Bitcoin is it the Future of Banking ?

[biskitop]

overall, i think not. this time alone, bitcoin is only used as a medium to get profit, not really as a means of payment.

[Reena28]

Don't think so that bitcoin will be able to replace fiat in the banking sector. Yes bitcoin has other important uses and it could be used as a source of payment. But still it has a long way to go.

[Sembadapuja]

If bitcoin replaces fiat money completely I think it can't. If this condition continues for a long time which is bitcoin has expensive transaction fee, I think it will not happen. bitcoin also has no physical form, I think bitcoin is more suitable for long term investing place. Nobody can replace the money transaction thru bank, because the bitcoin currency is unstable. That's my opinion

[Snaic]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

It's probably a joke. Bitcoin is the future of banking. What does bitcoin have to do with banking? Absolutely none. Bitcoin in general should not be allowed to banking, otherwise the banks will disappear for sure. Banks and high volatility - the concepts are not comparable.
For the same reason, bitcoin also can not replace national money. I think that no state will ever decide to replace its national money with bitcoin.

[tkaush]

I think that can happen for some extend but don't think it will replace every fiat money in the world because due to it's decentralized nature governments have less control over bitcoin which makes them help less when calculating taxes of there citizens, keeping tracks of transaction for many significant tasks for financial purposes in a country but I think it will become a globally recognized intermediary banking system that allow anyone to use and make profits from bitcoin

[SK funky]

Yes, cryptocurrency is not a passing fad but a genuine innovation in money,it's a peer to peer exchange ,so there is no question of better banking system than cryptocurrency

[swabelang]

Well, for me its absolutely no. Maybe they have similarities like in investing, but there are things they differ to each other. Bitcoin and banking have different goals. So, bitcoin is not the future of banking.

[tobreak007]

It will cause more problems. The future has not been told so many things can still happen. We will wait patiently and keep faith in this industry. Some deals are better online and through bitcoin but there are some that are better to keep as fiat especially when it's too small.

[xena2]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

it would be nice if bitcoin becomes the future of banking.  Cashless,  hassle free and convenient way of transacting.  Where you don't need to make or use energy or cash for it to work.

[HumberRoll]

bitcoin is different from banks in terms of function and ideology. Bitcoin and Bank are different purposes, if Banks provide services and utilize customers, whereas bitcoin is only used for investment, trading and bitcoin does not take advantage of users

[Derizo]

Bitcoin is not currency of single country nor it exist like gold or have any physical apperance. So in future if any country or group of countries announce bitcoin their currency then chances may arise for use in banking. Rate of bitcoin is not under any single country or World bank.

[stayeduptolate]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Bitcoin and all other crypto currencies are the virtual currency and their  no physical form exists and I think this is the most revolutionary change in the world of economy and there are very much possible vibes that it will possibly replace the Fiat currency and the time will come when bank is also going to transact through bitcoin but there are more chances that banks will show least interest in bitcoin as its physical form don’t exist so most of the people can handle their bitcoins by their own.

[Ayiranorea]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Bitcoin and all other crypto currencies are the virtual currency and their  no physical form exists and I think this is the most revolutionary change in the world of economy and there are very much possible vibes that it will possibly replace the Fiat currency and the time will come when bank is also going to transact through bitcoin but there are more chances that banks will show least interest in bitcoin as its physical form don’t exist so most of the people can handle their bitcoins by their own.

Maybe in the future banks will make use of bitcoin for the faster transaction needs. The growth happening with bitcoin is phenomenal and it clearly portrays the success of bitcoin into each and everything it got used. Already banks have begun to adopt the technology behind bitcoin and in future bitcoin might also gets used.

[stefy77]

The future's banking is with bitcoin, I am sure.

[Naitik]

It is very hard to replace a banking system because not everybody is well aware of the use of bitcoin. And it is not easy to operate for a well educate perso because everyone is afraid of being hacked.
So in my opinion bitcoin will not going to extinct banking system unless until it is fully secured.

[ImTree]

It's not the easiest question to give an answer on,  but I would say from what I know that bitcoin is not even close in development process to became a real threat for existing payment system.

[Prince Malik]

This is what we wish but this is Unfortunately what will maybe not happen...governments still against crypto and i don't think that they will stop their war against bitcoin

[jak3]

No, never it is impossible, I clearly do not want to see cryptocurrency with banks those are both opposite competitors. They both provide completely opposite features and I am in cryptocurrency because it allows me to earn and spend money freely but we also need banks because they provide much more private transactions. It's just like private versus public transactions and we need both of them. But you can't add them together.

[bjmpoker001]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

If we look at the current fiat banks in the world, they are still not using cryptocurrency.
Cryptocurrency bank will become an interesting option to us, when we can saving our crypto like saving fiat currency to gain passive incomes.
If cryptocurrency volatility become low in the future, it may replace fiat money.

[poldanmig]

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

all may occur along with the development of technology and the times because we also know that bitcoin using technological progress to access it does not close the possibility will adapt to the existing bank system