Can Bitcoin make Banks disappear?

[sabbirshm]

bitcoin didn't reach there because all people don't use or want bitcoin payment method.So, currently jts impossible to disappear bank by bitcoin.We use bank for giving many kinds of fees etc by bank because store,shop don't accept bitcoin.so it's not possible for bitcoin to disappear e bank.

[Yakamoto]

bitcoin didn't reach there because all people don't use or want bitcoin payment method.So, currently jts impossible to disappear bank by bitcoin.We use bank for giving many kinds of fees etc by bank because store,shop don't accept bitcoin.so it's not possible for bitcoin to disappear e bank.

Banks would still exist even if Bitcoin was the biggest form of payment throughout the world, there are a ton of people who would still want to deposit their money in some kind of bank and not have to be completely responsible for everything they have either. While Bitcoin does let people be their own bank, there are definitely people who would just want to spend and move Bitcoin and not have to care for it.

[ruselbd]

That is precisely the finished result and that is likewise why some bank proprietors fear this and have begun concentrate how blockchain framework functions so they could incorporate it to their current keeping money frameworks since they consider Bitcoin to be their greatest adversary that could make them vanish.

[purebitco]

I am not sure it can happen, better not to think about it and make more and more money with bitcoin everyday till it's works, cause someday it's MAYBE can dissaper.

of course it can, in my opinion it is the only question in time when we will see it happening, it would be really great to be honest because it would give me some decent money

[Doamader]

I am not sure it can happen, better not to think about it and make more and more money with bitcoin everyday till it's works, cause someday it's MAYBE can dissaper.

of course it can, in my opinion it is the only question in time when we will see it happening, it would be really great to be honest because it would give me some decent money

Im confused you will be making money if bitcoin stop work? Im pretty sure neither bank or bitcoin will disappear, banks provide several services and almost all people do use them. Bitcoin keeps being developed and has a huge potencial besides return the power to the people.

[fikihafana]

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's impossible to make bank disappear, bitcoin just another alternative payment and we still need bank. it's just my opinion

[JeffBrad12]

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's impossible to make bank disappear, bitcoin just another alternative payment and we still need a bank. it's just my opinion

That's right I giving any example for that if our in the world of war and I think a lot of people will leaving from bitcoin because bitcoin is not usefulness in the urgent situation without internet.

[TastyChillySauce00]

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's impossible to make bank disappear, bitcoin just another alternative payment and we still need a bank. it's just my opinion

That's right I giving any example for that if our in the world of war and I think a lot of people will leaving from bitcoin because bitcoin is not usefulness in the urgent situation without internet.

And during the war why did you think the banks will not going to be collapse? With bitcoin you can save your moneg during the war for the security and could just took it when the war just ends,in war,food is the most important things not money

[beamforming2]

I do not think this is possible  because the bitcoin is just to small right now maybe its possible in the future.
But the time will learn it because the bitcoin is not to predict of course.

[madwica]

I do not think this is possible  because the bitcoin is just to small right now maybe its possible in the future.
But the time will learn it because the bitcoin is not to predict of course.

Even in the future bank still remain in this world, bank will do some adjustment if the bitcoin value will goes high than this moment and bank already know what they need to do if that will happen, and i think bitcoin will be adopted by the bank for their additional income.

[icecube45]

Bitcoin will not be able to make disappear the bank because the bank has a very strong economic strength. So that bitcoin will not affect the bank let alone make disappear. The Bank will continue to progress so that it can compete well.

[Karolus]

Banks fear bitcoin about as much as Coca Cola Company fears some kids selling lemonade. In the global financial market bitcoin is the equivalent of a statistical rounding error. Coinmarketcap.com's historical tracking shows that bitcoin's long-term market share of cryptocoins is declining, not increasing.

https://coinmarketcap.com/charts/#btc-percentage

[Capradina]

Bitcoin will not be able to make disappear the bank because the bank has a very strong economic strength. So that bitcoin will not affect the bank let alone make disappear. The Bank will continue to progress so that it can compete well.

Yeah, it was to be ensured. because the bank is a source or Foundation in finance each country. If the BANK is missing then the finances of the State will be messy and it will affect the economy of the country. keep using both and use the bitcoin for profit or investment and use the banks to keep the money with the guarantee and secure

[boyptc]

Banks fear bitcoin about as much as Coca Cola Company fears some kids selling lemonade. In the global financial market bitcoin is the equivalent of a statistical rounding error. Coinmarketcap.com's historical tracking shows that bitcoin's long-term market share of cryptocoins is declining, not increasing.

https://coinmarketcap.com/charts/#btc-percentage

That's the reality that banks do fear that they are going to be conquered by bitcoin. As the users of it doesn't need to go to the physical bank just to deposit and withdraw their money. It is very safe at all even if they are just going to deposit or withdraw in their houses. But as of now, it is not going to happen it is going to take a lot of time before it happens.

[PieCrafted]

People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.

[ironm@n]

People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.

Yes, problems caused by human error factor.

[torrentheaven]

Bitcoin will not be able to make disappear the bank because the bank has a very strong economic strength. So that bitcoin will not affect the bank let alone make disappear. The Bank will continue to progress so that it can compete well.

Yeah, it was to be ensured. because the bank is a source or Foundation in finance each country. If the BANK is missing then the finances of the State will be messy and it will affect the economy of the country. keep using both and use the bitcoin for profit or investment and use the banks to keep the money with the guarantee and secure

Yeah we need both of them and both are important for us as banks will take care of fiat expenses and our regular transactions, and bitcoin is the best when comes to online world.

[jonahmarieaton101]

Banks will not dissappear. We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin. If anything banks as we know them may have to move with the times and start bitcoin accounts. At the end of the day banks make money of our money they will want to try making money from bitcoin too.

But what if it would really happen? I know it is possible

[Blackmet]

Nope, banks is protected by the goverment of country when this banks situated, can i am not sure that for any county working with bitcoins is really profitable.

[ironm@n]

I believe that both can coexist, so people can choose which one to use.