Does bitcoin pose a threat to banks?

[Drakula]

Banks should not look at bitcoin as a threat because it could serves as an asset for them that they could used to develop their own system in transaction and investments. It could build a good connection on the both side that could make a good improvement on the system of banking associated with the blockchain system in transaction in the market of cryptocurrency.

I agree with you there. No matter how succesful bitcoin will be, bank will still remain. Since bank are intermediary with people and their dreams for future, it provides safety and stability. Even if bitcoin is somehow close to banks, it won't disrupt the financial flow.

[AniviaBtc]

For me, the bank cannot disappear because many big companies invest there. Some people used the bank to investing and transaction too. We also used the bank to cash out our bitcoin. Bitcoin is still not threat to the bank. Because like us, we needed the bank .

[jademacoy]

No not really instead bitcoin could add more bank transactions to be made as we all know buying bitcoin may consider bank transactions from fiat money to crypto exchange and from crypto to fiat money. This will more likely to add active transactions between bitcoin or crypto and the bank. So there is no worry with the banks since they are also involved in the transactions. So it is a win win situation between banks and cryptocurrency as we all know after crypto transactions it will end up with selling crypto and getting money from the bank.

[kinzey]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

In a way yes they pose a threat to banks as people may invest in bitcoin rather than investing in banks as interest rates are very low in banks. As for Bitcoin the returns are just uncomparable and the time frame is just to hard to ignore

[19Nov16]

Any type of financial system that does not use or relate to the banks will certainly be a threat to the banks, with bitcoin everybody free and can control their finances so that if bitcoin gets popular then everyone leaves the banks and leaves the banks.

[ClaraLuV]

The mass adoption of new innovative invention in the financial industry like the bitcoins and other crypto currencies impose a threat to the banking system as they have brought a revolutionary change in the financial industry and people prefer using the new methods of invention rather than the traditional ways  of the financial industry. Banks have hidden taxes and service charges and people does not have control over their finances whereas with bitcoins it has changed the way how people could use their finances according to their wish as and when pleased without involving third party approval for transacting world wide.

[kalstarzz]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

you are right that the bank will actually disappear when bitcoin is in effect worldwide, if the bank does not fix itself then they will lose their role if this is not they want then the bank should add their function, for example, to be exchager or others.

[troglobait]

At the moment, I do not think that bitcoin represents a real threat. But in the future it is possible if this technology becomes really solvent. While this is just an asset. Which takes a small share in the world market

[Nunii]

Bitcoin is a possible threat and most probably, its developers will create more innovative aspect which can pose more threat to banks. Honestly, the continuous growth of blockchain technology will dribe us to a more techie yet efficient econimics, its just a matter of timing.

[BlackPanda]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

you are right that the bank will actually disappear when bitcoin is in effect worldwide, if the bank does not fix itself then they will lose their role if this is not they want then the bank should add their function, for example, to be exchager or others.

There has to be something interesting that the Bank will not miss its customers, it's like an attractive promo as well as many other sophisticated features. If viewed from the sophistication of the blockchain technology used by Bitcoin is an extraordinary thing. If this is maintained and no changes made by the bank then the Bank may disappear.

[Justinalex]

of course this is a threat to banks, as many countries use bitcoin. maybe banks can be defeated with bitcoin, in fact, bitcoin is now becoming more popular, I think, banks are now afraid of the current digital currency.

[safarabela]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

Yes, crypto can be a threat to banks, because many of the investors are investing their money in crypto, because they think crypto is more profitable.

[ExtremeFacials.com]

In my believe I think that bank will use all their experience and wisdom to adapt to bitcoin if it will became a currency used in whole world.

[kangbasir]

The emergence of Bitcoin as a real threat to the Central Bank, reaps a lot of controversy around the world.

[A Fahriz Thiago]

Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?

I think the bank will disappear is not possible, because the government always make new regulations if there is something that concerns about the financial industry in order to be monitored and always observed its development.

[JoshuaBlack1]

I don’t think bitcoin threatens the banks, however it’s a threat to how they are operate. Blockchain and bitcoin have the power the change the industry dramatically over the next 10 years.

[Friskaadew]

Looks like bitcoin is hard to be a threat to the bank. Banks have slightly different functions and roles than bitcoins for now. So bitcoin runs on its own, as well as with banks.

[Larrycool]

It is very possible due to the fact that, most investors now transfer their capital to the Crypto market. Few people send money to banks, because bank interest does not help us as rich as investing in BTC. This is a threat to the bank, a serious shortage of capital. And loans are also declining i.n every possible way

[oginiimaoyani]

Yes it's a threat to the banks more capital move from bank to the crypto community because so many investors now understands the profit one can make from the community than banks.

[hasimkamal]

Yes bitcoin poses a threat to banks. As banks are one of the most powerful organizations in the world, they are continuously putting on pressure on government to ban it.