Will banks disappear because of cryptocurrency?

[hell_slayer]

I don't think so . Banks rule the world, so they won't go anywhere anyway. If the society is ripe for a request for blockchain technology in the banking sector, then banks may use it, but they will not have to disappear anywhere and they will continue their work only slightly changing the technical equipment.

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[takngantuk]

no bank will never disappear, but they will definitely adopt blockchain technology to use on their platform. I am sure the bank will do that sooner or later because they will never turn a blind eye to technological developments, especially in the financial sector.

[futurefuturecoins]

I do not think that banks will disappear in the near future. But I think that banks will begin to actively introduce modern and popular cryptography technologies into their work.

[hashpuppy]

Banks will not disappear, but will be transformed in "Crypto Banks".
Where clients can securely store their crypto assets without fear of losing keys or hacking.

I don't think there will be "Crypto Banks". You save your money into the bank and the bank will use your money to lend to others to get profit. With cryptocurrency, the bank can not lend to others

[neli234]

Personally, I think part of it will grow as a financial tool like gold, $ .. Part of the crypto will grow as a black market.

[wizardcrypto]

The banking industry have a great role to play in the financial industry and across all levels of  sectors . the banks have it own unique features of storing valuable items such diamond and expensive material which the cryptocurrency lacks . but l strongly believe that both industry can work together to reduce financial risk to it minima level . hence to my observation of the revolution of cryptocurrency the bank will work with collaboration with crypto tech Giant  to make financial transactions more efficient for all. the banks will still be in the future .

[asepsetiawan1990]

In my opinion, the existing bank is starting to pay attention to the blockchain system. But there are many things that compete with banks. In addition to cryptocurrency, there is a system that is quite a concern for banks, the stock market. But for now the bank is still monopolizing the existing financial system.

[a4illusionist]

I don't think that banks will disappear but they will integrate themselves with cryptos and evolve into a much better and trustworthy system. And when that time arrives that would be the best time for cryptos and i believe that is not far away, soon the world has to accept cryptocurrencies.

[mastersay]

No. Banks will still be there. Cryptocurrency is still digital currency and its price is volatile, so no fix price. Not like the bank that is heavily monitored and cannot be easy to steal. Unlike cryptocurrency that it has a larger risk.

[yescrypto]

Possibly no. Bank is an entire life company invested in this world which will still remain being a bank no matter what currency is being kept in there. And if worst comes to this bank can only partner with crypto like some are already doing and some bank will have their own crypto currency project, but disappearance of banks cannerver happen.

[crzybilly]

They will not disappear completely. I hope that the mass adoption will happen and there will be a lot of crypto banks. I think I have heard about at least 20 ICOs that are going to open up a crypto bank.

[donass1]

This will really take a long time to accomplish. Fiat is still relevant and cryptocurrency companies understand this need and that is why they provide access to fiat. However, the word is calling for independence and with over reliance on dollar and economic disputes between America and China, Cryptocurrency may become the definite alternative in future.

[S[m]OKE]

As soon as the state cannot control the flow of money, it will fail, and the crypt will be just this anonymous system, so it will be difficult for it to enter the general flow.

[Pline]

I bet banks will disappear even without crypto affect. That should happen because all transactions are becoming digital and we don't need bank offices for deals. First stage is reduction of offline offices and second step is appearing of crypto banks operating with both crypto and fiat

[biznes35]

Your judgment is strange. Banks can redirect part of their funds and capacities in this area and increase their capitalization. What's wrong with them?

[Trinity_boy]

That's quite a tough question actually but I don't think banks will collapse even if in the future, all currencies become digital. We have to remember that the banks functions does not limit to savings only. They also have mortgages and they also process corporate actions such as mergers and take overs or bankruptcy among others. What may happen is that banks will just have to accept cryptocurrencies for all their transactions.

[Perkovic]

I do not think so. it seems to me that cryptocurrency and banks will exist in parallel

[Komandor8957]

A collapse in the banking system will not be for a very long time. Banks have existed for 700–800 years, and during this time they have created many mechanisms for protecting themselves against anarchically-minded instruments, such as crypto.

[dinamo1979]

My opinion is that there is no difference in the money they sell or buy, the main thing is that they are used. If the banks disappear, the money disappears, and all this loses its value. Banks will never disappear, and Bitcoin will never be in cash.

[ipsec]

Of course not. Cryptocurrency, namely blockchain, brought to the banking sector faster transactions at a lower cost. They also benefit.