is it true that bitcoin is a disaster for local banks

[fuer44]

can be. because more and more profit is generated by someone from itcoin, then when they exchange it to fiat in the bank, the bank itself loses local currency and that can cause inflation. more simply, the value of bitcoin goes up, and exchanged into fiat in large amounts, the bank must print more local money only to be exchanged for the bitcoin.

[zuziekatee]

How possible is this ? even if possible this wont happen soon . i am nit bothered about whats replacing banks or not. i only want to use the best at the moment and enjoy every single means that is available to make life easier. 

[Sobocirevo]

banks are afraid of Bitcoin’s because  it will lead to ripples across the financial sector, it will create new winners and losers, and it will likely decentralize banking services and create micro markets to an extent not seen since the advances of the barter economy and the market economy combined.

I think banks are not afraid of bitcoin, because banks know bitcoin is used by fewer internet users than banknotes users in banks that 100% need banks. But as a competitor, banks must continue to innovate so that users do not move using bitcoin, or even provide a place to exchange bitcoin. So the combination of fiat and bitcoin money will make people have choices.

[Ronyx]

No, I think the bank doesn't consider bitcoin as a threat, bitcoin has not been legalized by the government and also has not become a legitimate medium of exchange. Banks will feel threatened if the government endorses bitcoin as a currency, but it seems difficult to happen.

[thisav]

It is still too early to say that bitcoin is going to replace for local banks because bitcoin is not yet that popular compare to backs but the number of people using bitcoin is definitely growing. Bitcoin's feature is decentralization which cannot be generate by simply print it out. This is the biggest difference compare to banks where fiat money can be print out easily and centralized in small group of people.

[bright4mech]

Bitcoin is a digital currency, and have nothing to deal with Bank, accept when converting to local currency, more over bank benefits more from any transaction made, therefore bitcoin  helps Bank.

[bitcoindusts]

I personally don't view bitcoin to be a threat to banks, rather, bitcoin is a healthy competitor.

And i think that banks are starting to see that point of view that is why many banks are considering blockchain technology as their backbone. They saw how blockchain proves to be a worthy technology to create a tamper proof system where transparency meets full security. And as many banks opposes the decentralized idea, some are trying to mimic the same blockchain attributes under a centralized system.

[kucritt]

bitcoin and bank is work separatly and i think bitcoin is not affecting bank and anything, we know that bitcoin have the digital form and the banks have the money that have the physical form, so i think it dont have any relation with it

[samuraijin]

bitcoin and bank is work separatly and i think bitcoin is not affecting bank and anything, we know that bitcoin have the digital form and the banks have the money that have the physical form, so i think it dont have any relation with it

It could happen that what I know we have entered the world of technology, if all of you visit the country, of course you will be presented with a lot of sophisticated technology technology, and it is possible that in the future, all the instruments of exchange will be changed with a technology like bitcoin, and we know that many countries interested in the Blockchain method do not mean that they will not take advantage of the current blockchain, and that all banks in all countries have begun to be interested in the Blockchain work system, to protect everyone's funds, and all that takes time. to do it ..

[SemionDevyatkov]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Of course, because now we do not need to contact banks for currency. In fact, we return to the exchange of goods for goods.

[SashaBooo123]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Yes, I think banks are infuriated by this, a completely new currency that is not tied to the world market.

[AlexKuprinov0402]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

It’s not quite clear yet how tokens will influence the world market and what the creators have in their plans. Will it be a completely new market or all the same but with a new currency. But still, banks should be wary

[BCTalkaccountforsale]

Bitcoins are not the usual currency associated with banks. Bitcoin and the bank are two unrelated operations and the bank has also blocked transactions involving virtual currency. The development of Bitcoin also made banks worry because people are investing and hoarding Bitcoin instead of sending it to the bank.

[Nanagyasi]

I don't think it is a disaster to banks but rather a competitor. This is so because people can invest in Btc instead of doing savings at the bank. I believe the existence of btc should be a major reasons why banks should improve on their services.

[Angela92P]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Bitcoin problem for banks, or rather the problem for the central bank. Of course, if this is not the idea of ​​the central bank itself, but rather the managers.

[MixFresh666]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Bitcoin problem for banks, or rather the problem for the central bank. Of course, if this is not the idea of ​​the central bank itself, but rather the managers.

If the largest companies in the world switch to Bitcoin and by their actions pull other organizations along with them, then it makes sense to fear banks. When will it happen and will it ... Will the paper go away? How to take a loan to people? Bitcoin banks will appear. Let us return to what they left.

[AlexAF]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Bitcoin problem for banks, or rather the problem for the central bank. Of course, if this is not the idea of ​​the central bank itself, but rather the managers.

If the largest companies in the world switch to Bitcoin and by their actions pull other organizations along with them, then it makes sense to fear banks. When will it happen and will it ... Will the paper go away? How to take a loan to people? Bitcoin banks will appear. Let us return to what they left.

I think that banks can sleep well for a very long time. Bitcoin for a long time will be an alternative currency to the usual money. Or maybe he doesn’t have enough strength to sum up the currencies of the world today. It is impossible to predict what will happen in a year.

[Zicasu]

Of course they affraid. They did not planned anything.

[rishad quraishi]

I guessed it too long ago. Many of the local banks are owned by politicians and so that as they have political power to stop it, they will try their best to do it. Though it's not that very strong threat till today but it will be tomorrow. So I thing they already have started to think bitcoin as a threat to their banks and I think they are already on their way to make bitcoin weak or they are making a plan to make it weak.

[Angela92P]

I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks

Banks need a constant arrival and departure of funds, but cryptocurrency does not imply a commodity equivalent, therefore there is only in electronic form. There is no real possibility to pass it through the Bank, so Yes, I think banks are absolutely against the existence of such a currency