Can Bitcoin make Banks disappear?

[nafez1]

I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.

[Japinat]

I do not believe that bitcoin can make banks disappear. Because bitcoin can not replace traditional coins. The government will not let this happen. Bitcoin will develop along with many other currencies and the bank will accept bitcoin.

Indeed, only a centralized currency can replace the current currency we are using, bitcoin is not that powerful as it's decentralized and it cannot be controlled by the government. What made bitcoin a popular currency now is because of the blockchain and decentralization, what the government will do is they will improve their system and make their own blockchain but a centralized one.

[trauchot]

It can`t happen. Banks were before bitcoin and before many other official currencies also, banks have already created name with their experience in hundreds years, and bitcoin only recently began make its way to the world level. People trusting banks, at any time you can go to the banks and find out if something happened. And if there is a problem with bitcoins, where you will go? Therefore, people always have choosing banks in first place, because it is more reliable and tested for hundreds years.

[wilwxk]

The banks will not disappear because most of people in the world use bank credits and other investiment of it. Like mortgage, vehicle loans, home loans, consumer loan or commercial loan. Maybe one day we can receive all these loans as a bitcoin, but the btc its a currency, and not a bank, did you ever listen about dollar make banks disappear ?

[sheldonnnn]

Bitcoin can not make banks disappear. Many people still use banks. Banks and ordinary money will never disappear, despite the fact that crypto currencies are becoming more and more popular. These are just different types of money.

[Nylelyn]

Bitcoin is a digital currency and it will bring advantages in the world. However,  Bank is already an institution that was here since the money was created.  Many businesses depends their big transactions over the banks and as mentioned before,  many people still trust the traditional banking system which is due to security.  It will be difficult to have bank disappear because of the good services they provide to us.

[supine]

I can only see this possible if banks will fail to adapt to the new system of online currency. In the future, there is a chance that the regular money that we use will no longer be relevant, by that time we will be using online currency, so banks need to accept that fact.

[cryptosifu]

Banks will always be around.

[Crypto4K]

Banks will always be around.

This depends on people like you and me using them or using another way getting our things settled.
Come on guys. Let's try at least!!!

[CircularLoGic]

Banks around the globe are considering to create their own digital currency, while big corps and banks looking to make bitcoin look bad or as an scam
bitcoin doesn't work the opposite, banks are not going to dissapear ever but they will just adapt to the future and the future of money are the digital currencys,
so as for now bitcoin will stay as the strongest digital currency in the world no matter what banks try or say, and the banks itself hence they can't take bitcoin
out of the business have to incurr into creating a coin for themselves ( Take a look at this link https://www.verdict.co.uk/bitcoin-countries-digital-currency/ )
there are a few comments about what country's are doing to fight against to future.

[rasmadisulaiman]

I think for now the bank will not disappear with the arrival of bitcoin in the near future. Bank and bitcoin will continue to go hand in hand and will compete with each other in the fight for customers. Banks should continue to be wary of bitcoin advances.

[Boybugwal760820]

Banks may disappear if all the people in the world will have the exact knowledge of what bitcoins or any other cryptocurrencies may offer to its users such as the anonymity to transfer large amount of money any where in the world for a small fee and avoiding taxes also.

[Melit02]

No, bitcoin can't make banks disappear. When they are using banks it can't be fade away easily. Bitcoin can help you to invest and earn money here. You can save here for your future. Bitcoin money is the new digital currency and it's known in our universe.

[Creepyman200876]

I don't really think that banks will disappear because of bitcoin but they would just simply incorporate the system in which bitcoin is implementing and still apply their own bank regulations on it. Banks will adapt to the new trends in which bitcoin is implementing in order for them to survive.

[Jigsawman082076]

I'm sure bank will always stay because we always need the services which the bank offers such as loans and credits. If bitcoin has this kind of services maybe they can really make banks disappear.

[Mabhel19]

I think no because banks are responsible for making bitcoins into cash

[Nylelyn]

Bitcoin in the future might encourage people to minimize the service they need from the bank thru peer to peer transaction and online wallet, where they can easily make money transfer anywhere. But this does not mean that peoole will not be needing bank services.  Security of your money, time deposits, various types of loans and mortgages, credit cards, are important for our personal and business transactions.  Therefore, banks will remain as it is centralize and govern by the government.

[Lingqingyi]

This is unlikely. After all, the currency of the transfer speed is so slowly, and the transfer fee is so high, not suitable for as a kind of currency, most Banks are now also did not let him in the eye.

[selectaselectine]

Banks can undergo changes but it will never disappear.

[ASKoranteng]

Bitcoins can't make banks disappear because very soon all the banks will come on board and offer bitcoin transactions. Banks play a major role in the world's economy and so they will have to fuse their services together.