hell soo this isnt ready for it yet but in the future it may be the option and banks will loose their main source of income the loans.

[smodern]

No, I don't think Bitcoin will make Banks disappear but it will create a separate space for itself

[Pab]

Banks will not disappear,but thay need to transform otherwise people will not use them.Now banking industry  is still supported by govs but how long.Finally everything  is coming to his  end,change or die

[equator]

I dont think that Banks will disappear, Bank and Bitcoins are two separate things for daily routine life you need bank and for online transactions you can go with bitcoins, Bitcoins is just like gold at some point you have to go for fiat currency, untill Bitcoin is not accepted globally Banks will be their , even after that also it will be their but the functions and work will change.

[jerowacik]

No, I don't think Bitcoin will make Banks disappear but it will create a separate space for itself

yes real bank would never disappear. the bank has its own market share. bank finance is fundamental in today's world.

[ajun96]

I don't think so. Everyone need a bank for their cash money.
Some people doesn't even know what Bitcoin is.
So my conclusion is that Bitcoin cant make banks disapear.

true.
except bitcoin has been spread over the world and everyone knows and use bitcoin
many atm bitcoin available, so everyone can withdraw money anytime
I think it could make the bank unused

[nydiacaskey01]

Bitcoin will not and cannot replace Bank's. Bank's have different purposes and functions (loans, investments, payroll functions on big companies and more) not only for depository purposes. Unlike Bitcoin, Bitcoin is just to purchase and Bitcoin wallets just to store Bitcoins.

[adam48]

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.

Yes. I agree.

several cities in my country there has atm machines bitcoin. I agree with you Bitcoin can make new banks.

I want to know whether atm bitcoin has a system similar to a regular bank atm? In my area there is no such thing atm bitcoin.
Yes I suppose it could change some system

nearly as may be easier, but you should always be ready to take your phone to scan barcodes, since every transaction requires it.
or you can see here, but not in English https://www.youtube.com/watch?time_continue=60&v=QFD9DQtiivs

[GetClams.com]

Banks wont disappear but the business model will change.

Fractional banking will easily be replaced. And consumers will demand proof of liquidty. Organizations that have certain flexibility like Uphold that deal with multiple currencies and commodities will be the new banking model. I keep my money there over a bank any day. It just makes sense.

[Snorek]

Banks wont disappear but the business model will change.

Fractional banking will easily be replaced. And consumers will demand proof of liquidty. Organizations that have certain flexibility like Uphold that deal with multiple currencies and commodities will be the new banking model. I keep my money there over a bank any day. It just makes sense.

Banks are here to stay (unfortunately). People are so blinded by current economic system with banks as its pivot that are forgetting that in this system they are the slaves and a product - not a customers.
Banks will just evolve, they took blockchain tech, use it to power their own altcoins (Citi Coin is alredy in creation!) and instead bitcoin will be pushed away.