What would happen to banks?

[BChydro]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

The banking system will make changes according to technology and modernization and they will survive the test of time and there is nothing that is holding them back, the mistake everyone has is that they think the bitcoin market is a solution for everything, but it is not close to that and we just have a new market in the financial sector and every market will co exist and every market will change and modify with time and nothing will perish.

[Blackdeath]

In my own personal opinion, banks would never be obselete due to mass adoption of bitcoin because banks could be a good used to cryptocurrency someday that crypto users will start to store their own funds. Other reasons why banks will never be replaced is because the government are supporting banks and fiat over crypto, that is why banks will still exist for a long time.

[Blackdeath]

In my own personal opinion, banks would never be obselete due to mass adoption of bitcoin because banks could be a good used to cryptocurrency someday that crypto users will start to store their own funds. Other reasons why banks will never be replaced is because the government are supporting banks and fiat over crypto, that is why banks will still exist for a long time.

[bitbunnny]

In my own personal opinion, banks would never be obselete due to mass adoption of bitcoin because banks could be a good used to cryptocurrency someday that crypto users will start to store their own funds. Other reasons why banks will never be replaced is because the government are supporting banks and fiat over crypto, that is why banks will still exist for a long time.

Banks will never be obsolete, that is true, but not because of mass adoption of cryptocurrencies but because people will never stop to use fiat currencies.and economies will continue to depend on fiat currencies.
However, with time banks will get more.and more involved in crypto and they will start to offer crypto related services to their clients. But precondition for that is regulation of cryptocurrencies.

[alrose]

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

In principle, no one refuses to banks.Just basically all their functions are seen only in the issuance of prohibitively high loans with a very huge Commission.In principle, loans in cryptocurrency can already be obtained.I know one project from 2018.Many take loans it is here:https://coinmarketcap.com/currencies/moneytoken/

[Visbay]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

[mamahdedeh]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

I think saving money in a bank will be a loss, comparison with the inflation rate that occurs, then the interest in saving in a smaller bank. therefore it is better that the money be invested in cryptocurrency, or property, maybe gold can also be an option. banks are smart they collect money from customers and loan it back with high interest

[Yatsan]

In my own personal opinion, banks would never be obselete due to mass adoption of bitcoin because banks could be a good used to cryptocurrency someday that crypto users will start to store their own funds. Other reasons why banks will never be replaced is because the government are supporting banks and fiat over crypto, that is why banks will still exist for a long time.

Bank will never be replaced by something and the same us with crypto, They are both essential in our society! Banks are needed for a stable saving of money and cryptocurrency is for investment type of holding. What I know is if you hold fiat you are safe from a dump, and when you hold cryptocurrency you can have a profit, so why don't hold both for stable and balance asset. Banks and cryptocurrency are just fine in today's economy.

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

I think saving money in a bank will be a loss, comparison with the inflation rate that occurs, then the interest in saving in a smaller bank. therefore it is better that the money be invested in cryptocurrency, or property, maybe gold can also be an option. banks are smart they collect money from customers and loan it back with high interest

Saving in a bank will never be a loss, lol. Don't treat cryptocurrency as an ultimate currency, it's just a standard currency that has some excellent features. Saving in a bank is all good if you want to literally save your money and don't spend it, what's the loss in there? Hating banks because of cryptocurrency is purely a dumb thing.

[supercanada1]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

Implementing blockchain is a totally different case than acknowledging bitcoin and altcoins. Blockchain is the technology whereas bitcoin is one of its products. Blockchain developers can improve any existing system. All those banks that wish to provide better services to their customers must embed this technology in their business. Without accepting crypto currencies, banks really do not have any future.

[sapnu]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

Implementing blockchain is a totally different case than acknowledging bitcoin and altcoins. Blockchain is the technology whereas bitcoin is one of its products. Blockchain developers can improve any existing system. All those banks that wish to provide better services to their customers must embed this technology in their business. Without accepting cryptocurrencies, banks really do not have any future.

There are now banks accepting bitcoin or cryptocurrency as their payment or investments, this is actually a good start for everyone to buy some tokens since the value of every token as of now is not that high which is the perfect time to buy a lot of it and hold it until the price comes up. We all know that cryptocurrency is volatile in terms of price and the value is changing as time goes by. There are online banks that supports cryptocurrency, it is indeed better because we can now convert our earnings into fiat easily. But maybe I think some countries than are not legalizing crypto is not like that.

[Webetcoins]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

Implementing blockchain is a totally different case than acknowledging bitcoin and altcoins. Blockchain is the technology whereas bitcoin is one of its products. Blockchain developers can improve any existing system. All those banks that wish to provide better services to their customers must embed this technology in their business. Without accepting cryptocurrencies, banks really do not have any future.

There are now banks accepting bitcoin or cryptocurrency as their payment or investments, this is actually a good start for everyone to buy some tokens since the value of every token as of now is not that high which is the perfect time to buy a lot of it and hold it until the price comes up. We all know that cryptocurrency is volatile in terms of price and the value is changing as time goes by. There are online banks that supports cryptocurrency, it is indeed better because we can now convert our earnings into fiat easily. But maybe I think some countries than are not legalizing crypto is not like that.

