Can Bitcoin make Banks disappear?

[Loopper]

yes bitcoin rule that every one can have his one bank will make Banks disappear.Many stop trusting in bank and bitcoin is only connection bitcoin two pats only.

Only the bank can adjust its place with the Bitcoin at this time but if the bank is willing to do so

[cutecute]

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 bitcoin can't make bans disappear even if it is so popular and famous no one can make banks disappear. Yes bitcoin now having an issue to be the currency worldwide but some country are not approve to bitcoin in short bitcoin are not legal worldwide so how it can make banks disappear?

[blackpete]

I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..

[jkinit2125]

I think Bitcoin can't. Banks are institutions helping to regulaye the money circulating in each countries. Banks are so important in an economy of a country.

[1jaffa1]

Bitcoin will never make banks disappear. That is impossible. There are only 21 million of bitcoins in the future. That is the maximum amount possible if i am correctly informeted. So if everyone in the world should be paying with bitcoins, we should all have very very very small amounts of bitcoin. That is impossible. I Believe in bitcoin as another value with which you will be able to pay all over the world, as you do with doller, yen, pound, euro or so. All the values will have there own life as now, and nothing is going to disappear.

[daringdiscovered]

I think Bitcoin can't. Banks are institutions helping to regulaye the money circulating in each countries. Banks are so important in an economy of a country.

 Actually yes it can, bitcoin could do such thing like that to the banks, think, if bicoin would be the world's currency, then banks would be nonsense since bitcoin have their own wallet and I would not dare storing it in those bullshit banks that is only thinking on how they could get advantage on us to earn money.

[odakorlina]

I do not think that Bitcoin will make Banks disappear. Banks have different purposes and functions like investments, loans,  payroll functions on big companies and etc. It might be possible in the future  there are chances that banks may adopt bitcoins or maybe soon the transaction through banks might get reduced when lot of users get involved into bitcoin.

[olatslodi]

I do not think that Bitcoin will make Banks disappear. Crypto currencies have a separate use than fiat so both are needed for now. But no one knows what happen in the future.  It might get reduced when people start thinking how to make it popular to get more money into bitcoin

[wolfgang56]

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 don't think bitcoin can make banks disappear because there are still things that only banks can do, like producing bills and coins which people who are not that well-lived could only afford to get because not all people can use bitcoins in terms of what is its used.

[adadaorlina]

I do not think that Bitcoin will make Banks disappear.  We need banks in order to get fiat into the current Bitcoin exchanges to buy Bitcoin.
How can any one seriously think that something as Bitcoin can make banks vanish. Bank is important for every country.

[real_links]

Me i feel banks will reduce drastically. but they might not disappear completely.

[dieselmeister]

As you can see, Bitcoin is a good coin with impressive development. However, it also has many weaknesses in payment such as high fee and slow transaction speed. Moreover, The banks in the world begin using technology of cryptocurrency in their system such as Ripple's technology. So, Bitcoin can't make the banks disappear.

[boyshx]

No currency or investment tool ever replaces any bank. Banks has history of hundred and more years. Banks are the backbone of many economies. Banks perform many activities which no other institute can perform. For many remote areas, villages banks are the only financial institutions. Every country whether developed , developing or underdeveloped have their own banks. Bitcoin is a young currency, it has long way to go to establish itself. Bitcoin is a currency and a good tool of investment. Its functions are different from banking functions. Bitcoin has not yet reached in all parts of the world. More than 60% of world`s population know nothing about bitcoin currency.

[hagia]

bitcoin can't makes bank disappear. why? because as i know that bitcoin and real money(paper money) have a big different, so i think id the bitcoin can makes bank disappear i think the real money is useless, its mean that in all the world is not using real money (paper money) and they all using digital currencies

[ohlawdy]

My hope is that bitcoin or other cryptocurrency's at least take a big chunk of their market if not completely.
I think it is possible because people from this generation know what banks can and will do .

[popoypalaboy03]

It can be happen if everyone all around the world start to using Bitcoin. For using Bitcoin wallet everyone should have a mobile phone. As we all know now a day mostly peoples have mobile phone and everyone start doing small to big transactions by Bitcoin. So it can be possible that Bitcoin can make banks disappear.

[MarkusIsaiah]

In my opinion, It is impossible that bank will disappear because bank has an offer that bitcoin can't offer for the people like loans for houses, business and many more. bank will not disappear but they can change or they can work with bitcoin.

[sailordgold]

Bitcoin doesn't have the potential to replace fiat it's impossible. Its ecosystem is too vulnerable to drastic changes overnight and no one in their right mind would want this to be the main currency of their country, Let Bitcoin be a great investment vehicle and buy your groceries with banknotes in the local supermarket

[shezu007]

In my opinion, It is impossible that bank will disappear because bank has an offer that bitcoin can't offer for the people like loans for houses, business and many more. bank will not disappear but they can change or they can work with bitcoin.

yea idea of the mate is correct up to an extent that bitcoin will never disappear bank system due to the reason that bank system is very old, trusted and strong system throughout the whole world while also bank system is legalize in every country while bitcoin is still not with addition with this become system is offering various offers like giving cars,house etc while still bitcoin is still not giving any such offer.

[balamuda]

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 but only the bank's procedures will change.