Bitcoin is it the Future of Banking ?

[Handa]

yes that's true, Bitcoin is becoming the new face of banking system in World . The Only problem is the scam fraud and hacking of online wallets which is a big thing to worry. Also in many countries where bitcoin has been restricted, the people there are not getting much awareness of present conditions of the cryptocurrency so they try to only prefer banking system as the money source . Bitcoin use is increasing but somehow its not really can be used as a banking system

[Veterock]

Blockchain will be a future of Banking! Bitcoin is a temporary toy, and blockchain is a technology of the 21 century.

[lumon2112]

I think, so tak mozhe could settle for a while not sooner ajaz bagato kraine brakey tsey protsi i budutt shche dovgo braking)))

[Pejoh Asu]

I'm sure that the future of the transaction system is fully controlled by the users, there is no dependency like the bank so I'm sure that someday the transaction system will be like a bitcoin safe, cheap and certainly faster.

[Tylev]

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

Do not make me laugh. Bitcoin and banks are practically incompatible concepts. We can say diametrically opposite. Bitcoin can not by its very nature at least partially perform the functions of banks. For example, to lend to individual sectors of the country's economy, on the instructions of the government to monitor the implementation of the country's budget, to support the course of national money and so on.

[rancidgash]

It is true that btc will play a very vital role in bank economy but it may not be the substitution for banks. it is only another method of transaction.

For me it will be just another way to purchase things next to cash, banks will not have anything to do with it, for me it is just a perfect technology which will be living its own life in future.

[Adeforever]

Will be difficult to replace money transactions.. Bitcoin is for digital currency i e online transaction while money transaction is for hand to hand transaction.

[taeewo]

Ohh yes its the future of banking which will be the solution to all our online  payment and transfer of payment from one country to another.

[Dangdingdongbray]

In my opinion,the future of banking is not bitcoin,but the more precise is the blockchain.As we know that bitcoin can not survive without blockchain whereas blockchain is a self-contained technology that can withstand the absence of bitcoin.I am sure if this blockchain will one day be able to replace the position of technology that is now used in the banking world.If banks use blockchain technology then customer transactions through banking will become easier and faster.All banking transactions can be quick and easy. If the bank can get a blockchain then I am sure if the banking world will grow more advanced than the current one.

[Birin016]

Actually right now blockchain technologi already in banking system. But for the cryptocurrency replacement issue, i think a little bit difficult. As you know that there is no one control the cryptocurreency market value right? It can be a big issue. Other thing crypto money wallet is unsecure. That’s why many country hasn’t allow the crypto money because of those issue.

[gidaahmad]

Bitcoin is not something that smells of banks. And Bitcoin can be a substitute for fiat, but only in the online world. At least there is an opportunity for Bitcoin to be the choice of payment tool.

[mekie]

No, but the technology behind it may well be. However other advances such as quantum computing may well meen that Bitcoin etc will need to adapt to and change over time. Governments wont allow Bitcoin etc to replace fiat as they would lose control.

[princeyeboah]

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

I do not doubt the fact that Bitcoin can replace banking in the future. As Bitcoin offers a lot of significance than the banks and moreover works in favour of the people, it has got all the potentials to win the interest of the people in the end when they get to understand the real concept behind Bitcoin and the Blockchain. No one will prefer to transact with the banks by then.

[nesis67]

I do not agree with you,our government will strongly disagree because they can not let everyone use money freely or use whatever they want for things that are very bad,the government wants to control the money or set it up to avoid bad things that sort of thing happened.such as money laundering and so on.As a tool for storing values,Bitcoin has little standard-an uncertain price fluctuation that makes it difficult for Bitcoin to be a reliable storage facility. Finally,as a measure of value,this is still controversial.

[hdtqisg]

Blockchain is the future of banking!
Not a bitcoin! Bitcoin can be replaced by altcoin! But Blockchain technology will change the way banks operate!

[Max_fee]

Im not sure. I just think that it can not happen

[pedangrusak]

cryptocurrency is a kind of electronic cash that can be sent directly from one person to another (peer-to-peer) without going through financial institutions or can be said bank. Generally if we want to send funds or money to others, of course, must be processed through the bank, because here the bank serves as an intermediary. with the existence of this crypto technology, a payment is made directly without an intermediary through the network. Transactions conducted between two parties in a network are then verified through a specific encoding process or cryptography

[yitzjoe]

I believe bitcoin will ultimately replace fiat in banking by 80% in the near future. The bankers are only postponing the doom day of their walking dead fiat. Time shall tell.

bitcoin in the near future will replace my own fiat position still disagree because bitcoin as a substitute for fiat still needs much improvement. bitcoin has not been a common means of payment until now because it is still completely new to the world and the rejection of global banks is beginning to be felt, plus many big countries are finding it difficult to accept bitcoin for many reasons. Bitcoin is generally used for investment and trading needs and nothing more

[josephpogi]

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

its the future of banking because some big banks in the industry are already considering to implement the use of blockchain technology on their system.

[ParveZ219]

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

Bitcoin country place flats or any country's national currency but it can be the common currency between all the countries as like Paypal or Western Union is.... And yes there will be specific banks for Bitcoins where you can store your Bitcoins I don't think the normal government banks will take care of your Bitcoins.