Is banking still important in the bitcoin era?

[mauriek]

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.

Also in the era of Bitcoin bank still instrumental to making process withdraw Bitcoin to fiat,
without bank we can't earn money from Bitcoin, so in my opinion the Bank is still important in the Bitcoin era

[Sled]

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.

Also in the era of Bitcoin bank still instrumental to making process withdraw Bitcoin to fiat,
without bank we can't earn money from Bitcoin, so in my opinion the Bank is still important in the Bitcoin era

We can do peer to peer transaction like selling bitcoin to the person and not transferring or withdrawing bitcoin to bank and that is a lot better because you will be socializing with other bitcoin user and you may find new people that can help you to get new ideas and strategies to be more effective which i prefer rather than the banks.

[MRY]

I think, despite being in the bitcoin era but not everyone likes and invests in bitcoin so the existence of the bank remains in need for them and not all places accept bitcoin as payment

[gabbie2010]

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.

Also in the era of Bitcoin bank still instrumental to making process withdraw Bitcoin to fiat,
without bank we can't earn money from Bitcoin, so in my opinion the Bank is still important in the Bitcoin era

Exactly this the area where banks will be mostly influential in most cases transaction of bitcoin either by selling or buying is carried through the banks which serves as a third party institution or as a middlemen where fiat  is transferred between a buyer and a seller.

[gezhid008]

The blockchain is likely to subvert the traditional banking industry, but the block chain technology is still in its infancy, so Banks remain one of the most important institutions in the world.

[Nasty23]

I think, despite being in the bitcoin era but not everyone likes and invests in bitcoin so the existence of the bank remains in need for them and not all places accept bitcoin as payment

Yes before the banks are disappear the bitcoin should be easily use and adopted by every people whatever their status in the society there should have enough knowledge for everyone about bitcoin on which is hard to spread in all over the world due to the other people who didn't want bitcoin. Banks are remain because it have an own roles in the society that makes it important for everyone.

[beezare]

I think people still need banks and the government still uses banks for the economy so even though bitcoin will be growing but it will not be able to make the bank disappear as many people still need

[futile-resistance]

Yes, because banking system is a must when it comes to transaction in bitcoin or other cryptocurrencies and i think bitcoin is a better together with the system of bank. And fiat is relies on transaction investment in bank so if you will going to used bitcoin in the future it would be a better if there would be an implemented system with the used of bank in transaction and investments together with trading.

So far, banks are essential but once bitcoin and other crypto currencies mainstream and more people start dealing in these coins, the survival of banks will become difficult. However, if they start supporting coins too, nothing can wipe them out from the face of earth. But this should never happen because it will kill the anonymity feature of digital assets. We will have to pay high charges again.

[Bionicgalaxy]

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 when bitcoin era comes because bitcoin do not need banks and banks may disappear in that era. But i think people will still need banksfor the economy and i think it will be to soon for bitcoin will happen because there are still countries who banned bitcoin.

[marsmyname]

Of course, because banks are the largest and most flexible source of funds, there is no need to wait for long-term capital mobilization.

Banks has its own importance. It is the safe way through which every one can save money or send money banks are the authentic way of business and transactions. Banks plays very important role in the development of a successful country. Banks has an important role in Bitcoin era. It is a digital currency and bank is the place where we can exchange the currency and create own accounts for transactions and savings.

[Sarisang]

you are right. Although various countries but lively bitcoin role the bank still will not be replaced. banks in all countries used as routes for their economy. If a bank is dead because the economy will certainly bitcoin doesn't go with the good. the Bank will stay alive because of the very central bank roles for a country.

[torch2121]

Yes, banking is still important in Bitcoin era. For me bank play an important role in economy and it is the tradition of financing. It allocates funds from savers to borrowers in an efficient manner. Provides fund for business as well as personal needs of the individuals. Bank role is very significant. For me as a function of bank as middleman for Bitcoin to exchange fiat is fine. I think it is better if we leave this option open to people.

[ArteMixer]

Of course, there will have to be some form of physical crypto, and that's where the banking comes in. So, yes, it will play a role.

[victoryana]

I still think so because the bank has a long history and we can not deny the banking role for our economic development, but besides that, digital technology is growing. Digital coins are equally important

[Thewolfofcrypto]

We are here ready to accept the full shift to the digital currencies because we know how to handle this process but there are older people who won't be capable of dealing with cryptocurrencies and need some assistance that they can find in banks today.

[mendra_2009]

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?

Advanced development of financial technolgy today must accepted/adopted to support and improve the country's economy in one hand. But on the other hand, The monetary authority, here The central Bank and The commercial banks still play a very important role in everyday's economic activities.These commercial banks must render or give financial services to all people in the country, either in the urban area or rural area, from big cities to small cities that can not be served by bitcoin or other coins.

[jojowar]

Yes banking is still important in the bitcoin era because we can use it especially for our withdrawal from cryptocurrency to fiat. Most of the people as of now doesn't know about blockchain technology and cryptocurrency and they know is bank for their savings and withdrawal.

[jayar_cabaltera17]

For me it's a yes because banking have a big role in a circulation of money we need bank to avoid scams and of course to secure our accounts specially in bitcoin mining

[waywethe]

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, the bank still holds a key position in this world. Banks can help poor people have capital to do business. The bank is a huge source of money and a safe haven for people

[dev9t9ok]

Anyway banks remain important part of our financial part of life and nothing will change soon. It need much time to change situation and it is not bad because progressive and smart part of people will use modern tech and there will be banks and obsolete tech for others.