Will banks disappear because of cryptocurrency?

[V. J. Meyer]

Precisely because of the rapid growth of electronic money over time, the bank will have difficulty in raising capital and lending. ICO projects are now mushrooming. So I think the funders will mobilize through the ICO channel

[Donggou]

No matter how the situation of the currency changes, the bank will not disappear. Unless people no longer need to use money to develop, it will take at least several thousand years.

[eup]

I don't think so, you should master cryptocurrency technology, or banks can work with cryptocurrencies. This does not conflict.

[Hiltohen]

no it will not. since banks will react quickly and also begin to accept cryptocurrency. process the transaction

Yes that is right that banks are not going to disappear, even if the use of banks will decrease by the people. I think that banks will also change their strategies and will start accepting crypto currencies for exchanges and other purposes which will surely give support to banking system.

[andrej.safronov.1990]

There will not, because there is no such dominance of the cryptocurrency cryptocurrency of course has many advantages over regular money, but will never be as popular as the dollar or the Euro. This is a state level which do not have the strength of the entire crypto community, so the banks in relative security another 50-100 years, and then who knows what will happen.

[kmntrci]

I'm sure that this will not happen because there are too many people who do not trust the crypt and consider it not a safe investment. Banks are still popular.

[ttking]

I don't think that this happen in the nearest future. To my mind, this is possible but not immediately now. To my mind, it is better to use crypto instead of real money but this is not always possible

[Pendularin]

My answer is big no for this. Without banks we can't appreciate how digital currency provide us better ways of earning money. Because banks is the only way we can get in touch with cryptocurrency exchange d into cash form of money. Although we all knew crypto is a digital money, but not all transactions were made into online, most of them were done through fiat cash.

[Tanya78]

I do not think so, of course not. This is not beneficial to one government. Is that the bank will find a way to work on crypto-conversion.

[Mr. Sorry]

No. I think the bank will not disappear, instead the bank will cooperate with Cryptocurrenty and will further improve security and flexibility in the future.

[Teebass001]

Wake up mate. It ain't gonna happen any time soon. The government will never allow that to happen. The power to issue money is a very important governmental control, if that is taking away from the government then that government is as good as dead. That is why government will fight crypto vehemently with everything at its disposal. Another scenario is for government to be involved fully in the development, regulation and issuance of cryptocurrencies. That way they are still in control. Fiat is not going away anytime soon. Enjoy this phase while it last. Government is coming for us soon.

[Naitik]

NO bank will not disappear but the use of banks will be reduced in the near future. if Blockchain can fit itself in the future then there is no need for troubling the bank for small transaction. Banks will provide only support services to the customers.

[Whisper555]

I do not think that the cryptocurrency will lead to the complete collapse of the banking system (at least in the next 5 years exactly). The state simply will not allow this. Already now we see how the system resists new ideas. Time will tell.

[mrkavasaki]

The thing that people are interested in is cryptocurrency is just a means of investment, and startups in this area are just introducing methods to support all areas, of course there are banks Same thing the ripple is doing

[Lilmon]

I don't think banks would get dropped to the undersoil just because other methods of trading and payments are capable of being implemented too, it is all about working together and I can definitely see that happening with cryptocurrencies.

[smoolae]

No, really don't think so to be honest. Normal people still use fiat money for their everyday needs. And fiat is pretty well handled by banks.

[Mimaville]

Banks will not disappear. If care is not taken, Banks will begin to offer blockchain services.

[Endank]

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

With all due respect for crypto and blockchain technology, I think a bank system is much larger than the crypto industry. Maybe the technology will be adopted by many financial sectors in the future, but the Bank is a system, with regulations and interests that will not be replaced by a direct transaction system.

[Euroda]

Well i do  not think so that the bank will dissappear due to  the crypto there are still a lot of people who feel safe when they save  they money on the bank but still it is much more safer to save your money on it than crypto but crypto isnt that bad as well

[myown2cents]

Well at the moment it's loud statements. I want to remind you that for all its popularity. Crypto-currency is not yet ready to accept the whole world. But this all moves. It can only be real in the future. We will see.

Yes in fact currently its not look like so easy. I think that banking system is not going to crash so easily, I think that banks will continue to survive for a long long time, because still a very little number of people have knowledge about crypto currencies.