Can Bitcoin make Banks disappear?

[Sadlife]

I dont think so, bitcoin cant make banks disappear it will just be an another payment to use for people to use. I think this two currency needs to coexist to maintain balance in terms of economic value. Cause bitcoin is not yet considered as a global mainstream so some countries hasn't yet accepted bitcoin some doesn't have any knowledge about it. So bitcoin needs fiat to be converted.

[Babylon]

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?

Maybe, it's possible, but it still depends on the situation when people lose confidence in the bank, for reasons of bankruptcy, and in accounts or currencies that are in it. But the bitcoin will also find it difficult to find the ganko because the people are most familiar with it and are most trusted by other companies in the world. But is it better for me to use bitcoin because your money is hidden? it gradually rises even when you do nothing because of the value increase of day, month and year HAHA .

[Bitcotalk]

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

yes i do agree maybe they will only consider things in bitcoin currency to make their operation more successful and they will not be left behind by the new platforms.

I don’t think so that this will ever happen. Banks will be there for us till the time this society has paper money and I don’t think so that we will be able to see a cashless society ever in the future. There will remain so many users even in the coming days as well who will not leave this paper money or will not agree to convert their money into digital money.

[Cryptojunkiez]

You're stating banks will vanish in light of bitcoin then your wrong do you think banks are running simply because of store exchange there is loads of reason for bank where do you get advance if bank doesn't exist what about charge card what about your protection plots what about your reserve funds . Indeed banks will free some of its benefit however not it totally vanish

[Lomperd1]

I don't believe that Bitcoin can influence bank to vanish by any stretch of the imagination. Since the present moment there are a ton of Banks that are as of now trusted and furthermore usable to the individuals who have their own particular organization. Since Banks can likewise do different things than simply sparing cash.

[Strught85]

appear to feel of bitcoin have the exact same performance as the money, if the bank does not mean bitcoin make it, there is no more time a operate of money in this entire world, as properly as bitcoin. due to the fact bitcoin will absolutely be exchanged for income to acquire anything in the real planet

[ruslangitelman223]

I believe that bitcoin can not make banks disappear, as it will be unprofitable for bank owners to do so and they will prohibit crypto currency in their country. Bitcoin can exist in parallel with banks.

[learner 7]

If this happens sometime then not soon, because still a small percentage of the society uses bitcoin.

[Ayush rana]

No, i don't think Bitcoin will make banks disappear because banks are the final place where we get our country currency. And we need that currency for daily basis. We can not use Bitcoin in every shop.

[tmaleha]

It is not possible to make disappear banks because of Bitcoin.

Because of Bitcoin Banks regulation for sure will be change according to the latest development  occurs due to the crypto currency.

Why Bitcoin cannot make Banks disappear because Bitcoin is not any countries currency so for transactions bank is must.

[Chanock]

I think bitcoin can't affect bank and bitcoin never disappear banks. Some bank's accept bitcoin and convert it to the real money. In my experience my earned bitcoin from signature campaign, I deposit it to the bank and they convert it to the real money. And in my opinion bitcoin cannot disappear banks.

[senzacionale]

For me, that is really very far from happening yet that people will leave banks in exchange for bitcoins. But I am not discounting the fact that it will happen. Banks thrive for centuries for a reason and it will not easily disappear because of bitcoin. Bitcoin is a good alternative for our financial transactions but will not replace banks for sure anytime soon.
   

[bitterguy28]

maybe if the bitcoin goes to very popular and bitcoin knowing of all people as currency i think it very possible the bankers hate to the bitcoin as currency its because the bitcoin is treat to the bankers goes to disappear.

[Oppang Inamo]

I have Two opinions in that particular question,because as a student or a bitcoin user o have many experience and knowledge about bitcoin and cryptocurrency, first banks can disappear in the future if the governments and other associations will not be a hindrance of the bitcoin increase and grow,but if the governments and the associations will continue to do that and if the banks were still strong it can definitely cannot destroy banks,as I experience in market bitcoin is very sufficient and suitable for users.But it depends to the people if banks will disappear.

[Chairul Muttaqin]

maybe if the bitcoin goes to very popular and bitcoin knowing of all people as currency i think it very possible the bankers hate to the bitcoin as currency its because the bitcoin is treat to the bankers goes to disappear.

nowadays bitcoin is very popular and some banks was hate bitcoin but the rest decided to get into role of this cryptocurrency world. in some countries one can purchase bitcoin with their fiat. unfortunately there is no banks do like that in my country.

[Loni]

While oil and gas are ruling the world and banks are the main circulatory system of fiat, the main pressure will be there. You may quid in by crypto, but to rule the society through it is much more difficult than through rag.

[CryptoLoverz]

no i think
to many people need bank, in bank is good invest for long time. and i will use bank than bitcoin for long time.
people that need instant money will go to bank, not bitcoin. because they can give you (with term and condition)
so, bitcoin and bank will help on depend situation

[ace4549]

Maybe in the near future if bitcoin market gets high price and more..

[8Habits]

no i think
to many people need bank, in bank is good invest for long time. and i will use bank than bitcoin for long time.
people that need instant money will go to bank, not bitcoin. because they can give you (with term and condition)
so, bitcoin and bank will help on depend situation

Because bank is already an institution in the financial industry. People get to use to it and trust banks with their savings and deposits and some investment. Although bitcoin is a real good to have, we still need some bank to keep some of our hard earned savings and be able us to do some transactions like different kinds of loans..

[MS.LAWLIET]

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 believe that bitcoin won't make banks disappear here in our country i think only 2 out of ten of our population uses bitcoins. Some may know but many of them find it as a scam. In additional there are still adults who don't know and don't care about bitcoins. They will be the one who'll patronize the banks. Banks will never disappear, some may but not all.