It was in the beginning when crypto currencies were a threat to the banking system because people started to invest in these coins instead of relying on banks. No ne really admires the banking stems and their formalities. It became very clear after 2017 that bitcoin and  potential altcoin are here to stay forever. So the best way for banks to survive was to accept them. This way, both banks and coins will exist together.

[cutesgirl]

Banks will add cryptos to the system, maybe they will even build their own app on blockchain system, everything will be changed, they either join or they perish.

I think banks will also join the blockchain system in their banks as I know banking is one way to store money but after the arrival of crypto I now people prefer to store their money in form of investment than storing money. I hope in a few years the entire banking system will start to adopt the blockchain system for making money storage its also helpful for the future of banks.

Implementing blockchain is a totally different case than acknowledging bitcoin and altcoins. Blockchain is the technology whereas bitcoin is one of its products. Blockchain developers can improve any existing system. All those banks that wish to provide better services to their customers must embed this technology in their business. Without accepting cryptocurrencies, banks really do not have any future.

There are now banks accepting bitcoin or cryptocurrency as their payment or investments, this is actually a good start for everyone to buy some tokens since the value of every token as of now is not that high which is the perfect time to buy a lot of it and hold it until the price comes up. We all know that cryptocurrency is volatile in terms of price and the value is changing as time goes by. There are online banks that supports cryptocurrency, it is indeed better because we can now convert our earnings into fiat easily. But maybe I think some countries than are not legalizing crypto is not like that.

It was in the beginning when crypto currencies were a threat to the banking system because people started to invest in these coins instead of relying on banks. No ne really admires the banking stems and their formalities. It became very clear after 2017 that bitcoin and  potential altcoin are here to stay forever. So the best way for banks to survive was to accept them. This way, both banks and coins will exist together.

Almost bitcoin have been popular and adopted with many companies I think bank keep become most important part in my life, I can save my money in the bank, I can sent and withdraw my money from bitcoin to the bank, maybe I can't imagine how come and situation in the world if only available payment using bitcoin and altcoin if bank have been closed.

[Chrystora123]

I think they (banks) will survive in the future when cryptocurrency is used in people's daily lives.  Why? because no company wants to lose their assets and customers.  So I think they will innovate and start implementing cryptocurrency and blockchain in their services..  For example, in my country some traditional banks have started to develop their own blockchain and cryptocurrency technology.

[Fappanu]

indeed, Because banks will only keep pace with the development of crypto as the government will not be able to control it especially as it has good economic impact.

And actually, And it's been accepted in Europe and based on what I read in the article, you can store bitcoin at the bank.

[Williams_Leo]

I think they (banks) will survive in the future when cryptocurrency is used in people's daily lives.  Why? because no company wants to lose their assets and customers.  So I think they will innovate and start implementing cryptocurrency and blockchain in their services..  For example, in my country some traditional banks have started to develop their own blockchain and cryptocurrency technology.

Of course, I don't know what the connection is between crypto and banking to make banks problematic in the future, a lot of people inside crypto say that banks will disappear by crypto and blockchain technology but whether technology and crypto can replace the value of banks or not. It does not take too much time to think, people will definitely say no when banks are helping people store and transport accounts very well, interest rates are not less and quite confidential, they will not let go of the bank to take risks from the use of crypto and blockchain

[Lottoshi]

Banks would never disappear as long as there’s government

[HarmonyA]

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology,  they will come prepare to create a system that will be trusted and to maximize the potential across the platform.

[GideonGono]

Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.


1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners  would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.


2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.


3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.


4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.


As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive

Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology,  they will come prepare to create a system that will be trusted and to maximize the potential across the platform.

There are also don't agree to crypto and must prepare to use bank by it's reliable and safe money than the information of bitcoin that there has a number of news from hacking.

Bitcoin can't defeat Bank from eliminating but from reducing on it's performing the use of some information, the bitcoin does.

[alisonwonder]

Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology,  they will come prepare to create a system that will be trusted and to maximize the potential across the platform.

There are also don't agree to crypto and must prepare to use bank by it's reliable and safe money than the information of bitcoin that there has a number of news from hacking.

Bitcoin can't defeat Bank from eliminating but from reducing on it's performing the use of some information, the bitcoin does.

so far, yes, there are no banks that agree with crypto, but they only agree and adopt the technology, such as blockchain. sometimes the bank also has a bug with some lost customer funds.
yes bitcoin will never beat the bank, because the equality of the bank is quite extensive, while bitcoin is still limited.

[Shasha80]

Until whenever cryptocurrency will not be able to beat the bank, because the bank always has the full support of the government.
To now cryptocurrency is very difficult to be accepted by the government. Not to mention banks have superior products, namely
credit loans. What is now for people to have loans to banks is normal. So that will happen in the future of cryptocurrency will only
be an alternative payment from fiat, and also as a digital asset. Because I'm sure the bank will adapt to the start using blockchain
technology for its transaction system. So I as a cryptocurrency fan must recognize the role of banks difficult to beat by cryptocurrency.