the existence of possible bank will be replaced by bitcoin?

[AUDREY23]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

[CROYA86]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

the existence of possible bank will be replaced by bitcoin?

it is possible for already almost as many countries use bitcoin currency, would naturally they will move on to bitcoin

[~Bitcoin~]

Banks may not get disappeared even if bitcoin get accepted as currency in most of the country. As bitcoin can't be regulated by government, they will not use bitcoin or accept it as national currency over their fiats. In future, bitcoin may get bigger portion of daily financial transaction which may not be bigger than what bank will be handling at the same time.

Banks are in existence for centuries and it will not be easy for any thing to take position of banks.

[Kprawn]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

Bitcoin has already changed the banking sector. They suddenly started to invest millions into developing new technologies {like OpenLedger} to

go head to head with Bitcoin. Many banks have introduced "1 touch" banking solutions to speed up transactions and to make it more convenient.

So Bitcoin has bumped against these giants and they have acknowledge it's existence. Their solution to handle the possible threat... steal the

technology/idea, and give it a new name. {because they can}  

[franky1]

banks wont disapear. however they will centralize.

EG
in the UK a few decades ago.

halifax,Lloyds,TSB,Bank of scotland

were all separate banks. but to save on having 4 bank branches per town. they all merged due to some mergers and acquisitions and become one entity.

barclays done the same taking over, woolich and even america's lehman brothers..

so although you WILL see less bank branches in the streets of your town. that does not mean there is less banking control over peoples lives. infact there is more.

barclays for instance is heading up/managing the payment system of Apple pay in the UK. (one touch payment)
barclays is going to go one step deeper and offer smartwatch/wristbands as more convenient methods of payment without having to type in values/destinations or even pin numbers.

and yes barclays is neck deep involved in hyperledger. so expect the new IMF (hyperledger) to be changing the banks background tech to hyperledger and for fiat2.0 to be smartwatch/applepay based payment methods. not requiring bank branches.

this is why bitcoin needs to stop trying to push user adoption via sales pitches. but to get devs to allow onchain scaling and also get devs to revamp hardware wallets to be more like NFC smart watches. so that bitcoin is useful and usable by anyone..

otherwise it wont compete against the tyrany of central banks

[Gameroid]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

Bitcoin has already changed the banking sector. They suddenly started to invest millions into developing new technologies {like OpenLedger} to

go head to head with Bitcoin. Many banks have introduced "1 touch" banking solutions to speed up transactions and to make it more convenient.

So Bitcoin has bumped against these giants and they have acknowledge it's existence. Their solution to handle the possible threat... steal the

technology/idea, and give it a new name. {because they can}  

to me in  future as much as the number of bitcoin users is increasing hope that banks will start thinking about how to start accepting bitcoin in banks. because in future bitcoin will the main currency of the people and will be using in all over the word equally.

[franky1]

to me in  future as much as the number of bitcoin users is increasing hope that banks will start thinking about how to start accepting bitcoin in banks. because in future bitcoin will the main currency of the people and will be using in all over the word equally.

banks wont start accepting bitcoin. banks will use hyperledger.

but PEOPLE can choose to avoid banks and hold bitcoin instead.

in short.
WE DONT NEED BANKS!!!

banks will be held to regulations of only trading something they can 100% trade, control and audit. this will be a FIAT 2.0 done on the hyperledger.

people will use non banks to swap back into fiat2.0.. EG OTC(over the counter)traders/decentralsied exchanges

banks will in the future lose the retail market arena(consumer<->merchant spending). and banks will be used only for the tax payments to public services and treasury .. and behind the scenes private fiat market stuff like derivatives, bonds, etc.

[nara1892]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

I am not sure. bitcoin is not "enough" for all people around a country if the citizens are in high amount. beside that, there are old people who do not know technology or even do not really like to be in front of a computer. so I think they would not make it. if the government of a country who accept bitcoin would replace banks, I think they would not make it.

[uneng]

Bitcoin is not something to be impose to someone. Uses it who wants. Bitcoin replacing a bank would force the population to use bitcoin instead of another currency they could want to use. I believe bitcoin doesn't want it happens.
Each country can have its own currency and allow their population to use crypto currencies, there is no problem with this, everyone is happy.

