Will banks disappear because of cryptocurrency?

[efxtrader]

not. because whenever the bank will remain because the paper currency will continue to be used in the future even though many people use crypto in this world. so the bank will still exist even though the crypto currency has been used by people in this world

Agree, banks still needed. Many people still dont have access to internet and its make banks still needed by most people. If development of blockchain growing fast and adapting in current system, i think cryptocurrency will be favorite investment in the future

[awilliams]

I definitely think that banks will disappear over time, it might be a while but banks are definitely a thing to go. Everything is moving online and we will have a different system of 'banks' maybe someone teaching another person how to utilize crypto lol

[jpnl0006]

No it wont we still need the bank fiat wont go extinct even when cryptocurrency is adopted into the system for the interest of those who may no have access to internet and those who are yet to adpated to the present change

[dnovsckym]

No, I do not think so, most likely the banks will begin to adapt to new technologies and begin to interact!

[crzy]

I definitely think that banks will disappear over time, it might be a while but banks are definitely a thing to go. Everything is moving online and we will have a different system of 'banks' maybe someone teaching another person how to utilize crypto lol

Banks also do the online thing so It think they will last for good. We know that bansk also growing, and it adopts new technologies like blockchain. Its a matter of time before all the banks adopt blockchain, and this will make them more stronger.

[benjamin11]

Of course not. Banks will always be there because its already part of the society. Besides, its not crypto's goal to replace banks rather it provides options and reinforcements for the banks.

[PlusOne88]

I don't think they will. For as long as there is fiat which serves as a reference for the cryptocurrency, they might be able to continue since profit is still there. If everything will turn upside down, for example cryptocurrency will be the main currency and fiat will be less used or conversion to fiat will be less significant, perhaps it will be the time when banks will have to close for fiat. But certainly will operate on cryptocurrency mode. Which could mean that they will be staying for centuries until may be when the whole system and the human existence will be technologically advance to accept no more of any fiat currency. For it will less likely to happen that banks will be gone.

[ven7net]

Not so long ago I had the opportunity to hear an interesting opinion on the appearance of bitcoin and the fact that at the very beginning there was an encrypted message in which it was allegedly stated that the bitcoin is another chance for banks, this message can also mean release from the banking system . But I am bowing to the first version and confirmation of this is the news about the creation of a JP Morgan bank of his stable. It follows from this that banks will not disappear, but will simply switch to cryptocurrency and blockchain. In my opinion, this will also help the USA to solve the problem with its huge external debt. This is just my guesswork.

[aderidwan98]

My opinion is that the Bank will never disappear because crypto might change the coin exchange in the market, and have more support for direct banking, for example like Ripple who has collaborated with several banking companies So in my opinion, the Bank will not close because of crypto.

[sinta23]

not. until the bank continues to exist in the world even though many countries legalize crypto currencies. because not everyone will use crypto if I say

[cryptoblue77]

Banks are not going to disappear in the next fifty years, as there are still hundreds of millions of people don't have computer and internet access in their home and they don't know much about cryptocurrency.

[isen]

I do not think. Banks are key structures in the financial sector, people trust banks, and cryptocurrency for them is something new and wild. Of course, banks will not give up their business just like that.

[aris av]

The bank will survive, and even though cryptocurrency will become more popular in the future but banks will not disappear, and if in the future the fiat will lag behind, the banks will create their own cryptocurrency.

[belingbanged]

Banks still dominate until now and with the presence of Cryptocurrency it has no impact on the growth of the Bank. Cryptocurrency does have very good technology and in this modern era technology has become very popular. I am sure if the Bank will not be replaced, Crypto also continues to run.

[jpoker272727]

Banks will not be gone because of cryptocurrency.
All they need to do is change their way on having the business. remember that if you can't beat your enemy join them.
Therefore all they need to do is adopt the new system and they will stay!

[jakagintiri]

The bank will never disappear because only a small part of the world community is familiar with cryptocurrency and there are still many people who cannot access the internet. However, in the future, the bank system may adjust to technological developments and the growth of cryptocurrency.

[Coltpython]

We see JP Morgan launching its own cryptocurreny (JPM). They are doing this so that they will not disappear. Banks are getting aware of the potential in crypto so I think they will find a way to integrate it into their services. This is why I believe they will still exist for the time being

[jorenpo]

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not gonna happen. Not all people in the world uses internet. They didn't even know that cryptocurrency existed.
maybe bank adopts blockchain for cryptocurrency in the future.

[Catmurs]

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

Well, I think the opposite banks are now many take the technology of the blockchain and be better , then the banks will die, I certainly doubt it since they created was long and hardly something will replace them

[dhiraj0977]

I think at later stage cryptocurrency will be threat to banks, and all government banks might introduce their own crypto currency, but certainly, future is blockchain, the other banks must prepare to overcome such threat.