Will banks disappear because of cryptocurrency?

[chip1994]

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

That is an entirely false opinion, whether the cryptocurrency exists or not is not related to the bank. And at the present time, if there is no bank, the exchange from cryptocurrency to fiat currency will not be possible. If the future of cryptocurrency develops, banks will also grow to meet the needs of people about cryptos trading.

[andthereyou]

I think cryptocurrency and banks will exist for many years to come because fiat money is still the bench mark to buy any basic or luxury needs.

[hoavantathan]

I don't think so. Real money have their functions. Cryptocurrency can not change real money's position. In normal life, real money is easy to trade. You can not hack if people save their money in their house.

[kiw_91]

The main idea of crypto currencies is a decentralization of money and payments. Thus in my personal oppinion, the best way to store you money/ crypto are wallets. Exchanges is only a medium of conversion. My oppinion in the future, that we are able to change between crypto currencies without the usage of exchanges, thus making the crypto fully decentralized. its just my 2 cents.

[gabagandalf]

i would approve if banks would disappear because of crypto, but i can not imagine how that would work. that is why i believe that banks will not disappear.

[coinlocket$]

I don't know if bank will disapper cause the cryptocurrencies, if the crypto will really be the money of the future we still need a centralization where "old people" and new people need helps to enter on market and to make operations.
Bank will can evolve on this new opportunity or disappear.
A very important thing to say is that if it will ever happen it will be in a long term future, my guess is IF the crypto will be the main market next week than the FIAT will disapper not before that 20 years.

[Otsu]

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 don't see any reasons for the banks to disappear because they are still very useful in our society. More people have trust and make bank accounts and invest good amounts of savings because it is more safe and secured compared here. Perhaps, if the system of bitcoin and all other altcoins will be improved and cannot be compromised by the hackers, maybe it can dominate and left banks behind.

[ungongbuotan]

It depends if cryptocurrency becomes so popular and widely accepted. But despite that I think banks will not disappear at all. A lot of banks here in my country have started to accept cryptocurrency as well. If cryptocurrency becomes more popular banks will eventually have to adjust to these changes to stay relevant.

[boolog]

the banks are already making enough money. they should keep away from crypto and let themselves develop. hopefully, banks will be limited by crypto in the future.

[vossybiglady]

They may disappear however I think it's more likely they will morph into something else.  The bankers are in control.  They are not going to just give up and walk away.  They will tangle their web around crypto one way or another. 

[norcia]

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

The Bank is a Bank, the purpose of which is to facilitate and provide smoothness in the economic round of a country, which includes providing loans to the community to strengthen the economy. And I think crypto is very possible as a payment tool, but it can never replace the system, because after all a financial system must be regulated.

[valter_dego]

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 abolish Banks, just instead of fiat Banks there will be crypto Banks. Cryptocurrency is just a way to store and transfer material assets (money), and Banks are regulators movement of these funds. Therefore, it does not matter what of forms will have money (electronic or physical) will always financial institutions regulating their turnover in economy.

[guanyikclkv8593]

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 think it is hard to happen when there are still goverment in the world. They need some way to control the world. The banks will be a good way for them to do that so the banks will be here for a quite long time.

[Valzador]

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

now I ask you back, can crypto currencies guarantee the security of our money? it makes no sense to compare crypto currencies with banks.

[strawbery]

No, I believe that banks still have their value. The cryptocurrency is only the current new trend, but the bank is such an industry with a history of 500 years. I don't think it will be easily replaced.

[modmalaney]

the collapse of the bank would never have happened. Banka is the economic center for the country and if it collapses then it will happen surely a big mess. Indeed crypto will come and so will be able to dominate. It is inevitable to mention along with the development of technology. yet crypto comes will certainly give good for the economy and the impact this is going to be biting well with banks and currencies in each country.

[LARSBAK]

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 for now the bank feels threatened with the existence of cryptocurrency, because the bank could be replaced by crypto, because crypto can work without a bank. but in my opinion crypto isn't that bad.

[GsxR150]

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

In my opinion, that won't happen at all, because believe me we won't want it. Crypto is a p2p transaction that will still need a third party.
I think we will not trust each other to transact without a marketplace. So I think it's impossible for a bank to not survive.

[hardewale148]

Everyone get his own choice, crypto investor and engaged will continue with theirs, while bank engager will also continue, bank will never disappear because of cryptocurrency

[Shikamaru]

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 don't think that will happen. Financial stability must be regulated by the government, and the Bank is a form of authority. I think the financial sector is not just a transaction between individuals, because in everyday life, we need the Bank for many reasons that the crypto industry might never be able to replace.