Will banks disappear because of cryptocurrency?

[kkaroul4]

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?

therefore if I think the bank will never disappear even though there are already many people in this world who use crypto for transaction tools and become future savings, the reason is that the bank is the safest place to store our assets

[Karlblaise1]

I can remember seeing this topic on a different thread before now, Nevertheless; our major concern is to ensure the easy permeability and accessibility of cryptocurrency globally. We look forward to when cryptocurrencies will be used to pay up for products such as foods in a restaurant, snacks in a shop, etc.

To answer your question concisely; i see the banks helping in championing this cause hence; banks are expected to bow to the global pressure of adopting cryptocurrencies. This doesn't imply closing down, but expanding the scope of their operations.

[Gilliffyn]

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 doubt that the banks will disappear, they are on the contrary now trying to cope with the cryptocurrency , I think there will be and buckney and cryptocurrency!

[cevap]

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

Be sure banks will fight till the end before they let crypto take over their market. Banks are the one who have the biggest impact on earth and have unlimited means of protecting their business.

[ataki]

I do not think that  banks will disappear, it will be a long process. I think that banks will take the benefits
of blockchain  technology and incorporate it into their services. Banks are also investors in blockchain
projects so I think it will be a win-win situation.

[vvalaby]

I don't exclude such option. Perhaps the cryptocurrency was prepared for this purpose - to replace banks of the whole world, and together with them to remove also money habitual to us.

[lichnosam]

It is impossible to happen bank is more powerful than cryptocurrency.banks made life of people easier but maybe it will also happen but a several years mayne 30 years from now.

30 or more, I'd say. The world doesn't have a uniform distribution of wealth, so some countries will need cash and banks for decades to come. Crypto still provides good alternative to banks.

[btcrut2017]

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 dont think so. Banks are needed so far. Most of the people are using banks but not crypto currencies. There are still more to do with crypto and bank is already stable.

[lancer10]

It will never happen, cause as you see... the bank is more stable and has a good history financial back ground than this cryptocurrency. Also, crypto can be a part of bank transaction ( like in our country, Security Bank )... so it means that the crypto is already a part of one bank and it will never ever be a threat or a damage on those bank around the world. More or less, the crypto will disappear if the scam works is still working on this market. What do you think?

I agree that people still trust banks more and crypto needs to be integrated into the banking system but without losing its decentralized nature. Tough but doable.

[Inastran]

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

bank syste  and the ststem of the xyptocurrency are very different so idobot hink that they can replace each orgther

[high110]

I think the banks will not disappear. These are very strong structures. Many of them use modern technology. Some banks are already using Ripple technology.

[castiloros]

the Bank will continue to work despite the crypto also continues to grow. so between the bank and the crypto will be side by side with the good. the State will continue to remain requires bank as one of the economic managers who will be able to make a market in a balanced condition.

[Adecrypt83]

Not all, we need both of them and they can co-exist. Banks is a critical part of the world’s economy and it will take a while before Cryptocurrency can take the role of banks in our society so they all need to exist together.

[Blyssaely]

I don't think that banks will stop working over crypto and why they can exist side by side with coins?

[BravO_o]

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

How can banks disappear? Countries and States are kept on banks. A cryptocurrency is not yet ready to replace the national currency. And it is unlikely to happen at all

[lotfipro]

I don't think so. At least in the nearest 50 years I'm sure that they won't disappear. The work of bank is very important. There should be new banks which are based on blockchain with usage of smart-contracts.

[infested999]

I think banks and crypto currencies will both last in the future because are different and people need both of them and I don't see why they wouldn't co-exist.

[mitchel_am]

Banks will not disappear because banks are very strong organizations and for sure they will exist along crypto in the future.

[gulshan1]

Banks are the main use of all business and people who are involving with the money to give and accept for buy or sell any thing in the world. Banks are working from very long time and now people are habitual keep money in the banks for needed transaction. So banks can not disappear at any cost at all.

[Kazkar]

In order for all banks to disappear, the collapse of the monetary system is needed. In modern economics this will not happen yet.