Is Bitcoin replacing the future banking system ?

[virarara]

Many theories that explain bitcoin will replace the bank in the future if bitcoin is received by the country. Because many advantages of bitcoin that can compete with banks. Therefore, many banks work with the government to block the bitcoin in the country.

[careCentre]

There is a high possibility for bitcoin transactions to replace the banking transaction system but this can only happen if about 50 to 70% of the world population participate in bitcoin transaction for goods and services..

[7Dyoknga5]

Is your money greatly secured with your online wallet? Will you be able to easily access it tru several ATM available? Would there be any insurance if your assets will be lost or stolen?

If yes then maybe it could replace the banking system.

[Dondont]

yes, bitcoin have a chance for replace the bank system, but at first, bitcoin should make it as zero fee transaction, then Im sur bitcoin will have the possibility for being great. Or at least bank system will support the bitcoin and blockchaim system and implement it to them.

[cobrabaek]

I am also a bitcoin investor. I am curious to know that I can put the operating methods in each coin but commercialize it so that it can be applied to daily life or just an invisible system that is made only for financing through ICO.

[retnoanjani]

There is a high possibility for bitcoin transactions to replace the banking transaction system but this can only happen if about 50 to 70% of the world population participate in bitcoin transaction for goods and services..

If to replace it seems quite difficult. Moreover, each country has a central bank that is used as a tool to support economic stability in the country. Another case if the country makes its own cryptocurrency. It could be an alternative to the ease and financial advancement of the system in the future.

[RuslanSamui]

Hello everyone, I think that in future the crypto currency will replace money. Crypto currency is much more efficient than banking systems

[dimastegar]

Yes, of course. Bitcoin can be an alternative bank in the next few years. Bitcoin is created as an alternative payment method and also as an alternative investment. And now many ICOs are using Blockchain to create the Bank in the world of cryptocurrency.

[Betheng10]

No. Bitcoin couldn't offer secured transsctions with wallets. There's no insurance bitcoin could give if my tokens will be lost or stolen. And lastly, bitcoin cannot be accessed easily unless you have internet.

[tuikindu]

I was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Bitcoin will never replace the banking system. But the block chain technology behind bitcoin is very good, and if the blockchain can be implemented in our traditional banking system, it will be of great help to them.

[pocket_lck]

To replace banking with bitcoin for the future I think it's very difficult, and I believe that bitcoins and banks have their own way, but banks will take advantage of bitcoin and also Blockchain technology.

[Roomshambles]

Maybe if bitcoin is received in a country with a majority of banks, I'm sure the bank will be rivaled and will eventually be replaced by bitcoin. Because the excess bitcoin is much better than the bank that we know.

[gates]

Bitcoin can replace the banking system if the system will be completely changed. I am not sure it would work with current financial system.

[Escan0r]

I was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

I'm sure it could be, because bitcoin many advantages that we know. And what I see bitcoin is better than local banks because its payment system is fast and secure too.

[KorakPawon]

I believe that Bitcoin will eventually be able to replace the transaction in the banking sector, but we need time for this, the transaction speed is still too small.

until whenever the bank will never be replaced when there is a digital money appears like bitcoin just the opposite bank will help us to make it easier for us to use bitcoin in any case eg in the case of converting bitcoin currency into conventional currency and change it in physical form can through bank.

[Jlv]

I was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

I think banking system cannot replace by bitcoin, they have different functions and I think more new high technology would be introduce to us.

[Dingdongjl]

Bitcoin has a lot of potential to replace the banking system although it is not the reason why BTC is created many people wants it to happen because they can see that it has a better qualities than banks.

[Turkish88]

If we talk about big system how banking there right to say what it be replaced not by bitcoin, it will be replaced by common blockchain technology

[Thanasis]

I was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

Gradually it is happening and it can replace the banking system if everyone accepts decentralized money but still many people are not aware of the crypto currencies so we need more years to know that it will happen or not.But until now crypto has some rapid reputation from last year but still that adoption is not enough we need more adoption rate to get stable price for crypto currencies.

[proearner12]

Cryptocurrencies surpass fiat currencies at some point in the future. One important consideration is that cryptocurrencies cannot be manipulated quite as easily as fiat currency, largely due to their decentralized and unregulated status. Beyond that, cryptocurrencies could better support the concept of a universal basic income than fiat currencies would. As a matter of fact, some programs have already experimented with the use of cryptocurrencies as means of distributing a universal basic income. Finally, I don't think bitcoin will completely surpass banking system.