Will banks disappear because of cryptocurrency?

[Solomon3158]

Banks will never disappear due to cryptocurrency but rather adopt cryptocurrency activities in the banking system since every crypto coin exchange in market is later change to Fiat currency if need be, and moreover Banking system is having high supported hands by the government than cryptocurrency. So in other words, Banks will never be close down because of cryptocurrency. 

[Eddi45]

i do not think so. from my own point of view cryptocurreny will innovate the banking system and make them accept different types of cryptocurrencies especially the ones related to the banking sectors. Thus carrying out transactions

[nepeso]

Personally, I believe that the banks in any case will not disappear, and will find their wide audience in the future. Yes, the crypto market attracts many people, but only the most progressive and intelligent part of society. The rest will continue to work with banks that are unlikely to lose the bulk of customers in the coming decades.

[jashley]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

For me it is a big YES especially if all fiats out there are don't have a value so the banks don't have a purpose and that thing will happen if cryptocurrency are fully adopts here in our world and we can store it on our own wallet.

[Milla Kross]

Today the crypto currency has become popular and in demand. Many operations are carried out thanks to the crypto-currency channels. But will they be able to replace the banks in the future? Perhaps I do not exclude this. But not right now. People are not ready for such drastic changes.

[JohnYDillinger]

I am confident that the banks will not disappear, because many people are actively using their services, in addition, the crypt is not  developed enough.

[Rooster101]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

Cryptocurrency will not cause the collapse of the bank industry in the future because they can always evolve their sevices into digital banking and may also create their own digital currency in the future. The modern banks have already started their own kind of cashless transactions by turning the fiat into a digital money in preparation for the so called cashless society.

[Specialforce]

I think they wont dissappear because the bank is much more have security and also you can sure about price of it that it wont get up or down but if you are a trader anf much more into the trading and also crypto you would go to save your crypto on a ledger

[lornadane]

It is quite impossible. Cryptocurrency is doing well, okay, but that doesn't mean it can disappear the banks and national currencies!  I feel shock when people keep asking that bitcoin will vanish banks or replace the fiat currency! Such unreal dreams!  

[Ricsung]

This is impossible. Encryption is still at a very fragile moment. There is no such powerful force to make it substitute for banks.

[e@symode]

The world banking system is getting ready for something, you see that now very strange circumstances are happening to the dollar and the same thing is very serious about other currencies, I think that the crypto-currencies will be very useful here.

[JunMel]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

Maybe nothing is impossible but it takes time. It can't be happen so easy specially now that crypto still struggling to solve trust and regulation from government. Hoping that all country will adopt crypto then maybe that could be the game changer.

[belcini]

I am absolutely sure of the excellent potential for further development and expansion of the crypto market, with the introduction of advantages and opportunities for blockchain. There will always be a future for this technology. But banks will find support from the government and retain their main audience.

[viktoriya1945]

I think that this is impossible, the banking system is a state tool. Most likely banks will start using cryptocurrencies, for example as Ripple.

[princeyeboah]

Banks will continue to exist as long as the fiat exists. Both banks and cryptocurrencies will coexist because the final exchange of crypto is to a fiat. There are services which are unique and only particular to either crypto and Banks.

[wareck]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

I believe that the banks themselves will not disappear in the future. But they will need to look for ways to improve themselves and establish cooperation with various projects altcoins. For example, today several altcoins have already established work with banks for more secure and faster transactions.

[Hudora]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

I am absolutely sure that in the long run the crypto industry will be able to leave banks without the bulk of clients and work. But for this, we still have to wait a very long time. The crypto market has to do a large-scale work, but in the end it will be able to provide advantages to Blockchain, with safer, faster and more profitable transactions compared to banks.

[ymaico]

it is impossible, remove the system that already exists and people trust it for a very long time

[krassy]

Banks are trying to introduce blockchain technology into their systems, but not speculation with cryptocurrencies, so they have no reason to be upset. Banks are only interested in the possibility of using smart contracts and block chains for their own purposes. In addition, cryptocurrencies are not so well developed now to exclude banks from the financial system, although in the future this has all the prerequisites.

[5thFear]

I don't think they will disappear but they will adopt to the new techs of blockchain and will become a hub or kind of exchanges of cryptos. They role will change but they will not disappear.