Can Bitcoin make Banks disappear?

[Sanitough]

Banks will never be replaced by bitcoin. Government will never allow it. But banks will surely upgrade its technology.

Is Bitcoin has a potential to make banks disappear? Well for me, Bitcoin is not powerful enough to make Bank disappear. Like what you have said, it cannot replaced the banks. Government officials will not let it to happen because if it will happen, they don't have any control to Bitcoin. They can't interfere between the two users of Bitcoin. Furthermore, Bitcoin may gain popularity as Banks.

Banks will stay and bitcoin might not stay forever, that's the reality because this world is controlled by our government and whatever they say
we follow as when we violate the laws they created we will have big problems as we are punishable then.
Bitcoin is a great invention, we just have the government will not see it as a threat to the bank so they will also support this.

[a7goo]

They will not disappear but surely the banks will no longer be as we know them.

[jagdeepjd]

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 banks will disappear and we should not be hoping that as well, we may see banks adapting to the blockchain technology in future and bitcoin being used as an alternative currency (not the only and mandatory). this way the balance will be maintained in the economy.

[Mersterious]

in my own idea No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

[siopao23]

They might be gone after bitcoin conquer the world. If they will not, then maybe they will change their function in our society. Banks serves as the middle man of transcations but bitcoin does not need any middle man in its transaction. Banks will be gone for sure once bitcoin used worldwide.

[sneeze11]

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 there's a possibility that bitcoin can make banks disappear because everyone loves it or like it. Other country ban bitcoin because they're scared that bitcoin can make bank disappear because they also think that there's a possibility that bitcoin can make banks disappear. For me I don't want that bank disappear but also I don't want that bitcoin disappear.

[DimaS1574]

to my mind  bank will never disappear. also banks will not stop crypto mechanism. it will be more reasonable if bank start cooperation  with cryptocurrensy business

[Thadeous]

On my opinion, in next 5 years, most of banks will support deposits and transactions for Crypto currencies along with flat ones.

[Helen.m]

Maybe yes, but I think that it is impossible

[julzcoinbit]

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 banks will disappear and we should not be hoping that as well, we may see banks adapting to the blockchain technology in future and bitcoin being used as an alternative currency (not the only and mandatory). this way the balance will be maintained in the economy.

It is really impossible to be happen that bank will disappear because of bitcoin, coz the aim of the existence of bitcoin is to help those people want their transaction to be private that we call peer to peer, which bank can't able to provide it.

[Tama21]

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?

Banks aren't going disappear,we still need the bank to save our money.
Bitcoin is alternative to banks

[Thavite71]

if bitcoin make banks disappear who will replace bank place.
bitcoin and other can’t be accepted as payment system so that Bitcoin can’t make Banks disappear

[Enjorlas]

Bitcoin is only an alternative way, but the banks are still necessary to cash out

[rudito]

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 the bank will not disappear, it's impossible for everyone to switch to bitcoin. Banks will still be there to manage finances.

[rolls89]

Banks instead of disappearing will start accepting Bitcoin.But some services provided by banks like credit,portfolio management will save them.

[makuhpal]

Not exactly disappear but it can replace banks system if you ask my opinion.

[malvinlee]

I'm sure the bank will not disappear. chances are banks will learn how bitcoin systems are. Even banks will work together with bitcoin if bitcoin continues to advance.

[ms.moon]

On my opinion, in next 5 years, most of banks will support deposits and transactions for Crypto currencies along with flat ones.

If bank will, maybe government will accept cryptocurrencies as USD, Euro..

[congtuan001122asd]

I think that will never happen. The bank has many benefits and it is the state bank. Bitcoin is digital money, it has no clear source of investment. The future of bitcoin is uncertain. Bitcoin will not make the bank disappear.

[arrmia11]

I  think Banks would still remain since it was already established a long time ago and people are already used to transact on it. The thing is, even Bitcoin would reach the peak of popularity, Banks would remain and instead they might use bitcoin also in their transactions.