Is banking still important in the bitcoin era?

[rhamdy]

Although currently the use of Bitcoin and altcoin has been highly developed in various countries the Bank System remains important.
I see many people in various countries still depend on the Bank.
Not everybody transacts with Bitcoin, Even for countries that prohibit the use of Cryptocurrency Banks obviously become their choice.

[1715151299]

1715151299

[Uno17]

For me even if we almost don’t earn interest in the bank, i still say bank is important to us and to every country in the world. The traditional and safest way to save your money and no worries to think. Banking is the most  legal way to transact money circulation all over the world.

[RuthaRubenstein]

Atleast I wont quit using banks because there is hardly anyone in this world who gives you additional money on the amount you secure!

[imking]

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?

Bitcoin can replace the money? Of course, No. My final answer to your question is Yes, Banks is still important in this era. Money "fiat" have a big role in our society that why we still be a bank. Not all individual using the bitcoin. It still banks are important because we fully trust, and our money is secured on the banks. I am not saying that wallets are not secured. This the reality in this world. We can borrow funds in the banks not like on the bitcoin.

[Ishiro5]

Banks would even be much more important if they can embrace cryptocurrency reality and carve a niche of relevance for themselves in that space. But i bet their taskmasters and co-conspirators would not allow them to do that until it becomes a must.

[JumpHIGH]

Yes. Crypto coins needs banks in order to store huge volume of coins in safety and big storage. I think it would be more important to have banks on that era. Banks are necessary for us in the future.

[hacking13]

Banking cant be scrapped yet. The banking system is still important because there are still many people that are not into the bitcoin world or even know what it means. The banks will still save our money even after we convert the altcoins because there is still no available platforms to spend all these cryptocurrencies

[sarjilcse]

I think banking is still important even in the bitcoin era especially for all business establishment that immediately need cash and because not all are involved in cryptoworld and some of them don't understand crypto so better we still need banking.

[Cryptoproff]

As long as economy exist banking is important but there will be a revision to conduct a greater transaction and this maybe influence by crypto, forcing the bank to improve the service.

[logicgate]

I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.

   Banks play an important role for a country as you can say banking is the backbone of a country. It is very old system and now it has become the most important and valuable financial institute. Yes banks are still of great importance in Bitcoin era because Bitcoin is new in market and it will take sometime to disturbed banking system as well. Still banks have value you can easy create an account and make any transaction easily to any country. Another important thing about banking is that is collects taxes which Bitcoin do not.

[BlackBeauty]

I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.

   Banks play an important role for a country as you can say banking is the backbone of a country. It is very old system and now it has become the most important and valuable financial institute. Yes banks are still of great importance in Bitcoin era because Bitcoin is new in market and it will take sometime to disturbed banking system as well. Still banks have value you can easy create an account and make any transaction easily to any country. Another important thing about banking is that is collects taxes which Bitcoin do not.

Yes banking is still important in bitcoin era because we can get bitcoin payment is through bank world wide, so without banks we cannot business dealing to others and that's why our money account safe in banks otherwise it will stole from our houses, so bank has important role in our life.

[PokerStein1]

Banking is really important for Bitcoin era because if we want to sell some bitcoin and get money we must use a bank. We still can't spend bitcoin in everywhere. But if we can spend bitcoin in every store and place banks can be useless.

[basyang]

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, Bank is still very important when it comes to money. According to @logicgate banks play an important role for a country even though it is a old system but still this is the most important and valuable financial institution. Banks is important in bitcoin because we can also invest and save our money their. Banks will exist as long as the economy was stable.

However, not all of people used bitcoin and they still banks to withdraw or deposit their money. Banks will never be scrapped until people need it and convenient to all of business owners to used banks in their transactions.

[dark1234]

in the era of bitcoin is getting more advanced and began to know the public a lot. bitcoin still requires banking in our daily transactions though many banks still behave neutral because follow the rules of government but can be sure if in its development bitcoin can be accepted by 80% country in the world then it is certain banking will use bitcouin one of the second transaction tool after fiat in the loan system or otherwise

[Tiger Junk]

I think that yes. Banks will always play a significant role because there always will be people who wants to store their money or to get a loan etc.

Banks is very important in this world or in this economy so for me banking is will still exist in this world even in the bitcoin era and i know that banks will never dissapear in this world because all of the holders of bitcoin needs banks so they convert there bitcoin into fiat money.

[Roksodhon]

Banks will exist until whenever because the government support them even though digital era has beginning. And the bank has its own role in a country. So even though bitcoin transactions continue to rise but I'm sure this has never reduced the role of banks.

[lestariptr]

Of course. Banking has an important role in a country. Banks can be dealt with by the government and can also manage taxes and others in a country. So that's very important. Banks can also advance the government in my opinion.

[The_Dark_Knight]

Banking is all about the financial administration, without banking none of the government will function in a better way. Maybe they have flaws in the functioning, but they're much in need for a country and other needs. Even now bitcoin has got dependence upon the fiat system, which shows the need for banking.

The definition of banking if people missed it is "the business conducted or services offered by a bank." , and most of these services mean transporting and conserving your money in total security , yet with the blockchain technology and the Ledgers all of this can be done without any need of any banks at all , yet the "banking system" is still there even if there's no bank at all . So like bill gates said in 1994 , we need banking systems but we don't really need banks and thanks to the blockchain technology such statement can turn into reality .

People are simply to used to the way things work, technically we could replace banks already but we must also understand that banks are some of the most powerful entities in the entire world so they are not going to let themselves be beaten just because of the development of a new technology, but I think in the future probably in many decades there is the potential for bitcoin and cryptocurrencies to replace them.

Banks are the safest storage of our wealth and are geney trusted by the public and it will not be taken out from them. They also serve as the another very important purpose involving the creation of money, Banks are more than just financial intermediaries, they are in fact crucial to the functioning of our economy.

Banks are not the safest way to store your wealth, they can steal everything that you have worked so hard very easily you are trusting them that they are not going to abuse that power but unfortunately they do it all the time and second they are crucial for the economy but only because they have deceived everyone into thinking that they are crucial, it could be completely possible to run the economy of the world without banks.

[laravuemaster]

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?

In my own opinion, placing money on the banks is not important since cryptocurrency is already profitable on its self so the best thing to do is invest on cryptocurrency more than starting a bank account.

[cahgantenx]

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 are still an important aspect to save money for the community. Mind the current society store in the bank is more secure than storing in the virtual wallet. Because most still do not know what the advantages of cryptocurrency