Can Bitcoin make Banks disappear?

[DunnDy]

Actually I think that Bitcoin could make banks dissapear in the near future because people care about time and comfort and Bitcoin offers it. Bitcoin allows people to send transfers right away. Furthermore, no intermediary is necessary to make the transactions. It makes them really fast. Many people innately like not being subject to anyone and doing things on their own, that's clear so in my humble opinion, Bitcoin can replace banks in the future.

[rudox]

Bank may not disappear  but if they do all they can to destabilize Bitcoin and they failed then they will adopt Blockchain and key in their services to suit and benefit from blockchain technology.

[gundala]

Yes, some agencies including banks are beginning to adopt the blockchain system.
By the way, although cryptocurrency is more effective than cash, I'm sure the bank will still exist, because bitcoin also has limitations, one of which is having to go online. So, for offline transactions are fast and effective, cash is needed.

[trickyriky]

it is possible to lose the bank when the bank loses money in a country its effect will also lose the local fiat money or total money in nationwide.

what is the effect of losing fiat money?
the most affected the bank is I think it's not good for bitcoin to lose the fiat money and bank. If we think that the fiat money is gone and the human target has moved to bitcoin here that the price of another altcoin will increase. Because the fiat is gone and the bitcoin bank is taking taxes the governments do not have any local money alone in digital money bitcoin.

Is that ny opinion only. that's why I run into my mind when the fiat money and the bank are gone.

No sure not, Bitcoin will never kick the banks out of their business. However, less people will use their services if they have BTC — this situation is not profitable for banks and for governments, thus Bitcoin is not supported officially much.

[Ryan1212]

bitcoin will not make bank disappear, the only possible thing is bitcoin will compete banks, and it start start in this year, but some event will decide decide how long and how far bitcoin will make bank feel awfull with bitcoin existence. For now and maybe in the future too, we still need banks to convert it to fiat.

[Yantoaja]

might happen ... for some time in the future if bitcoin is legal and has been widely understood by people in the world
at that time maybe the bank's work system will decline and may disappear

[Sexie]

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

.                I think  not all banks Will disappear if just in case that Bitcoin Will rule the world of currencies . Banks still have their  role in the community  through them, there is local exchange currency. Just accept the fact that every country has their own currencies  and that is a part if every nations history. We can not erase them totally, they the one that keep them , the local currency. If ever, maybe banks Will study some aspects of Bitcoin and that to broaden their kind of services towards people.

[SteinsGate]

Bitcoin is a different form of currency when compared to the currency we are currently using. As for having the wiping of these banks, I can say that it is not possible. Banks are there and slowly progressing through the years, if we let the banks get out of the picture what would happen to our old people that are using the native banking system instead of the newly rising digital currency? I think that part is an argument that cannot be solved in a timely manner.

[cryptoneum]

Whenever there is a conflict between technology (Blockchain) and traditional methods (Banks)  history taught us that technology always wins. So i think bitcoin or blockchain will make banks disappear.

[ace4549]

If ever banks would consider closing those accounts who have Bitcoin transaction, perfectly Bitcoin can make banks close. People would be smarter to put their money in bitcoin it has a greater amount of interest and it doesn't take a year for that.

[CryptoHRCRAFT]

If digital currency can make banks disappear then we are closer to a decentralised society!

Remove the control machine!

[sucix]

Banks as WE know it may disappear, but banks generally will not disappear.

What is your main reason on this? Bank may disspear but generally not disappear.
I think you try to say some of bank maybe close but another banks is still exist.
However, bitcoin will not disturb bank so bank will remain exist. Bank can addopt bitcoin as well.

[triargiyan]

as time goes by and the times are growing, chances are banks may disappear and be replaced by criptocurrency. but it may be very long

[DoublerHunter]

Banks as WE know it may disappear, but banks generally will not disappear.

What is your main reason on this? Bank may disspear but generally not disappear.
I think you try to say some of bank maybe close but another banks is still exist.
However, bitcoin will not disturb bank so bank will remain exist. Bank can addopt bitcoin as well.

Banks will not close or disappear because the majority or almost all the people are trusting the banks because the banks are here for a lot of years and the government supported the banks and that is the reason for the banks to stand strong even though there are threats like the digital currencies or cryptocurrencies.

[bajigur894784]

well .. although at the beginning of its appearance, bitcoin and blockchain are feared by banks and other financial institutions. but, nowadays Blockchain is being considered as a complement to the banking system.
at the beginning of its Presence Not many people understood and were interested in studying and studying it. However, over time, many people including the banking players were aware of the great potential of Blockchain. For those who are interested, this technology can certainly be a great opportunity.
One bank that has implemented Blockchain on its system is the Royal Bank of Canada (RBC). according to news circulating, they developed a distributed ledger technology (DLT) system based on Blockchain technology called Hyperledger. The application has already been made in the financial transactions of their branches in the United States and Canada. That is, the system like that can used by other conventional banks around the world.

[meidut]

Personally I doubt bitcoin would be practical enough to be able to do that in the current world and economical system and change it enough to make banks obsolete, I think it can easily take control of the online world but the offline world is completely different.

[xiaowu55]

I think bitcoin makes banking hours extremely unlikely.
Because some Banks have national support.
It won't disappear easily.

[legenduim]

I am sure that banks will take the blockchain technology and will use it as they got many other thing of technical progress. We will see it in a near future it is obvious thing. Let’s wait how banks will be transformed.

[Thadeous]

I am sure that banks will take the blockchain technology and will use it as they got many other thing of technical progress. We will see it in a near future it is obvious thing. Let’s wait how banks will be transformed.

Current Blockchain implementations are still too slow, comparing to such payment systems as Visa and Mastercard.
On my opinion we need at least few more years to get new generation of Blockchain, fast and reliable for global financial systems.

[okchain]

Banks will not disappear, because Bitcoin transactions are not accepted by all countries, and banks are the institutions that regulate the economy of a country, and no country will let the banks disappear.