[franky1]

Bitcoin is not something to be impose to someone. Uses it who wants. Bitcoin replacing a bank would force the population to use bitcoin instead of another currency they could want to use. I believe bitcoin doesn't want it happens.
Each country can have its own currency and allow their population to use crypto currencies, there is no problem with this, everyone is happy.

yep free choice away from the bank is the right mindset.

we dont need bitcoin to become the one world only currency or it will become as corrupt as fiat, once governments, IMF and banks start controlling it.

leave banks to play with their dead/debt money and just have bitcoin as an alternative open and free choice.

[DOGE12321]

This is highly unlikely. Bitcoin can increase its number of members and perhaps become an integral part of our society but the replacement of banks by Bitcoin is not possible. The government wouldn't allow it and the economy would crash.

[romero121]

Banks were the back bone for all financial needs for the poor to the richest in every country. If banking system haven't got existed we could have never felt this much development in terms of economy and in personal growth. Digital currency exist as an alternative service for banking needs with advanced technology., for which we can't say that banks and not functioning and gets replaced.

[Lonthe]

I think this will not happen, banks will always exist and are required to support the State. The government can not stand without the bank. so don't worry, there won't be any influential bitcoin with banks.

[franky1]

to me in  future as much as the number of bitcoin users is increasing hope that banks will start thinking about how to start accepting bitcoin in banks. because in future bitcoin will the main currency of the people and will be using in all over the word equally.

banks wont start accepting bitcoin. banks will use hyperledger.

but PEOPLE can choose to avoid banks and hold bitcoin instead.

in short.
WE DONT NEED BANKS!!!

banks will be held to regulations of only trading something they can 100% trade, control and audit. this will be a FIAT 2.0 done on the hyperledger.

people will use non banks to swap back into fiat2.0.. EG OTC(over the counter)traders/decentralsied exchanges

banks will in the future lose the retail market arena(consumer<->merchant spending). and banks will be used only for the tax payments to public services and treasury .. and behind the scenes private fiat market stuff like derivatives, bonds, etc.

 if all banks accepted the bitcoin may be all transaction is easily

we dont need banks to transact..
if we hand our bitcoins over to banks we might aswell just use FIAT..

i know there are some idiots that want banks to accept bitcoin purely for the fake theory of driving up the price (not the utility) so that some penny grabbing sig spammer can cash out to fiat to buy 10 loaves of bread instead of just a slice of bread.

but bitcoin should not join banks purely for someone one time get rich quick dream before exiting back to fiat.. bitcoin should remain separate and hedge against the banks. and be about bitcoins utility and free open alternative to the banking controls.. not the damn fiat price

for all of those only caring about the fiat price. then you might aswell just admit your love of fiat. and go play with it

[Shady]

Banks will always stay because of debit card providers, in no way is it necessary to use one... It just makes everything that simple.

To be honest since BTC is brand new technological development hasn't picked up yet so it'll take some time before more than web wallets or digital opportunities adapt how Bitcoin is used.

[HTML6]

Bitcoin? No. But some virtual currency will definitely be taking over in the distant future. My guess would be 25-40 years from now cash will only be used by criminals.

[shine1123]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

Nope, bank is still important for people around the world. Bitcoin can't change the position of banks because bitcoin still have not physical unit like paper or a coin and the wallet of bitcoin also still at online, not like banks that we can see it real live.

[Immakillya]

I think bitcoin cannot replace banks because many people including prominent people are still using banks. Bitcoin is just a threat for banks. Thats all. But in terms of legality. Banks are still trusted and use by people all over the world. Bitcoin is not really accepted around the world. Infact, some countries banned bitcoin. Bitcoin is just a threat to banks. But to kill banks. No way bitcoin can do that.

[The_Dark_Knight]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

Bitcoin is not going to replace banks, too many people are invested in this system and I don't mean only bankers and governments but the general public too, they are dependent in this system to keep going, so while everyone could open a bitcoin wallet and deal with bitcoin, only a minority is going to do it.

[passwordnow]

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!

No, I don't think it is going to be ever possible that it can replace the banks. People will always rely to what the government is protecting. And many big investors and depositors will not going to rely to a decentralize crypto which doesn't have stable value. They don't want to risk their money with it, banks will remain and bitcoin can be adopted.