Can we totally eliminate all the banks in this world?

[Kodok Bencot]

No we can not eliminate. We even send money to the bank account to buy btc.

Haha, your right. We bought our crypto through banks. Anyway, crypto is an option for us to be more digital and flexible and I hope in a long run we could minimize the use of banks.

Bank play an important role in the financial system and the economy, this is to stabilize the financial stability of our country. And yes you're right we use the bank in sending or recieving money and it is very impossible to eliminate all the banks in the world.

Yes agree, we can not eliminate all the banks on life, many businesses that really need the services of banks as an intermediary between creditors and debtors, and without banks then the economy will die.

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[cafe84178]

I don't think banks will be eliminated because they do stand an important role in circulating money through making loans and deposits.  I expect cryptocurrencies and banks serve for different purposes in the upcoming future, but both remain great importance. 

[Hotel_Prodeo]

Banks' functions are very important for life especially financial and economic, without banks then business will not exist, everyone is relying on debt in private to make the economy look dead, I'm sure the idea of eliminating all banks will never happen.

[cr_liev]

I think the banks will never be eliminated, but may be modified in some ways. In the history of the mankind there always were banks in different forms. In the 3th millenium they will also exist but in different form. Remember, there are already banking solutions on the blockchain. Perhaps, they will just be more developed.

[Auditan04]

What is the future of cryptocurrencies when all the government need to do is to close the bank accounts of businesses or exchange?

https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/

The article are says that some banks are closing in relation to cryptocurrency. But the news didn’t mention that all banks in Singapore are at risk of closure. What I think happen is just a consolidation strategy of bank industry to make their operation efficient.

Bank will never totally eliminate in our financial body. It is one of the oldest institution know to men. Bank may undergo to evolution but becoming extinct is not possible.

[trashvin]

I don't think so.I think,we need to the banks every time.because people use the real money on the world everytime.

For me we are no chance to eliminate all the banks in this world why? Because banks is really popular all over the world and a lot of people is trusting banks and for me banks is very useful for a lot of people in this world so there are no chance that the banks is we will eliminate in this world.

[angelinedelatorre]

I can say no, bank will not eliminated. I guess in near future they will accept bitcoin transaction. Bitcoin and banks can be united in some ways. But Banks and bitcoin have different usage and useful in our society.

[monomix]

theoretically yes, but if i think of how much work needs to be done and amount of conflicting option amoung nations, business, public to overcome, it seems like not in this life

[fishball]

What is the future of cryptocurrencies when all the government need to do is to close the bank accounts of businesses or exchange?

https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/

Banks won't just get eliminated. They are too reliable that many have already invested on them instead on bitcoin. Banks are too powerful to be erased.

[Xerox101]

No, we cannot eliminate banks for the reason is we have different currency which bitcoin is cryptocurrency which for payment, but in terms of monetary value bitcoin exchange to our monetary currency which is dollar- banks will not allow to eliminate them, bitcoin and banks are good competitors in terms of services of payment-

[Joriecoinbit]

I think the banks will never be eliminated, but may be modified in some ways. In the history of the mankind there always were banks in different forms. In the 3th millenium they will also exist but in different form. Remember, there are already banking solutions on the blockchain. Perhaps, they will just be more developed.

Yes, banks will just be modified or will be more upgraded not eliminated. It's impossible to eliminate bank just because of cryptos. We can truely feel secured whenever we put our money in a bank. Although we don't really earn huge profit in the banks, but atleast we knew that our money is secured and it's value is stable. We don't have to worry about fluctuations like cryptos.

[usam_coiner]

No, we cannot eliminate banks for the reason is we have different currency which bitcoin is cryptocurrency which for payment, but in terms of monetary value bitcoin exchange to our monetary currency which is dollar- banks will not allow to eliminate them, bitcoin and banks are good competitors in terms of services of payment-

we can eliminate banks from the world banks are running only because of people and if people will stop to place their money into banks they will crash so i think bitcoin is the best alternative to the banks and rather than saving in bank invest into bitcoin to earn a lot,

[icol333]

Nope, we can not. If there is no bank, so how will the country manage the circulation of their money? The circulation must be transparent and traceable so it is secured by the authorized party (which is the government).

[selectaselectine]

First of all..mBanks have been around for quite some time... long before bitcoin was found. And almost all the people in the world trust the bank when it comes to keeping their money safe. Second, not everyone are familiar with the use of cryptocurrency. It will take a long way to actually educate everyone.

[LeonardoDiCrypto]

I think it is much more likely that all the banks in the word eliminate YOU, if you ever try something like that. They have already murdered whoever was standing in their way, including several presidents of the United States.

[musharaf]

No it is not possible to eliminate all banks from earth because the banking industry is doing a lot for the smooth movement of the financial system of the country and this banks give opportunities to the foreign investors to come and invest in country so if these removes from the world then the systematic way will be disturbed and the economy will goes down with this So banks will operate normally and this can not be eliminated from the earth now and in the future as well.

[Stavri]

I dont think so. Banks are the only way to save and get cash. Cryptocurrencies is an alternative to modern banking but it is alittle bit uthopic. Cryptocurrenccies will be and alternative payment method like credit cards. But not totally dominate and eliminate the banks.

[Sowik]

Good luck eliminating banks lol, currently they are working on taking control over Bitcoin with the Lighting Network.

[Bagaji]

Bank cannot be completely eliminated from the world even if crypto currency 8to be generally accepted world over. One should not even expect such a thing to happen because it will never happen except not to this generation but the one yet to come.

[Glorious04]

What is the future of cryptocurrencies when all the government need to do is to close the bank accounts of businesses or exchange?

https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/

The government dupports banks and not cryptocurrency so as long as the government supports banks they will not be eleminated and besides there are other services banks do that bitcoin or exchanges will be able to fulfill so banks are not really and totally enemies of cryptocurrency.