Soon we would not need banks

[Saveplus]

Yes due to fast growing of bitcoin sooner or later banks will disappear and they will use bitcoin in their transactions.But it will take  a long process for us before it was happens.

[emberbekas]

The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.

The facts that occur in the field say another. Acceptance of crypto currency as a payment tool is still a difficult obstacle to solve. So in my opinion such statement is just a bluff.

[yitzjoe]

when crypto with blockchain has been received 70% and is used by the world population, then they already have their own bank in their hands with a secure wallet that can be applied to all payments and businesses. this is crypto's future

[jameswell]

As a forum member stated previously, Bitcoin Cash does not belong here and what their "CEO" (btw, I never heard there is a CEO for BCH") says does mean anything.

In terms of the banking system, I believe there will still be Central banks and commercial banks and investment banks in the foreseeable future.
Cryptos, especially Bitcoin, will co-exist with the Fiat and Central banks.
As long as the regimes exist, so do the Fiat and the Central banks.
It is hard to believe that those establishments and the "old money" would give up what they already have.
I think the Bitcoin stands for the "new money", and it is a revolution to the global financial system.

[OcTA Bd]

Well it's now matter of time. Technology has give banking system to our mobile phone. We can transfer money or do anything that's related with the banking system very easily by our mobile apps.
After introduction of crypto trading, people prefer crypto currency rather than hard money.
So, yes one day will come when we won't need any bank.

[killat]

Technologically, crypto could replace any Bank in the future, but this will not happen too soon. One of main constraints of crypto is adoption rate. There are still a lot of people that did not hear yet about Bitcoin or altcoins. When adoption rate will increase significantly, I think banks will start feeling more threatened.

[Golftech]

when crypto with blockchain has been received 70% and is used by the world population, then they already have their own bank in their hands with a secure wallet that can be applied to all payments and businesses. this is crypto's future

More interested adoptions can make things possible, facts remains that banks still existing due to people who still cater their services, people who doesn't embrace changes and will let banks to continue to prosper, if blockchain succeed with the stable system and more government support this innovations then
business between big banking services will switch with people who loves holding their money with blockchain technology.

[polyballz]

The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.

Anyone is free to predict anything. But the Bank will not become extinct in the near future. because there are so many people who have been tied up with banks like borrowing money, or guaranteeing goods to banks, and until now the bank is still the favorite of people to save their money. I think they will change their business model to adopt the situation and continue to do thieves as they do now. The way Rogar predicts does not affect the banking system, the same way as Warren Buffet's negative predictions do not affect the cryptos.

[royalfestus]

Such profess of not needing a bank is out of too much excitement. This may never happen in the foreseeable future. Even the most crypto friend countries do not make such proposal. The space should just work on improving the currency feature of the coins and widen the use to a larger community. When it is accessible and easy to use by every individual then it becomes more indispensable.  

[Irvinn]

The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.

This is a very stupid statement. The main thing is that the states can not do without banks, because they need to conduct all through the banks that are related to the economy and its financing, all the implementation of the country's budget, financing of social programs, everything goes through the banks. Therefore, the state will not take any measures to change the existing status of banks and, as it were, who did not state the other, the banks will fulfill their very important role in society. In this case, the Crypto-currency will not play such an important role, it is likely that it will be widely used only by citizens.

[jeffer8035]

I want to tell you that it is very possible and that in the future there are no banks the technology that we have here at this moment if it is applied as we would have our banks in a PC or a telephone or a table or any device or even included in paper and in multiples ways even in a micro chip and today we do not need banks and people are stopping going to the banks everything we do electronically the ones that are crazy are the banks that do not ally how to stop the change to the new technology making media attacks and its platform but as it is distributed all over the world and it is anonymous it is impossible to track and which has them crazy, the best thing is to invest in bitcoin

[Siren]

The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.

Only fool like you and that CEO will believe in that crap,and you really think that cryptonians will buy that story thinking that CEL OF THAT DAMN COPYCAP BITCOIN CASH Is talking?lol nothing is truthful if the words caming from them.

Banks will adapt the crypto technology in future so theres no serious thing about crypto taking over all of this because banks will live witj crypto

[kesmex]

I don't think like that, I think the bank will continue to be trusted by the public in saving their money, and the bank will continue to operate for a long time, because not everyone knows and believes in crypto.

[kucing garong]

I think it is impossible, because the currency of a country itself is unlikely to be replaced by the presence of bitcoin, but if the banks collaborate with Bitcoin later it is possible, because it can be a stepping stone to make the economy in the country better again.

[RingWiki65]

The banking tradition are running from the ancient age and people of every country has deep faith on this system and it is not possible to elope this tradition but bitcoin may include in this system.

[bright4mech]

The world is really growing fast every day with a new technologies and mobile apps which Blockchain are involved to make it transparent, therefore, it work faster by using bitcoin, for any transaction as long the third party accept bitcoin wallet. Which more faster than going to bank with stress.

[haidil]

The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.

the bank will definitely remain. because not all use crypto. and people will be confused about how to use it and it will take a long time.

[Spain2000]

may be it is true that bitcoin is the good enough but banks will be there to operate normally people believe that banks is the safe place where they keep their savings and it is easy for the old people too they keep their pension in banks and receive some interest over this money.

[thesmallgod]

if he is talking relating to cryptobank taking the place of traditional bank I think that will be unrealistic. eventhough billions of people still remain unbanked, however alot of people are still out there that do not know anything about bitcoin. many country still see crypto as a threat to financial policy and this has led to some of them banning crypto. many cryptobank project have not been successful despite having goal oriented whitepaper. crypto can not totally take the place of fiat

[Caxton10]

I'm thinking if banks are no more, it means that fiat currencies too will collapse and this won't happen easily. It's fiat currency that we keep at banks and so if everyone has moved to crypto then we will have no use for fiat anymore. Besides development is not at the same level in all countries and hence it will take a long time to move away from banks.