Is banking still important in the bitcoin era?

[paul gatt]

Any time, there is a bank. It was a bitcoin era. If there is no bank, then the money of the state, the state and the people will be stored and how the transfer. And where will the financial evaluation of a country be based?

[monkeykiss21]

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 banking is very important, specially through our online working like this bitcoin we are almost needed a banking system to keep our money safe from the dangerous hacker. And this coming new generation, we are all doing our money transaction via online banking, so banking is very important not only now but in all the way banking is our life through bitcoin.

[bbjay]

To some setting extend bank may still be relevant provided government continue to make used of Fiat for individual country in the world.The only situation in which bank would not be relevant in bitcoin era is when all the nations of the world go crypto and drop the uses of Fiat.

[Sum24]

The roles of banking will always be important at any time, and with that it is certainly reasonable to argue that the state regulates banks that mostly contain protection against banks, even though bitcoin transactions continue to rise but I'm sure this has never reduced the role of banks, so banks always be important anytime.

What's the use of banks if everyone can transact on their own? we have to know is the times have changed and now we can not rely on all things on the banks let alone transactions in the banks need more expensive cost than bitcoin.

In my opinion, it is impossible they can transact itself, because each of people wanted to withdraw BTC
of course they need the Banks to withdraw their money. So until now, the Bank is still an important thing in Bitcoin era.

It is not about only to withdraw your bitcoin to get money sometime we can use to pay for good and for this there is no need to transfer your bitcoin into fiat as now a lot of market and shopping malls are accepting bitcoin as payment, for me I think we are not getting free from the stress of banking system as there was huge risk and small profit.

[FUD Expert]

Banks are still important for those that are unaware of cryptocurrencies. But for us who know bitcoin and other altcoins, we see banks as a big lie and a great deceiver. They aren't important to us anymore.

[rejekinomplok99]

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 important in the bitcoin era. maybe the big banks will have  a new crypto. because the crypto is the future technology, so the banks should create a new crypto.

[xk85jq]

   bitcoin era is too long to made that come true because no nation and bank institution acknowledging to support bitcoin currency.Right now they need the support of banking institution to deposit and widhrawal to our business transaction.

[Escf4]

Even bitcoin is very popular in the digital world but still banking is important in the bitcoin era, in banking there are still people who make sure their money is secured in the bank even without big interest,  

[Lorence.xD]

Financial institutions are not going to disappear, crypto or not. The are an essential, integral part of the current economic system. Retail banking is just a small part of it, financial institutions providing capitals for corporations are much more important, and crypto is of no danger for them.

The entry of Crypto currency into market trading still need the financial institution. Does the local business transaction would still requires the banking system in local trading. It wont eliminate the Banking system with the growing interest on Bitcoin investment, A lot of financial institution were looking into the Regulation issues were Bitcoin transaction would be regulated base on the mandate on Laws about trading transaction. Once this issues were address, we can see the more investor participating into the Bitcoin transaction on the trading market.

[stephanirain]

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 personal opinion, i think banking is not important in the bitcoin era because bitcoin do not need banks to store them. I think bitcoin era will take a long time before it happens because there are still countries and governments who still do not accept bitcoin.

[Salesman4coinZ]

THis is the biggest problem the cryptocurrencies has to fight in the future. THe banks! Because the banks will not lose their controll over the money because of a cryptocurrency system. So they are afraid to lose their power and money, and thats why they would 100% do everything what it needs to bring cryptocurrencies down. SO we can expect a real war in future between cryptocurrencies and the banks. And i really hope the cryptocurrencies will win.

[AnisahSiti]

with the fact that many countries still have not received bitcoin, of course banks are still important. the cost of living is still to be paid with fiat. the next question is: "Will bitcoin last long, when many banks start using blockchain?", nowadays blockchain is getting popular, some big banks have already adopted blockchain as their financial transaction technology. while most other banks are in the process of studying. trying to be able to adopt blockchain.

[Pejoh Asu]

If someday the volume of bitcoin transactions has reached more than 50% of all world transactions then we do not need banks, I think with bitcoin everything becomes easier and do not need the help of third parties like banks.

[Nissan-GTR]

of course, the bank has its own role in a country, its small example as a container for lending capital, other credits and as its, even though the development of crypto world is very rapid, but the bank has its own role, and they will not close the company, maybe later them will follow also the current development of the crypto world

Thats true, not every people who lives inhis planet were into Bitcoin and other alt coins, and Bank is a traditional way to invest and save your profit for security and if you have children for their future to be secured Bank will serve as you place to keep your money, and we cannot take away this to public since some of our people were working for them, cycle of life, and this makes the country's assests still protected for those who might steal it.

[sammydeeknight]

      For the last 500+ years Banking has been around. It's part of our western culture. It's kind of presumptuous to proclaim the end of Banking with the coming of Bitcoin.
I remember years back when i first discovered Bitcoin. I was a die-hard Bitcoin evangelist(i'm still one) who used to tell everybody that the end of Banking has come with Bitcoin. Here we are today with the little experience (It's a real hustle to keep ones bitcoin wallets secure and safe) that i've got with cryptocurrencies i prefer to admit that Banks are going to stay but banking as we knew it may change.

I'll like to have some part of my bitcoins or altcoins been "managed" by a bank that will keep the private keys and give me access to the public address only. I know that the Bank is insured in case of theft or hack of my wallets.

We can make the analogy with the era of Internet and TV or radio. At the dawn of Internet many proclaimed that TV and radio were over. Decades later they are still around but they've evolved to adapt in the current ecosystem.  

That said, the Medici's style of banking may end in the Bitcoin era but Banks will still be around.

[GeniusAko]

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 couse it is! Bank is important in our cryptocurrency. Cryptocurrencies can't make bank disappear because their will be imbalance in our economy. I am sure that banks will also use blockchain technology for them to improve the payment system.

[mkhadazz]

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 of course the bank will still be very useful but I think only a few banks only because I see for sure as time goes by many customers who withdraw their assets in the bank and keep it in cryptocurrency because it proved more secure and can provide a lot of benefits.

[xhienigat]

Of course bank is still important even if bitcoin is already here because bank is the main back bone of our economy and we cannot that switch right away no matter how good crypto is. And also in our country we still need banks whenever we convert our bitcoin into fiat this is where we deposits our fiat.

[Bitcoinbitcoin0909]

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, as new technology arises, we can say that banking is currently dying slowly. Bitcoin and other way of investment are improving and still innovating as time passes by. There's even a chance that the next generation wouldn't experience it anymore as it becomes extinct. We need to accept the fact that some things will be gone as the new ones show up and impress people.

[josephpogi]

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 the fact is bitcoin is only new currency which have no enough power to make bank dissapear. Although bitcoin bring a lot of benefits for us butthe scalability issue is still prevent all peiple to use bitcoin. Bank wil always needed since it's one of governments tools to make the economy of country more stable. Most of people in this world are still need bank to store their money and process their transactions.