Is banking still important in the bitcoin era?

[VeeraS]

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?

banks will always be an important part in real-life human beings. although today many digital technologies like crypto are innovating into banking. but not necessarily will undermine the banking disebuah country. this is not like that.

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[kurdapyo]

banks play a vital role on us because almost of our money or a huge percent of country's money is in the bank. They provide and control the incoming and outgoing cash transaction

[Shakawat]

bank is the main medium of transactions is any country. starting form the highest level of the country. the main trading of the lower class is the medium of this bank system and a bit of the people of bitcoin. and the bitcoin is used as it is because bank will be of serious biography.

[charlotte04]

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, Bitcoin is unique, but we also need the bank yet. Example: If you want to buy a car, would you want to get it in cash or by mortgaging?

[Lyne01]

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?

Banking system is still important yesterday, today and in the future. Not all people are doing bitcoin, only few percentage of people are actually using bitcoin, so mostly are still in the traditional way of sending and receiving system, which is bank ways. This is also the most secured way nowadays.

[irenegaming]

The bitcoin era is yet to come, its not even legalized yet, but wi'll get there, Banking is a very important institution to national economy, not everything can be free of control as bitcoin, some other sectors still need regulation, taxation is still very necessary, planning and determination of the national budget is still needed and determining a country's general economic growth is still necessity.Banking industry therefore still has a lot of roles to play.

[GC2263]

Bitcoin is a 'currency' which is not equivalent to a bank role. So i believe bank is still very much important and needed. Until the day some kind of 'crypto bank' created, normal financial institution will still exist and very important. Todate, selling your bitcoin/altcoin, you still need to withdraw money from bank. exchanges doesn't really hand you the money.

[kier010]

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 our current time banks are still important and banks are mainly used in a country. not all people/companies accept bitcoin as payment. most/more people have their own personal bank account and many are still not aware of bitcoin.

[jcarlo]

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 am believe that banks still needed even market in cryptocurrency rising. Not many people understand about bitcoin or cryptocurrency and some people have traditional thinking about financial or economic.

[vinz7229]

it's still important it will provide you cash for daily needs like for transportation, expenses, and also daily needs. it can be also a fix saving of money it doesn't decrease on its value not like cryptocurrency it change every time.

Bank is bank even the most richest person on the universe would still choose to stored he's/her wealth at the bank, the reason is, even if they will not monitor their money everyday they are confident enough that their money is in a good hand and it has an stable price, this means the amount that you deposit will remain at ease, so bitcoin is only good for investment but not in storage place.

[nick_nick]

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?

Banks are still very important even the era of cryptocurrencies. Lets not forget that Bitcoin and other altcoins are not wholly accepted for all forms of transactions; and again the concept of blockchain technology is known by many and can only transact through banks

[redhondaxrm125]

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?

Without the banks, the world will be in chaos. Banks are very important and losing it would mean losing the back bone of the current world that we are living in. All the people who want the banks to disappear immediately and are saying that it should have never existed are just stupid in a higher level. Yes, I love cryptos, yes, I love all the innovation it gives and has to offer, but I do not love it that much that I would choose it over the banks. But hey, why would we even have to go there? To choose when we all can obviously use both to our advantages? Something to think about.

[worle1bm]

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?

Banking system cannot be undermine inspite of bitcoin gaining importance in future because it has its seperate entity and provide services to society like providing loans and legal cash required to fulfill daily requirements of ones life.It has build faith over the society and btc on the other hand being decentralized mode of payment which is future of transactions cannot dilute its importance.Banks are here to serve for long period and provide services to customers. They are financial institutions of country and in their absence there will be chaos and no proper functioning will be there.

[PonPonchik]

Bitcoin is a currency, it follows that the bank is very important and necessary.

[PhucS]

Yes, I agree with you. We are approaching the 4.0 technology era, the development of blockchain technology as well as the excellent growth of Bitcoin has shown very good signals in the economy. But the role of banks is still huge, they can regulate the economy and maintain economic stability in each country. Banks are also essential for the elderly or those who do not know Bitcoin, because they will be directly solved or supported about finances. This is just my opinion

[harimauagam]

What matters if there is no banking how to change the ETH to earn money, it is just a delay of transfer but still afraid to join bitcoin by banking because the state has not yet admitted about bitcoin.

[Marry Finch]

Bitcoin is a universal currency that eliminates the main minus of ordinary money, namely the absence of a central apparatus.
The issue of bitcoin does not belong to anyone. Anyone can get bitcoin like gold. Bitcoin ensures the availability and guarantee of the safety of your funds, as well as information security.

[dollarneed]

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?

For now bank is still important, very very important even though we don't like the bank it doesn't mean we don't use it, i can't deny that i can't live without bank I can't buy a coffee with bitcoin but i need fiat, i have to convert the profit that I've got from trading to the fiat through the bank, just be honest Bank is very important. I'm wondering if there someone here can live without bank, i mean transact in real life?

[gamechangers]

Banks are still important in my country since we can't buy good yet with bitcoin. You  need to first convert you cryptocurrency to fiat currency through an exchange that will credit your bank account and from there you can spend. I am sure this is not so in the developed countries.

[just_Alice]

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?

Banks are still very important institutions in any country, they make serious contributions to the development of the economy by promoting business. Banks also endow to the development of savings plans and are instruments of the government's monetary strategy. In modern society people are used to bank deposits and loans, cryptocurrencies today can't provide such functions, but they may be able in future.