Will banks disappear because of cryptocurrency?

[sakuragi21]

It is unlikely that banks will lose because of cryptocurrency because banks are popular and popular and most people or almost everybody have bank accounts and here is their money. And many people are using the benefits of its like loans and so on. Because not all countries in the world have access to cryptocurrency so it's hard to replace banks.

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[escapeX]

I think bank system would modify and implement cryptocurrency in its system like a holders active, and will make money from that.

[Beccaman]

I think bank system would modify and implement cryptocurrency in its system like a holders active, and will make money from that.

I also think that banks will start using the cryptocurrency for their own benefit in the future, which will be good for both banks and the cryptocurrency

[semobo]

It was one of the reason why crypto currency were invented,but we are not using crypto currency for payment method so for now it is not going to disapper.

[Xardasim]

Banks are not afraid crypto currency and bitcoin because that they are protected by the state. Oposit - the owners of crypto currency are afraid that banks can destroy it.

Exactly. Crypto is stronger than the banks, but if there is enough supporters. Because everyone is interested with earnings, nobody cares about it. If banks say they will provide more profit than crypto, all humanity will forget about it.

[Nivelir]

I can only say that most people today do not understand at all why cryptocurrencies are needed, and how they will still be competing for banks. This is our problem. But banks understand and are already trying to destroy cryptocurrencies.

[Ditlycel]

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

Banks exist for a long time , I think at this stage it is unlikely that they will disappear , but of course there is a chance, but again the whole cryptocurrency is very much now depends on the dollar , and again on the banks without them there would be no cryptocurrency I think

[blokklanc]

I do not think that banks will disappear because of crypto but they will start using blockchain technology in their processes
and take advantage of it`s benefits. Banks will actively want to be part of crypto market as we could see with JP coin,
and this is only the start....

[escapeX]

I think bank system would modify and implement cryptocurrency in its system like a holders active, and will make money from that.

I also think that banks will start using the cryptocurrency for their own benefit in the future, which will be good for both banks and the cryptocurrency

I'm not sure that cooperation with banks will be useful for the cryptocurrency industry. It seems to me rather the opposite, it will contribute to centralization.

[TastyChillySauce00]

I think bank system would modify and implement cryptocurrency in its system like a holders active, and will make money from that.

I also think that banks will start using the cryptocurrency for their own benefit in the future, which will be good for both banks and the cryptocurrency

So many times the bank has stated if they are not interested in used crypto because they have owned fiat as their own currency, but if this will be a big trend in the future and they can't avoid this trend and the trend will be forced them all to join with us. They are only looking for blockchain system to improve their current system.

[arwani1985]

In my opinion the bank will not be replaced even though there is a cryptocurrency system because companies and also many countries have already used this system that has been formed and maybe the future digital payment preferences will become a new option

[ancafe]

I can only say that most people today do not understand at all why cryptocurrencies are needed, and how they will still be competing for banks. This is our problem. But banks understand and are already trying to destroy cryptocurrencies.

I think bank and crypto are always in line. sometimes to exchange crypto into a fiat form, of course the bank will be the intermediary and of course the bank benefits from it. well, but I don't know, I feel that some banks reject the development of this technology. however, in this case, I think the bank still has a strong influence.

[sempak]

I can only say that most people today do not understand at all why cryptocurrencies are needed, and how they will still be competing for banks. This is our problem. But banks understand and are already trying to destroy cryptocurrencies.

I think bank and crypto are always in line. sometimes to exchange crypto into a fiat form, of course the bank will be the intermediary and of course the bank benefits from it. well, but I don't know, I feel that some banks reject the development of this technology. however, in this case, I think the bank still has a strong influence.

Agree with you . thus, there is really nothing to shift but indeed bitcoin will eventually be able to grow because until now people also still need banks as a tool to save money or transactions

[gendang_cinta]

In my opinion the bank will not be replaced even though there is a cryptocurrency system because companies and also many countries have already used this system that has been formed and maybe the future digital payment preferences will become a new option

For example, XRP is used by many banks, so I also feel that the bank will not disappear, but there is a possibility if the bank will use blockchain technology.
but the most likely thing is that both of them will walk each other.

[cepot9]

will never be lost or replaced by cryptocurrency because the risk of the bank is much smaller than the cryptocurrency that is very risky and even then borne by you alone. the bank is the best financial system at the moment so it's difficult to replace it

[HatakeKakashi]

Banks will be there I think after few century because it is very useful in our daily lives and for sure we need that to save our money from the future. Bank is good for the people who wants to save money and very secure. My money that I earned in crypto was directly to thw bank so that I will secure my future if the cryptocurrency decreased more the value soI have money to use.

[tomboi]

The bank will not disappear even though there are competitors. The bank has a very strong security system. And Crypto is not a threat to the Bank, but the Bank and Crypto will walk together. Now in my country, Crypto works with the Bank. To withdraw funds from Crypto must go through a bank account number.

[JohnMacZeppelin]

Banks is a huge structure that sucks large amounts of money from its depositors and mortgage holders. These people just leave them, you understand that this is a huge loss for the entire banking sector. Therefore, I think that cryptocurrency is a real problem for banks.

[KennyR]

Banks is a huge structure that sucks large amounts of money from its depositors and mortgage holders. These people just leave them, you understand that this is a huge loss for the entire banking sector. Therefore, I think that cryptocurrency is a real problem for banks.

Banks might earn lot from its customers through different services. Banks are the primary financial structure supporting the growth of any country's economy. In this regard banks won't get disappeared with increasing cryptocurrency usage. Banks fear of the technology and try to adopt it, but bitcoin always serve as alternate to banking for large volume transactions.

[yakushev]

Banks is a huge structure that sucks large amounts of money from its depositors and mortgage holders. These people just leave them, you understand that this is a huge loss for the entire banking sector. Therefore, I think that cryptocurrency is a real problem for banks.

The fact that people invest in cryptocurrency, does not mean that they refuse the services of banks, the outflow of customers due to cryptocurrency banks just do not feel, especially after 2018