Is banking still important in the bitcoin era?

[ArnoldChippy]

The role of the bank will always be important until whenever, this is because the bank becomes the main pillar to drive the economy, the bank will exist anytime because it is fully protected by the state.

Yes we have to accept that fact that the role of banking is still important in our life, in fact still majority of people do not know anything about bitcoin and even they know about it and using it but still they are not in condition to use bitcoin for everything for which they are already using fiat currency, therefore they are using bitcoin as an optional currency, and that is the reason that the use of banking system is important in our life.

[1714051899]

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[PatronRH]

Yeah for sure banking can be present when the currency is bitcoin money banking functions arw still possible with bitcoin like depositing for investments lending money ...

[shiki3226]

I believe that banking will still be relevant even during bitcoin era in order to secure our assets and make the profits grow.

[Vness10]

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 important because not all people are using cryptocurrencies so we need to consider some of them that need banks. And I know some of people in crypto us still using bank especially if you earn a lot of money in crypto.

[Ranly123]

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?

Ofcourse bank is still important and always will be. It is the foundation of financial stability of a country and also a means for investors to save and store their earned money whether from traditional investment or from cryptocurrencies.

[gurupauts]

in the future the state's financial technology will also continue to evolve as the technological developments of blockchain will dominate, and I think banks are still needed because not everyone is interested in crypto and they still need banks for local transactions

[joebrook]

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?

Ofcourse bank is still important and always will be. It is the foundation of financial stability of a country and also a means for investors to save and store their earned money whether from traditional investment or from cryptocurrencies.

There is no way that governments are going to make banks especially Central Banks redundant in favor of a financial system that they have no control over and when the central banks fails it will be very problematic for everyone and I believe that the crypto community is going to be affected as well.

[PacePay]

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 yes banking is still important in the era of bitcoin because they are registered with the governments and they do not scam and if they will start their wallet for bitcoin then the users of bitcoin will find a more relying place for to keep their bitcoin in a safe and secure place. Nowadays because of scam of many online wallets and the hacks of wallets it is important that banks start to use bitcoin.

[julius caesar]

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?

Indeed. Even Bitcoin era was fast rising into our current time, banks and the banking system of a certain state or country is still important to the economy since many people are still relying into the services and benefits provided by banks that was totally the reason why many people even our ancestors and parents are cope up into this kind of institution added by the fact that the existence of banks makes it a way to determine that a country have their own type of currency used nationally and globally to be said that their economic status can be globally competitive to support its own needs talking about its people's financial needs to support daily life needs.

[Muwatti]

Yes! Bank is also important in our society and a the same time in all crypto currency  not only in bitcoin. Although crypto currency is popular now a day it would also need a bank for the real transactions not virtually. Let say for example all ICO's are need investors for the launching of their projects so they collect funds using real money of their investors so this funds will go to bank for the security and for interest also.

[andieoke]

Of course, because I'm sure people will not be able to fully accept Bitcoin. and they still need banking as collectors and distributors of public funds and banks will support the implementation of national development in order to improve the distribution of development and its results. while Bitcoin is only individual, which is concerned only with the benefit of the perpetrators themselves. but I am sure, Bitcoin and banking will be able to walk side by side, and equally in need of society.

[Babatunde1989]

Capitally yes banks still have own role to play in our community

[Aarti madan]

Yes according to me bank will end up doing deposits and lending on cryptocurrency... Very similar to any exchange today

[lehuong]

if says about long long feature and stable is also also the spectrum, which is a commodity that are about the interest out, the gain also also more than many place, you must choose the bitcoin, we we like the quality of the side

[shaheer001]

No doubt banking system will boost up the Bitcoin price and value as bank is the only way to buy or trade bitcoin easy and fastest way.So if banks allow it then Bitcoin will in new era.

[icecube45]

Is banking still important in the bitcoin era? Yes I strongly agree with your opinion, the fact that for now the banking is still running and become a fatal part for a country, and most of us still use banking services or banking facilities. For some reason bitcoin can make banks to be left behind or abandoned and I think slowly bitcoin will reach the point where it replaces the banking position, in fact the banking system began to gradually follow the system of bitcoin (blockchain). But I think for now the statement "bitcoin era" is still too early for several reasons.

[marites]

Yes of course.. There ia a big role of banks today..
Or if you are in bitcoin industry and gain a big amount of money the first step you should do is to save your money in to a bank for future.

[jovs]

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 international trading industry and worldwide economic system is still bank based. It would take major adjustments and changes to abolish the banking system from the world exchange and even in a particular country's financial system. As of now, bitcoin exist even banks are still dominant in the market. The outcome of this relationship is yet to be reveal in the future. Will they co- exist sweetly? Will they compliment or break each other?

[Granxis]

The role of the bank will always be important until whenever, this is because the bank becomes the main pillar to drive the economy, the bank will exist anytime because it is fully protected by the state.

Yes we have to accept that fact that the role of banking is still important in our life, in fact still majority of people do not know anything about bitcoin and even they know about it and using it but still they are not in condition to use bitcoin for everything for which they are already using fiat currency, therefore they are using bitcoin as an optional currency, and that is the reason that the use of banking system is important in our life.

Right, I think that banks are also trying to integrate crypto moneys, especially if crypto moneys are a threat to the bank, it would not be allowed to grow so much. I think all the banks are looking at the crypto moneys positively.

[Madenis]

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