Can Bitcoin make Banks disappear?

[Latviand]

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?

For me, cannot even though bitcoin have an good benefit like no interest to collect and have an expensive value i doubt thay it can make banks disappear, bank is part of the economics and government and we know that the bitcoin no match to government that decide to allowed it in one country.

[tirthraj]

i think 10% possible at few place where people aware of bitcoin and digital currency .
and they are doing peer to peer transaction. but few places people don't know these kind of cryptocurrency exists somewhere even they don't have internet facility.

Now second big thing is trust they can't trust these things they assume it as sharemarket. so its very difficult to say bitcoin can disappear bank.

we can do many things manually in bank but in bitcoin its difficult.

[MAJICOIN]

I think banking industry is fast growing currency and the people of this world is really doing many deposits in banks banking industry provide many long term loans to the big corporations. Bitcoin is also very popular and it can be said that banking industry will soon announce that bitcoin is the real currency and they will accept and receive these currencies.

[Wexnident]

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 highly doubt that Bitcoin together with other cryptocurrency will make Banks disapper or to be totally useless since it is considered as one of biggest instititution supported all over the world by different governments and countries. It is because banks are used to store an individual's wealth. So I think this will never happen.

[alexzorgo]

Central Banks won't disappear because they have fundamental functions for national economy. Anyway banks won't disappear in the countries with the totalitarian government. Because it is one of the main methods of impact on the population and national economy. Banks will remain as means of investment for more conservative people.

[bololord]

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 dont know but i think it is hard to replace bank because its control by goverment ! If goverment ban the bitcoin i think bitcoin will go down again we all know that bitcoin is the best than bank because if you get you're money you will see in the blackchain and low fees than bank.

[KnightElite]

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?

It can't be. Banks will never be disappear in our society. Even the bitcoin became popular all over the world, the bank will still stay in our society. Many people want banks because they know that banks are really important.

[Botnake]

Central Banks won't disappear because they have fundamental functions for national economy. Anyway banks won't disappear in the countries with the totalitarian government. Because it is one of the main methods of impact on the population and national economy. Banks will remain as means of investment for more conservative people.

Central banks regulate the banking industry and that does only limited to banks, we have lending and remittances business which some
are under the central bank and they have a big power to regular based on the international law or standard.
If bitcoin will be popular, they can still regulate it and it will not be come a threat to the bank as long as they have the power to control it.

[BurhanPSG]

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?

If I think the bank will not disappear because bitcoin does not aim for such a thing, even though bitcoin actually has its own online bank. Bitcoin will be very strong if the banks of a country can work together without any ban.
but of course this requires an approval from the government.

[azhar700]

it will never happen, the bank will never disappear. banks supported by the government, in all countries there must be banks, banks can provide loans, credit cards etc. banks may just disappear if bitcoin can be like that.

[Magkirap]

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?

Even with its current popularity and high demand, bitcoin will find it hard to compete with the banking institutions. Banks have already been established in our society for a long time and its PR still stands good with the majority of the population. What I hope to happen is that cryptocurrency and banks will incorporate with each other without ruining each other.

[mikaeltomcruz12]

In my opinion may bank will go away. Bank and Bitcoin has a difference bank have a offer that bitcoin can't provide. Bank is lot of use you can get your money any ware by only using card.

[indrakusumaindra]

well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol

yes hope that bitcoin can survive is enough for me. if bitcoin can survive long enough i believe someday tangible money will disappear. and virtual money will be the only one could survive and become legal for all people

[poletando]

i think i can't happen right now because bank is the one of important thing in a country, because all country need a regulating money in their country, and bank can handle that. what happen if bank disappear and changed by bitcoin? maybe some country need adaptation to use bitcoin, and some people in that country can't use bitcoin, so i think bank can't disappear right now

[socks435]

I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt

Its very hard to believe that everyone will start using bitcoin in future as people from poor countries will never have advantage to use them as they lack knowledge and they will prefer to use fiat money for their needs.

No i think its not! bitcoin not yet known of all people so its impossible to say that it can be bankrupt the bank, many people believe to the transaction in the bank, bitcoin is nothing has been done to compensate the bank.

[AntonioE]

bank - rupt yes and it is possible to all banks however there will always be a bank because that's how rich people make them richer.

[mevmike]

in my opinion as of now bitcoin still doesn't have the capability to make bank disappear.
somehow we may say that it is starting to become a threat to the banks operation.
but to say that it will be enough to make them disappear is an overstatement.
since there is not yet a lot of people who uses bitcoin nowadays.
most people are still using bank as their means of transferring and transacting.
therefore it will still take a lot of years before this scenario could happen.

[shejunk]

Bitcoin will not let the bank disappear, do not forget, bitcoin is scarcity, the number of bitcoin is limited, so bitcoin will not let the bank disappear.

[bonqa]

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 highly doubt that Bitcoin together with other cryptocurrency will make Banks disapper or to be totally useless since it is considered as one of biggest instititution supported all over the world by different governments and countries. It is because banks are used to store an individual's wealth. So I think this will never happen.

the fact that it was most supported institution doesn't make banks not destroyable. modern economy is crashing and banks are behind this. I see highly probable that crypto currencies will make banks disappear.

[PoIarMode]

That cant happen. I believe that won't happen. Lots of people does not even know what Bitcoin is and that is bad. I hope perhaps it may occur later in the future. So we use Bitcoin much more which will be great for anyone. The world has become much more electronic.