Can we totally eliminate all the banks in this world?

[Cryptolupus]

In spite all its apparent trouble, bitcoin and cryptomarket are growing more and more.
I don't know if this will make banks disappear (I'd like it very much...) but for sure they will lose part of their power and they will need to change theri profile, to survive

[ssuchy]

In spite all its apparent trouble, bitcoin and cryptomarket are growing more and more.
I don't know if this will make banks disappear (I'd like it very much...) but for sure they will lose part of their power and they will need to change theri profile, to survive

The fact is that the banking system is much stronger than you think. Already today, many financial structures begin to use the theology  blokchain  And thus try to keep up with the times ..

[Satry]

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/

Bitcoin is the only one currency which is dealing people and people are coming attract to bitcoin because bitcoin is the only currency which having future well if we think about ETH then it is also quite good for future.

Even if bitcoin or other cryptocurrencies will exist in the near of future BANKS will never eliminate. Blockchain creates because it merely converts trust from one form to another, but all transactions that we make in blockchain the banks need  to verify of each transactions. Banks are vital institutions in any society as they significantly contribute to the development of an economy through facilitation of business. Banks also facilitate the development of saving plans and are instruments of the government’s monetary strategy among others.

[marcbitcoins]

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 will not be eliminate because Bitcoin will not be a whole world wide currencies replacing fiat. Bitcoin is good for investment to earn more fiat not to become a currency in which we use for payments. With this current situation of the world in which majority of the people are poor it will be impossible for them to learned on how Bitcoin will work so therefore to eliminate banks it means to eliminate fiat which is an ambitious goal.

[sabarr]

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/

I think banks can not be eliminated because people still need a bank and not everyone is in bitcoin and I think we also still need a bank to take our cash money

[Sypher902]

what about bankera!  that are the world first crypto bank!
I think the space will evolve this way

[neliawesome]

I dont think that banks will totally eliminated because as we all know banks are owned by most influenced people in the world.Those people will never allow that their businesses will totally vanished and not all people are into cryptocurrency.

[Rrtt]

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/

For now we cannot eliminate the banks of the world. Crypto currencies are not yet accepted all over the world. And not everyone are into it. Banks are keeping our money safe while crypto currencies are very volatile.

[Samk]

NO ITS IMPOSSIBLE TO ELIMINATE THE WHOLE BANKING SYSTEM AS THEN THERE WILL BE NO CHECK OF THE MONEY FLOE IN THE ECONOMY AND NO CHECK FOR THE FAKE CURRENCY IN THE ECONOMY.

[goldcoinminer]

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/

For now we cannot eliminate the banks of the world. Crypto currencies are not yet accepted all over the world. And not everyone are into it. Banks are keeping our money safe while crypto currencies are very volatile.

Even if in the future I think, bank will continue to exist because centralized are more promoted by the government since
they can monitor transactions. This has been the nature ever since so it's hard to eliminate what is getting used by people as they have trust on it.

[Sypher902]

Bankers will always be here, in one form or another. The rich will find a way to have some sort of control, this is a given. We are smaller whales in the sea have to hope they work with the current market and not against it.

[Pikono]

Saya yakin bank akan terus ada, kita tidak mungkin menghilangkan bank sebagai penjamin keamanan aset kita .pasti ada rasa khawatir jika kita menyimpan uang digital kita sendiri.

[Cryptolupus]

I do not think banks can be eliminated, they are too powerful and people are used to work with them.
But they will surely have to update themselves, if they want to survive.

[ikipiye]

I think eliminating all the banks can not, because the government will not all that happen. because They do services other than transactions like getting deposits from customers and giving them monthly interest for it and also lending money as loans to people.

[KrisAlex18]

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/

We can all see that bitcoin is rising very fast nowadays so there is a large possibility that bitcoin would sooner replace all the banks in the world. If you would compare the two, you can see the advantages bitcoin has over banks. In banks, the increase of your money is very slow compared to bitcoin. It is also more convenient compared to banks since you can access wherever you are so people would surely go over it rather than banks in the future.

[ArnoldChippy]

Bankers will always be here, in one form or another. The rich will find a way to have some sort of control, this is a given. We are smaller whales in the sea have to hope they work with the current market and not against it.

Yes it is not as easy as we think, banking system will expect and will operate even if bitcoin become so much common throughout the world. Although people will reduce the use of banking system but still it does not mean that it will totally eliminated, because people will continue using fiat along with bitcoin, so banking system is going to stay for a long long time.

[IMAR]

I don't think it will happen.  They will not allow it for sure. But if the crypto trend will be fully accepted by the masses and bank will lost its value in the eyes of the people then owners of banks and its big investor will always knew how they could be part of the digital market for them to sort of control it.

[knight20]

No not totally to eliminate it. Where we can convert our bitcoin if all banks are eliminated. How could we get our local money if we can't withdraw because there is no bank left. Maybe in the future that digital money is used and everyone is using it. That is the time paper money are eliminated.

[Magister Magus]

I do not think that we can eliminate the banks, given the financial power they have and the fact that people are used to access their services.
But surely they will have to change their profile and offer different services, maybe supporting crypto.

[rockstarr]

We cannot predict the situation if the banks are eliminated because of bitcoin. In fact there's a lot of people and countries not legalize nor accepting this kind of currency. They are still using the current kind of money which we can get in the bank.