What would happen to banks?

[lovesybitz]

I think banks will still exist, although there are some banks are accepting the system of blockchain technology in some other country.
Though, bank companies nowadays are supported by the government compared to cryptocurrency.

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[MidnightWolf]

I think that the banking system and the state apparatus are a very strong adversary and therefore the cryptocurrency will not be able to defeat it.  Today at stake is the question of the existence of cryptocurrencies only in the format of legalization.  In this will take part in every state in the world.  On this basis, it is possible to assume with accuracy what competition will be between the cryptocurrency and the banking system.

[finaleshot2016]

I think that the banking system and the state apparatus are a very strong adversary and therefore the cryptocurrency will not be able to defeat it.  Today at stake is the question of the existence of cryptocurrencies only in the format of legalization.  In this will take part in every state in the world.  On this basis, it is possible to assume with accuracy what competition will be between the cryptocurrency and the banking system.

Definitely true, the banking system will have a development and will capable in touch with cryptocurrency soon. The cryptocurrency is still in a debatable situation and shouldn't chill out. Banks will exist until the end of the world I think? When a crisis comes and serious problems come out, cryptocurrency might fall.

[sgenuine]

Banks remain on top because majority of people invest in bank than cryptocurrencies, they prefer small or low amount in returns to their investment as long it is constant. Crypto is also good no question about it but some practical people do not like investing crypto because of its characterestics, cryptocurrencies price is not stable, as a result they have a doubt.

I support cryptocurrencies and use them but banks will always exist, you are right. Yes, they make money on their clients' investments, but they are pretty safe even in comparison with the best cryptos.

[Godday]

I think banks will still exist, although there are some banks are accepting the system of blockchain technology in some other country.
Though, bank companies nowadays are supported by the government compared to cryptocurrency.

I strongly agree with what you say in your opinion the bank will still exist and many developing countries, of course, the banks in that country have no problems with the crypto currency that is officially used

[Pagri]

Perhaps the disappearance of the banks would have been possible if the development of the bitcoin had happened as it was originally planned, where bitcoin users would base their economic exchanges on mutual trust, but at present big capital seems to have taken control of the market and they seem to have the power to move the bitcoin according to their interests, therefore sooner or later there will be a greater integration between the current banking system and the cryptocurrencies, as in fact it seems to be happening nowadays.

[MonaLeeTracy]

The fate of the banks is quite clear from the way cryptocurrency is emerging gradually. Cryptocurrency works in favor of the people and once the people get to know more about the benefits of cryptocurrency, its adoption will eventually increase. The banking services will be less patronized and this will force the banks to integrate cryptocurrency into their services in order to stay in the game of finance.

everything can happen, crypto currency is created by using technological developments and of course for the development of the era especially in the field of economics and of course banks will also try to develop along with the development of the times

[DreamStage]

If they would be able to exchange your coins much faster and providing you fiat immediatly on your hands even if they use some sort of investment tools and not ending as pronzi scheme i would accept it for sure.
They would also be more quicker in exchanging each currency into proper real fiat currency rather than an online exchanger since the banks have many currencies stored where online exchangers have some sort of limitations.

I do loved to read about the loans on different cryptos. That would certainly make Banks way better than anything online considering that there would not be scammers on this principle.

And about savings, yeah who doesn't want to feel safe, you would not even a 2fa or online authenticator to provide security for your own coins and money.
Banks are most trusted because of the security they have where there has not been such big money lost as currently online exchangers are showing way more.

[BennyK]

Banks will eventually integrate crypto services into their activities as the people get to know more about crypto and its benefits to them and the economy at large. The power that crypto brings to the people give them the total control over their own financial transactions.

[virendarnagpal]

>>>>

No, the disappearance of banks is impossible in any scenario. The banking system serves the economy of the state and therefore is an integral part of the state. Therefore, banks have nothing to fear. They will use the cryptocurrency as much as it will be profitable for them.

