Will bank and crypto industry unite or be linked?

[travelhelperio]

If this will happen is it possible that decentralization be compromised?

I Think one day decentralize system will be controlled in centralize way, think Big.

[aldrin6697]

Yes banks in japan and korea are already into it accepting that bitcoin is the future of money and will soon be recognized all over the globe.

[batang_bitcoin]

They can regulate and monitor transactions but I don't think that decentralization will be compromised.

Before most early people who are in crypto's didn't assumed that there will be a way to be linked with the banks. But everything's changing today and this can gain more money to flow so if ever it will happen, I guess it's fine.

They can't supply coins if ever they'll be in.

[organelles]

If this will happen is it possible that decentralization be compromised?

The only linking that will be happening between banks and crypto is banks being used as a medium to purchase crypto with cash. After that there will be banks that will be offering saving options just like they do with cash now but that is only to hold your coins for you if you feel that the coins are not safe in your own care. Decentralization will not be compromised

[tamango]

I think that this might be possible only for non traditional banks because traditional ones have only interest of maintaining their privilegies

[CryptoAlphaStar]

What a lot of people don't understand is that banks are working to provide the same service and functionalities as crypto. Fast, feeless 24/7 transfers. Not because they want to, but because blockchain made them do it. So, it will be pretty much the same.
Only the decentralization will be the difference, which is not a small difference.

[bigcash2011]

I think sooner or later blockchain technology will also be applied in the banking sector, that is for sure, the real question is will the traditional banks also start crypto related services like creating crypto wallet accounts, buying selling and transferring of crypto,exchange and cashout of crypto and other financial services.

[oseikuf44]

Banks and crypto are already  in collaboration but not in larger scale, most cryptocurrency purchase is done with bank swift transfers and the banks don't have any issues with such transactions .

[chokomenia]

Yeah sure I believe in the future, banks will work closely with some crypto project for financial inclusion though i didn't expect that to happen now, it will take a little while before we start to see that happen.

[HertzCoin]

Most likely crypto will change the banking system beyond recognition. Some of bank functions will just become obsolete and others will have to adjust to the changing environment.

[PETES]

Most likely crypto will change the banking system beyond recognition. Some of bank functions will just become obsolete and others will have to adjust to the changing environment.

Definitely. And blockchain will resolve somehow those banking issues that can really iinovate the banking system. I still didn't see banks that directly uses cryptos yet I know a bank that partnered an ICO and this is somehow significant as we're more likely to see that they're now open about this new innovation.

[Gufeng]

If this will happen is it possible that decentralization be compromised?

I am not an expert in that so I cannot say for sure but in my opinion banks need to do something in order to stay swimming and not to sink. I think that those were working in banks is really smart people, they will invent something.

[provide_life]

I think not, because it is in principle different concepts with different internal organization, although ripple crypto currency belongs to banks, but it is difficult to call it a crypto currency.

[solarion]

Most likely crypto will change the banking system beyond recognition. Some of bank functions will just become obsolete and others will have to adjust to the changing environment.

No only recongnization even on regulations side bitcoin and other decentralized cryptos can be used beyond that. If possible you can invest on centralized crypto currencies which can be goes with banking acceptance like ripple and etc...

Other than that there is no need of banks intervention on using the bitcoin.

[fdsar]

To my mind their unity will be more promising and profitable for both of them and bein linked will not have such strong and confident potential that it could get.

[josecarlos2016]

Yes, we should not rule out such a turn of events. For example, the national cryptocurrency of Kazakhstan is being actively developed. And it will be fully tied to the Central Bank.

[goshay97]

I believe the banks are going to attempt to co-opt the movement and try and take it over.  They will scare the public to make them think decentralization is bad and we will have one giant public ledger and be taxed on everything.  So my vote is for hostile take over. 

[viktoriya1945]

I think that will be, I recently read about the dual-circuit financial system. The first circuit is a dollar system, the second one is a financial system built on yuan and for the interconnection between them, a crypto currency will be used that is independent and not tied to any banking system.

[luckydevil2021]

Well we can see an intermediate model, which I think is what Ripple is doing, doing business and partnering with different institutions to offer services that please both audiences, I think in the end it's going to have to be something similar, because otherwise the banks will start to block the accounts of people who are working with cryptos and that would really be a problem, because it would be a disadvantage to the people working with cryptocurrencies and I think we already have enough inconveniences.

[Caelanpelley]

Bitcoin transactions are performed on a networked computer without a bank. But when paying money, to change the cash to use through the banking system. Not all banks accept bitcoin transactions. So I think bank and password should be better together.