Soon we would not need banks

[Nasonn]

I'm sure people will still have to use fiat currencies thereby needing banks. What other means we will use to buy crypto if not through our bank accounts?

[riyarana1123]

I think it can be possible because now many countries introduce bitcoin in their nations which is actually a good news for bitcoin at the same time for people and investors of bitcoin as the bank work as a middle man to regulate money and when bitcoin use as a medium of exchange people get multiple benefits from it.

[delphic]

That makes sense.The right outcome.For a long time all switched to online banking and online shopping.No one wants to overpay the Bank.Especially large fee for krupnye amount.Bitcoin will help in this.Time passes, everything changes, our children will definitely switch to cryptography.

[henke1]

Too Big to Jail & Too Big to Fail: No Evidence of Individual ING Banks Knowingly Aiding the Money Laundering

https://news.bitcoin.com/netherlands-largest-bank-ing-group-fined-900m-for-money-laundering/
 

[crzy]

I'm sure people will still have to use fiat currencies thereby needing banks. What other means we will use to buy crypto if not through our bank accounts?

Yeah, yeah, long way to go for this one. Not everyone owns cryptocurrency and for them to have it they need to use fiat money. Banks will never be die, those are owned by billionaires and they will not let that things to happen. I believe we will live in a world with these two things, banks and cryptocurrency.

[Kelvinikke]

The main reason behind the generating of cryptocurrencies was to create another way which we could use it to transfer and make payments to each other without the use of our central banks so if bitcoin is really accepted with time then i guess the use of bitcoin will be lessened.

[Blessing97]

It's really too early to say for sure, but I guess we'll all just have to keep our fingers crossed and wait to see what exactly the future holds in store for each and every one of us.

[Maamejane]

Absolutely, banks will not be needed since they will not be able to provide us with the kind of interest we need and due to the recent insecure nature of some of their activities will just shun people from their services.

[Cloak1]

I don't think that we won't need banks anymore. I believe old people still depend on banks since technology of cryptocurrency is not easy to understand by their age. Besides people who live in remote areas won't easily use the technology.

[mklost]

It is absolutely wrong. We always need banks, Banks, and crypto is not the same. And the CEO of Bitcoin Cash is very good at bluffing. I am not agreed with him! We need banks for the various reason. I am cashing money from the cryptocurrency and I am saving in banks! Because I need backup in real cash not in the crypto! Everyone needs a good amount of Real money. We shouldn't rely on digital money. To keep real money as a saving, we need banks!

[deearr35]

True. Time will come that we will not be needing banks anymore. Cryptocurrency is more convenient than banking.

[umrohyuk]

I never think that crypto will no need banks anymore. The world need banks very much even the crypto and blockchain technology offers simplicity ways but banks is need. Where we can withdraw our money if there is no banks, now Banks is still the one only an authority that we can take and withdraw our money. Bank and crypto should work together.

[budrabut]

where did you get the information or issue? You have better to mention the links or sources on your post. As we know now Bank is offers and help our daily life for saving and withdraw our money. How the world is if there is no Banks, we are probably difficult saving our money. Even Cyrpto is simple, buut it has no an authority to withdraw our money. It is just way to earn and invest.

[raventnc]

The world can go to crypto but it will take a while. I do not think it can be soon because not all countries have heard about crypto nor blockchain. It will take much effort to achieve this.

I think so. It is subjective for every country to accept it because banks has already the trust and it has a big role to the environment of a certain country. If it has to removed and will be replaced by crypto, it has to reset everything in terms of financing and saving money

[omorfi]

Thanks God we have a value trasnfer technology like that. I hate waiting in the bank queues. And there are too much unfair transaction fees. They do not deserve to earn so much from the transaction fees

[Atlantic12]

the world is gradually going digital but that doesn't mean banks will disappear. Banks in 15-20 time years will be transformed or will form a strong body with crypto in order to operate with digital assets such as BTC.

[MoreMoneyHunt]

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.

He is not bluffing because cryptocurrency is capable of causing a great disruption in the Banks, however, the exact time for this revolutionary turn to occur is quite unpredictable as most people still remain ignorant about cryptocurrency. For now, both banks and crypto will coexists with each delivering its quota to the betterment of payments.

[BitcoinPanther]

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.

He is not bluffing because cryptocurrency is capable of causing a great disruption in the Banks, however, the exact time for this revolutionary turn to occur is quite unpredictable as most people still remain ignorant about cryptocurrency. For now, both banks and crypto will coexists with each delivering its quota to the betterment of payments.

Its not that they choose to be ignorant on cryptocurrency, i'd say it's more like they shy away from it due to uncertainties on the nature of cryptocurrency, the processes involved and nag on security.

We have to admit it, cryptocurrency sounds much of a big word especially to non-techie people. And how it works is a whole lot more difficult to explain in layman's term. If a person tries to really understand what cryptocurrency is and how it can replace banks, it will take the general public not inclined to technology to grasp.

And as much as i myself would love to see the majority of the population actively choosing bitcoin over banks, i'm sure that it will take a whole lot more years before it happens. And i'm also sure that banks will not easily give up, its either they will continue to resist bitcoin and prove they are better or work with bitcoin and prove they can be better. #winks

[julzcoinbit]

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.

Sure? Is there any proof like a link, so we can witness as well. But in my perception, I believed it will come to the future that the whole world will be use crypto which is the result of the evolution of technology, but it takes a long time before it can be happened.

[Indai24]

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.

Sure? Is there any proof like a link, so we can witness as well. But in my perception, I believed it will come to the future that the whole world will be use crypto which is the result of the evolution of technology, but it takes a long time before it can be happened.

I don't believe that banks will not be needed soon, both are beneficial to us and they can work together inorder to improve our economy.