Though nothing is impossible; but it is true that we do not see an end to the Banking system in near future i.e. we may say for the coming 25-30 we do not see disappearing banks.
Also it is true that if the latest developments are accepted and adopted by the banks then there will be no fear for the existence of the Bank's existence even for 100 years to come.

[jrrsparkles]

If cryptocurrency adopted by everyone in this well then the word loan will get eradicated from the dictionaries because this was created by the banks to keep as poor even if for earning more money.

Then people can start using their money in the way they would like to but under the regulations from the government if it is kind like Bitcoin which is called pseudo anonymous since it can be tracked if we know the origin.

[Ozero]

Nothing can happen to banks, because they are part of the current state system, and without government approval, state and commercial banks will work under their normal conditions. Of course, the emergence of cryptocurrency will have an impact on their work. We see that banks themselves are switching to their blockchain technology. Providing services in cryptocurrency banks will be only to the extent that it will be beneficial to them.

[fiulpro]

What about ?

PURCHASING
Not every sector will be crypto friendly.

AIDING THE GOVERNMENT

KEEPING MONEY SAFE SINCE TAXES ON INVESTMENTS ARE MORE

FIXED ASSETS

GETTING INVOLVED IN MUTUAL FUNDS

[JohnBitCo]

Nothing can happen to banks, because they are part of the current state system, and without government approval, state and commercial banks will work under their normal conditions. Of course, the emergence of cryptocurrency will have an impact on their work. We see that banks themselves are switching to their blockchain technology. Providing services in cryptocurrency banks will be only to the extent that it will be beneficial to them.

As long as fiat currencies are there the banks will remain there too. Cryptocurrencies will replace the local currencies but  this will not gonna happen soon. It might take 10 to 15 years before we can fully eliminate the fiat currencies,  so the banks will remain until the next decade at least.

[BennyK]

Banks will not be obsolete be they have their unique features and services although cryptocurrency is revolutionary in terms of financial transactions. The fact that the banks have got the full support of the governments guarantees the survival of the banks.

[chucho4o]

Unless we try denying it there would still be bank. The banks have a stable system which controls and regulate everything but cryptos is just unstable and as long as the banks evolve they will still be in business.

[Golftech]

Banks will not be obsolete be they have their unique features and services although cryptocurrency is revolutionary in terms of financial transactions. The fact that the banks have got the full support of the governments guarantees the survival of the banks.

That fact still remains, government will still entrust the financial institutions into the bank businesses as they still have a wide control over unlike cryptocurrency where they don't have any major power to control the full system, banking system will be coexist even crypto market start being
adopted and brings innovations to this industry, there's still people who will continue to trust the banking institutions.

[silversurfer1958]

That's right and this is one of the things I'm talking to the members of the forum over the past few days.
I wonder if they always say that the bank will die, even though blockchain technology is very easy to create.
In the future, I think banks will become much better with the help of blockchain technology.

[whyrqa-1]

I see that the rhetoric has changed a lot among people who use the forum, because earlier everyone expressed their opinion about the death of the banking system thanks to the blockchain, and today everyone says that the banking system will safely use the blockchain.  Of course, this is exactly what is happening today.  We should reasonably and really look at what is happening, and not think about a fabulous future.  I also believe that cryptocurrency will not be able to destroy Fiat or banks, since the banking system always adapts to new conditions and trends in the financial and economic world, and the national currency is the identifier of the country.

[hahay]

That's right and this is one of the things I'm talking to the members of the forum over the past few days.
I wonder if they always say that the bank will die, even though blockchain technology is very easy to create.
In the future, I think banks will become much better with the help of blockchain technology.

Yes, blockchain technology will continue to be adopted and banks will at least have other advantages because of the large quantity of support and even though banks adopt blockchain technology, in the end banks will still be the first choice for many people for many purposes that are indeed supported by the government. So, even though cryptocurrency continues to grow and banks will also continue to make updates to make it better.