Is banking still important in the bitcoin era?

[kingragnar]

banking still important. Of course. Bankers in the country's economy and industry are heavily dependent on depositors who make money in banks having little money that they are lending to other people who want to invest and build a business or borrowers bank. This is often the case. Maybe they just need to adjust and analyze how to adjust the bitcoin era now.

[BitcoinMarketer39]

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, those people who knew about cryptocurrency is not necessary to place money on banks because the price of bitcoins growth is so much better more than the placing your money on the banks.

[Odelkaleng]

The Bank still has its own role and place for people. Although bitcoin is growing the possibility of banks will still be needed in the future. Banks may also be growing by creating their own coins or providing storage for Bitcoin or other altcoins.

[swallovwvile8]

Every commercial household or industrially based services requires fiats as their initial thrust and for that banks and mints are equally important.

[Ulticon]

It won’t be needed any more once the entire world starts using bitcoins.

[fritzbird]

Yes banking is essentialy and completely important, even with or
without Bitcoins banking has always played a crucial and influential
role in the economy. Bitcoins might take the financial investment scene
by storm but banking will always be a standard in the financial sense and
essence of things. It’s rooted it’s structure throught history and will
continue to influence business and financial ventures from here on.
Crypto and banks can coexist, it doesn’t need to compete with each other
since both exist for a reason and they help people all through out.

[redsun114]

In the far future banks will be the secondary option of people in terms of storing funds, if you just imagine banks will used your money that youve deposited to them and then the interest rate for a year is too LOW, unlike here if you store your money it can earn couple of dollars  in a day so it is not impossible that banks will be the second option in the far future.

Where you keep your money if you want to cash your bitcoin or other coin? This is not the era of cryptocurrency because you will have the need for cash money for using in your local markets. To put your money you will need bank. I will never put all m money in cryptocurrency. In my local markets crypto is not acceptable. I need paper money and so the banks for security.

[GDragon]

Yes of course, the importance of a bank will not be vanish and there are many differents between this two likely the way they use it. We can conclude that Bitcoin era will be good in modern days but the security given by the bank is not strong as Bitcoin.

[fantasticX5]

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.

Yeah I agree on you as the banks has a connection with the government.

[no0dlepunk]

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, banks will never be obsolete and cryptocurrency will never have the capacity to kill it. Banks became successful all because of the human's psychology... not all are brave souls to put their money in a place without somebody to blame when it vanishes. well, that's where banks come handy.

[GamerPapaRoach5]

Our wallet is our bank and there is something very less security therefore banking.

[Surge_Dev]

Sure, that bank still plays its role but I don't think that it is really great nowadays. As for me, the role will be less important if the crypto will take its position. I am sure that the bitcoin era will soon take place

[mejalipat]

of course the bank will remain important and necessary because there are still some people who do not like bitcoin and they keep their money in the bank and I think there are still many transactions that still use the bank

[Melodimayy]

Absolutely still important in my opinion, because of the banks itself already have many regulations that different for each country. Payment system that like credit card, VISA, etc. All of them already rooted beneath our world economy system. Banks still could help us in this life.

[Mancung]

I agree with you, and maybe it was undebatable.. Banks still very important until now, where would you save your money? access a credit? Industrial and real estate loans are depend on a bank too, i think a country will collapse if their main banks are gone. i guarantee that

[yakafi]

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 think. The bank is still very important in the bitcoin era. because the bank has its own role in a country, its small example as a container for lending capital, other credits and as its. I predict the big banks will create a new crypto.

[Hazaki]

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 .

[bitkanu]

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.

Yeah I agree on you as the banks has a connection with the government.

Heck, bank is a core of economy for almost all of countries around the world and without it, the country will have a weak economy and can be easily crushed in this world of industry.
Because bitcoin exist, doesn't mean we need to shutdown bank, instead, if a country want to implement cryptocurrency system to their country, they will make it centralized and bank will be the one instance to save money safely.

[geegaw]

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, banks will never be obsolete and cryptocurrency will never have the capacity to kill it. Banks became successful all because of the human's psychology... not all are brave souls to put their money in a place without somebody to blame when it vanishes. well, that's where banks come handy.

When banks are under the protection and support of the government, cryptocurrency will not have the capacity to destroy or eliminate, banks still have contributions in real life, it still has real value, there is no reason for it to disappear. With cryptocurrency, exactly as you say, people do not have the courage to put money on it, without the guarantee and stability, it's just a new type of investment, the law does not protect anyone who loses money in cryptocurrency, the government even looks at people who use crypto as a criminal, so the bank still plays an important role in the transaction and exchange bitcoin into cash

[Happydd]

In my opinion, although the bitcoin era has developed, banks still need it. Bitcoin transactions between traders when paying money must also be made via bank transfer. Moreover, a country will retain a unified currency, so the bank will be the place to trade.