Can Bitcoin make Banks disappear?

[Karie_Legend]

bitcoin will hardly destroy banks in the future because rightnow banks are developing and changing themselves to become the better and more friendly, gaining more trust from users, making people hard to quit on banks, so if bitcoin want to defeat banks that will be a big problem to be solved in the future.

It's the same thing with the Bank going to mingle with Bitcoin and Bitcoins work so the Bank will not die.

[TheWinnerBro]

I don't think banks will ever go away or dissapear.
They can evolve and make it to where you don't need physical money
But it will still be the same, you will still need a bank account

[cybersofts]

No. bitcoin will never make banks disappear because government own the banks. Some governments are even banning bitcoin in their countries to avoid competition. Perhaps, in the future some cryptocurrency, an altcoin will do.

[tot-o]

lols.... of course not....
Country's bank won't disappear because some people still choose to put their earnings in the bank.....

[nextcrypto2401]

no it never happens 

[8Habits]

No. bitcoin will never make banks disappear because government own the banks. Some governments are even banning bitcoin in their countries to avoid competition. Perhaps, in the future some cryptocurrency, an altcoin will do.

The beauty of cryptocurrenciy compared to fiat money is that when you have plenty of money deposited to both bitcoin wallet and with your fiat bank, many people including the government would know in the latter but not that much in the former.

[Sandal_Hat]

Banks will lose some biz, not all.

[Ethernel]

No it will not disappear bitcoin as banks are not currency with which bitcoin is in competition and the banks will sooner start working with bitcoin as the banks job is to work with currencies and bitcoin is a currency.
And may be Bitcoin itself require the need of banks if it took physical shape.

[8Habits]

No it will not disappear bitcoin as banks are not currency with which bitcoin is in competition and the banks will sooner start working with bitcoin as the banks job is to work with currencies and bitcoin is a currency.
And may be Bitcoin itself require the need of banks if it took physical shape.

That is true, bitcoin was not design to take over banks which are already an institution in the financial world. Soon, it will be possible that banks will incorporate bitcoin and the concept of blockchain in their system.

[Lily04]

I don't think Bitcoin will make bank disappear, bank will always be there because they will always have a service to provide.

[bigvito19]

no it won't

[Granxis]

No. bitcoin will never make banks disappear because government own the banks. Some governments are even banning bitcoin in their countries to avoid competition. Perhaps, in the future some cryptocurrency, an altcoin will do.

It is important to note the importance of major companies, if we understand the relationship between government companies and banks, we know that the banks will never lose power. In almost every country, government companies and banks are in a relationship.

[petrov trevor]

People will always need banking, just for credit for example, then it's reassuring for Mr. X to have a bank with a big name that is "solid"

[Arcejeff]

Whether the bitcoin will big and grow. . I think bank will stay so nothing's change.

[Christian13]

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?

in my opinion i would not actually agree to the allusion that bitcoin will make banks disappear. What I foresee is that banks will tend to adopt the use of bitcoin and even encourage customers to bank in accounts with bitcoin wallets. Just like we have bitcoin wallets with different providers, banks will also introduce bitcoin wallets where customers can deposit their bitcoins.

[freshm4ker]

Some bank owners are afraid of this and begin to learn how the blockchain work system works so that they can integrate it into their existing banking system because they consider bitcoin as their biggest rival that can make it disappear slowly.

[ms.moon]

People use Bank for saving, exchange... Bitcoin is one of currency, so it will work base on Bank.
I think Bitcoin can't make Banks disappear.

[princesocapuyo]

Any bank which doesn't accept Blockchain technology is going to eventually disappear.

[let.bet]

Bank may soon adopt blockchain to their old system or using an exist altcoin to enhance their process (eg: Ripple).
The govt will keep the bank alive to manage cash flow also collect the tax.

[Pamela Jobelle]

Banks will not disappear if they cooperate. Cryptocurrency and banks can be join force if the bank will allow cryptocurrrency to be part of the stock exchange.