Is banking still important in the bitcoin era?

[Big Show]

If later bitcoin increasingly supported by many parties, I think the existence of the bank is not important anymore. Why? because bitcoin offers transactions without third party interference, no middlemen and no cost cuts from third parties.

[inooll00]

My opinion is very important, the bank is the agency that manages fiat finances. Both the state and the population will need for more stable asset storage.

[BarbusseH]

The Bank performs the functions of assessing and calculating the risk of non-repayment of the loan and setting an appropriate rate for its repayment. When borrowing through crypto currency, you need to have some kind of collateral. So the banks will continue to exist for a long time.

[marsmyname]

Why do I need a bank if I have a crypto currency? What does the bank have to offer such that it can not do this crypto currency? Banks only create unnecessary problems. They are completely subordinate to the states. Crypto currency allows you to transfer unlimited amounts of money quickly and without regulation

While I agree with this you must understand that we are an exception, most people are not ready to stop using banking services just because something new and better has appeared, you need to understand that many people accept things just as they are, they do not think about new ways of doing things, so as long as what they are doing works for them they do not have any reason to try any change.

Crypto is just a currency and you need different places for different services. Banks provide us not only security for our deposits but also give us many services. No time to explain all services but there is big different in cryptocurrency and banks. There is no comparison between these two. Both have their own values and I never want the banks to crash.

[molenracing]

Banking has the function to manage conventional money, and Bitcoin does not need it because Bitcoin is decentralized and peer to peer transactions. If at any time there is an era where Bitcoin is in power and Conventional money is dead then Banking is no longer needed, unless Conventional Money is still in bitcoin era so Banking is still important and needed to manage all that.

[potatocorner]

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?

Well, I don't think that because of bitcoin and other crypto currencies, banks will be removed. Still, everyone of us is using our local fiat money, and we use this in our daily lives. Banks are still necessary nowadays, and it is still important. Don't be so complacent about bitcoin; transactions online and traditional transactions are important for us as we still rely on our fiat currencies.

[websoftwareengineer]

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 that banks should only exist for people who are not capable of earning cryptocurrency because there will be a hard time for people who are not financially stable on their life and banks should be existing because of them.

[GrayFullbuster]

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 banks can solve different financial problems. There is balance in our society because of banks. I am sure that people will continue to use banks because banks have important role in our economy.

[Afkfarm]

I think that banks are important and that the crypto currency will affect banks in a way that will force them to cede to customers. The main trouble for us in banks is that we do not have an alternative - a monopoly. As soon as it appears, banks
it will be necessary to do something for control on the crypto currency, and this is unlikely to work out for them, will only have to go to our meeting

[Stephen1989]

until now bitcoin still need bank to deposit or to withdraw money from our bitcoin wallet, because if without bank we can't do both. Unlike the case if bitcoins have their own banks (like traditional banks) it's certainly they (traditional banks) are no longer needed for bitcoin users or cryptocurrency users. For now it's a bit of a possibility for bitcoin to make banks especially in countries that still forbid world of crypto (mostly developing countries) maybe in the next few years will come true.

[fight-T]

I think the existence of the bank is very important in the bitcoin era. Because banks are involved in economic reforms, basic economic indicators such as GDP, import-export, investment,  State budget revenues and expenditures, social evils and people's lives have been improved.

[KathyCat]

yes i think banks and fiat in general are still important.
when the day comes that ill be able to go buy bread in my local supermarket with btc (or any other crypto), that's the day banks and fiat will be irrelevant

[talenah kotang]

The bank in my opinion is still very important, the bank is a place to save assets .. banks facilitate us in terms of taking money. what if no bank, how a country manages state finances.

[Ca.ming14]

In my opinion i still need a bank, i can use the bank as storage of all my earnings here Like a volt it will serve as my back up storage.

[mylyn2327]

Yes banks still important even in Bitcoin era, some will still keep their money in banks. Bank's have a very important role in our country so no matter what banks will still be there.

[Red Fish]

Banks hold the world money and Bitcoin is still very small niche in the whole world finance. Bitcoin users are relatively small group and therefore banks will play major role also in the future. Major players in finance are USD and EUR currencies.   

[markk94]

Bank definitely still important in this bitcoin era, because in my opinion that banks are the medium for us to get the fiat. Bank's saving service also important for many people too in each different country. I think that bank could walk together with crypto. Crypto for international transaction and whatnot, and banks is the medium for each country.

[brotherwood12]

for now  the answer is yes , because bitcoin payment for something is still rare , and we need it to convert our coin into Fiat
but if bitcoin payment acceptble by everyone , bank have no power

[meatygeiger]

Banking is needed by the society and there are many countries who are not using bitcoins.

[jennygamilo]

it is still very much an impression of bitcoin overpriced and especially in countries that do not accept bitcoin because the bank helps to safeguard and safeguard the country's currency that does not use bitcoin. that's just my opinion