Hello crypto! Bye bye credits?

[carlisle1]

To take a crypto loan I think it is also like banking but it is very difficult because crypto does not have a stable price, and national banking will always run for the needs of the national community.

Aside from the unstable price from volatility,another thing is the assurance of payments because cryptocurrency involvements is anonymous,what i am trying to say is about the collateral when we in need of loans.specially when it become higher how can someone send you a loan when you don’t even know each others

[ioanamm]

There is still need more time for credits and bank, and most of people use crypto.

[ICOTechSupport]

It must be admitted that the number of cases of credit card theft increasingly vibrant, this is what makes crypto easily accepted by everyone so popular in a short time.

[buahkudu]

some people must be a lot to do the credit they want, such as cars, motorbikes or anything else that will never be unexpected and it will be very difficult to pay in installments every month.

[A7373]

In the next five years, the cryptocurrency will not be able to compete with the current banking system, because it is very slow, unregulated and unstable.

[Ethan Argu]

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

Do not even dream that the current banking system will ever disappear. Crypto currency is not capable of causing significant harm to banks. Even if the crypto currency could destroy banks, the state will never stand aside from this process. Once the crypto currency would create a threat to the existence of banks, the state would severely suppress such an attempt, up to the complete prohibition of the crypto currency. Banks are an integral part of any state. A state without banks can not exist. Therefore, it is not necessary to conflict with banks.

Crypto currencies can destroy banking community so that the government didn't allow to legalize the crypto in the country. Many investors from the government are involve in investing in banking business. Many of them will not allow to make any space for crypto because they will not and they cannot control the flow of money and exchanges of money in crypto world. It is impossible for banking companies to let go or go to the competition with the crypto business.

[VickyRobin]

In my opinion, the government does not allow the central bank to disappear, because the central bank is the backbone of the government, and they can not let their spine be taken away.

[mangsitin]

In my opinion, the government does not allow the central bank to disappear, because the central bank is the backbone of the government, and they can not let their spine be taken away.

Yes it is true, in my opinion crypto is a digital asset whose existence is on the internet, while bank loans are owned by the government in the real world, so crypto and banks will always be there side by side. But the government in the world will be good to legalize Bitcoin, because bitcoin will not interfere with your FIAT currency.

[AiBBio]

I think everything is possible and people can loan money in cryptocurrency each other

[Thomson-Winter]

The bank will not be able to cool because it is protected by the government, so credit will still exist, which is a major source of revenue for the central bank as well as the government.

[donadoni212]

Your hope is the loss of the current banking model to be replaced with cryptocurrency, right? if indeed that is what you want, then actually what is the difference between the purpose of the bank and cryptocurrency. these two components exist in order to improve the community's economic system and to facilitate transactions,
honestly, I'm not ready to leave the FIAT currency and the bank from the government

[thenameisjay]

I wonder this: if the usual banking system will disappear as such, then she will leave and credit system, leasing and installment payment, debt, etc. As there is no centralized authority that can issue and track correctness of performance. To some extent, this is certainly good, but in fact people who can not immediately earn a large amount of money and will remain in the lower levels of life, which gives the modern banking system (though not ideal). What do you think about this? How to Take a loan in cryptocurrency?

I think banking systems will never disappear as long as we have the gap between the rich and poor. The rich will stick to keeping their money afloat and increasing through cryptocurrency investments while the poor may choose the previous option but they would most probably start from scratch through the banking system.

[ChriS474]

Well, banking system won't leave anyway. But technology is developing. I believe credit is a bad idea.

[princehandsome]

In my opinion, the government does not allow the central bank to disappear, because the central bank is the backbone of the government, and they can not let their spine be taken away.

Yes it is true, in my opinion crypto is a digital asset whose existence is on the internet, while bank loans are owned by the government in the real world, so crypto and banks will always be there side by side. But the government in the world will be good to legalize Bitcoin, because bitcoin will not interfere with your FIAT currency.

I think crypto and bank need each other because the money generated from the internet can be taken through credit cards or bank. yes, I agree as you say the bank is a place of loan owned by the government in the real world and crypto it is assets that exist only in the internet world, so they always side by side.

[munareal]

I do not think is time yet to say bye bye to the credits issued by conventional banks. The cryptocurrencies are still in the infant state with less than 10% usage. The two currencies that is crypto and the fiat currencies can compliment one another.

[craiss]

https://paws.bjammerboy.io/7489/5431921

[A7373]

It would be cool to make credits or deposits in bitcoin officially in future. But for today, nobody can give you a garanty for future price of crypocurrency.

[Pyr3x]

I don't think the banks will ever disappear. They can be reduced in number, but people will always need loans and other operations that can be carried out only by the Bank. Therefore, you can not say goodbye to this system.

[Jackolantern]

I wouldn't be so sure! I think that we need to invest in crypto now because later the price will increase and we won't be able to earn on price difference like we can now because the price is good for buying now

[Glutius]

It is unlikely that this system can disappear, as it is beneficial to the state, the owners of banks and the people themselves. In many countries, loans are very strongly developed ,and I do not know whether the cryptocurrency can somehow fully replace this system. Therefore, it is very likely that the banks will not go anywhere. Maybe they'll just take on a new shape.