Is banking still important in the bitcoin era?

[exalterego]

Banks are regulating institutions, so there will be a complete chaos without them, as most funds are concentrated in banks.
It could take a long time to drive the greatest majority payments to blockchain (I would say like 15-20 years), and don't forget that blockchain still has some restrictions like the speed and cost of transactions.

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[jpnl0003]

I totally agree with you the bank is still important in the society today, the bank still play a vital role in the economic development of most countries today.

[Nick Abimanyu]

The Bank's still very important to me, in the conduct of trading and investment activities, namely as a means of financial transfer to the purchase of assets in the form of crypto or as a means of finance from the sale of crypto because so far our country forbids if the cryptocurrency used as a method payment.

[MCVXYZ]

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

The fact that there are too many people who want to take a big(millions of dollars) loan the bank is still useful for them and for their business  purposes,but in another situation there is also a good environment to forget about banks,because bitcoin give advantage which doesn't have bank...But everything depends on people's purposes,how we value it,I personally don't like banks because of really high fees,etc..Anyway I would choose it...

[lokanot0]

Banks has existed for centuries, so they are very important. I think there is no immediate threat them on the growing world of cryptocurrency, if there really was we would see them first hand complaining about the latter's existence.

[MCVXYZ]

Banks has existed for centuries, so they are very important. I think there is no immediate threat them on the growing world of cryptocurrency, if there really was we would see them first hand complaining about the latter's existence.

Despite the fact that there maybe the need for the bank loans,when for example there exists very innovative idea and someone wants to make it real and he needs to take a loan from the bank,I personally don’t see problems,but when we can use bitcoin and other decentralized projects ,why do we need to use banks? Why do we need to send our funds via credit cards and not by bitcoin? I can’t understand..

[chel0]

Totally yes.Banking plays important role especially for safekeeping of our extra money or credits.And besides they can offer us a huge amount of money if planning to run a business that needs big capital.Although we can have that amount if we work harder in our crypto but still banks remains as it is because both bitcoin and bank have different functions.

[Kakawate]

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

I think banks would be part of the bitcoin ere, banks has always been with people since a very long time, and as I know it, they are made as a partner fkr people, for safe keep and a helping hand, if we are approaching the bitcoin era, I believe, that banks are sure to take a part of it and will go together or along side with this new system.

[Colt81]

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Yes of course. Even Bitcoin era was a total fast rise nowadays, banking system and banks are still important and useful for a certain country because banks do establish the financial balance and the creation of the country's national currency to take hold. Added by the fact that many people are still lying into banks due to its own unique services offered in which Bitcoin may not offer. Banks will totally be possible to be part of Bitcoin rising era for those people who tend to earn in terms of Bitcoin but wanted to do exchange it in terms of cash for those place who are still into using cash despite of Bitcoin's wide usage.

[ACVinegar]

Definitely yes, because if the bitcoin and bank combine it easy to many users to in cash their balance in their wallets. Moreover deposit and withdrawals will because more easier compared to current, because as of now we need to find stores where they buy bitcoin. Actually I was encountered stores who giving high amount of charges thru small amount of transactions of bitcoin. That is so unfair to us.

[BagzMM]

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

I think we still need the Banks as they had a big role in our economy. The Banks will have their own crypto to continue their business. Although people that has bitcoin or crypto will not necessary have a bank account as we can store our funds to our wallets.

[Elkafi]

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

of course, The Bank still importan in the bitcoin era, The Bank will still play a role as usual.maybe The bank also create a new crypto.

[heartwreck]

Yes it is, because i also need bank to transfer an amount before it became bitcoin.

[Aleth]

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

Yes i agree, bank has still a very significant role in economic growth so even if crypto are already around banks are still present for investments and transactions purposes.

[Pumapipa]

Back still serves as a great way of storing money in the long run. I hate we can be secured knowing that our hard earned money will be in a safe place. You really cannot remove banks from the equation. Because like what you said this is very traditional. As the bitcoin era is rising, more and more banks are actually adapting the use and slowly incorporating some of its technology to their systems. Banks are still important especially those who earn big in cryptocurrency because they will still need a good place to store that money.

 

[maxreish]

Of course the Bank is one of the most important establishment in any country in this world, If there is no bank in one country for sure the economy of this country was dead, because banks have a very big role in economics growth.

[Ronaldcoin2017]

Back still serves as a great way of storing money in the long run. I hate we can be secured knowing that our hard earned money will be in a safe place. You really cannot remove banks from the equation. Because like what you said this is very traditional. As the bitcoin era is rising, more and more banks are actually adapting the use and slowly incorporating some of its technology to their systems. Banks are still important especially those who earn big in cryptocurrency because they will still need a good place to store that money.

 

I think bank is still important. Because many people around still trust in bank rather than bitcoin. It is all maybe because bank is already used in a decade and from the start bank is the most safest storage of our savings. It is a traditional saving states. I believe many people around deposit their saving on banks for good. However it is our own choice we can choose bitcoin and bank depending on what we are all wanted.

[biuifyus]

A country's economy still needs banking today, and Banks will not be shut down by bitcoin in the future.

People are still happy to use debit and credit CARDS.

[MaoDio]

Based on the current cryptocurrency development stage fiat banks are very crucial for the whole market to function.

Without the ability to convert crypto to fiat currency most people wont be able to either trade or purchase any currencies at all.

Very curious about what will be the decentralized trustless system to receive fiat money or an equivalent.

[hongtham]

Of course, because banks are the largest and most flexible source of funds, there is no need to wait for long-term capital mobilization.