Soon we would not need banks

[bitcoinerror]

I do not think the bank will disappear but the bank will probably see the potential of blockchain and cooperation with Bitcoin. Because blockchain is the most advanced technology today has a great influence on the bank.

[olarrtt]

This is my opinion too since I first met my bitcoin. As a person working in the banking sector today, I do not think the banks will survive in the near future. Cryptocurrencies can change the financial system completely.

I think the bank will survive in that it will be transformed into something else, because if the regulations proposed now later works out , a part of the government will act as a bank but it won't just be called bank

[Impulseboy]

I am not sure this is going to be true. To be honest, I think the crypto world will have a hard time eliminating fiat and the banks. But perhaps it could exist side by side, so that people will have a choice whether they want to use cryptocurrency or the traditional banking. What do you think?

[Theizestooke]

This will be happen in near future because the world is becoming digital according to time. but this process will take huge time to happen this.

[Spaffin]

Maybe you or others can do without banks. However, in general, a society without banks will not be able to manage. Many people still take loans from banks, place their savings on deposit storage and are not going to refuse banking services. Legal entities in general, in my opinion, will not be able to do without banks, as banks serve their accounts. The state and its bodies can not do without the existence of banks. The banking system serves the country's budget, state banks have become almost a part of the state. Therefore, banks will always exist.

[megalith07]

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 inquiry is how soon it will be or is it extremely conceivable to occur? Since for me it is unthinkable that banks will end up futile later on as this foundation is the most trusted and the most secure place to keep our cash simply like it is incomprehensible that fiat will be supersede by the BTC later on. BTC is great as elective investment yet not for genuine spending.

[rosemary4u]

I think banks and crypto can co-exist. This is the future of the world's  finances, although the popularity of bitcoin is on the rise, it is hard to say that bitcoin and the other crypto will replace the banks. The future of bitcoin looks great, but the banks would surely exist by incorporating crypto into their activities.

[Affilate User]

I think the future will still need a bank because I am sure there are some people who still use paper currency and do not understand digital currency so they have the right to choose to keep using paper currency and still use the bank to store the assets they have.

[Dimonhamon]

I think that's true. Because Bitcoin is better than a bank. You yourself manage your money. Bitcoin works 24/7 always and everywhere. It is very convenient.

[Kovanyy89]

Maybe he's exaggerating. It doesn't seem like we won't need banks really soon. I think that may take decades and centuries.

[Yamifoud]

Maybe he's exaggerating. It doesn't seem like we won't need banks really soon. I think that may take decades and centuries.

It absolutely banks still remain even cryptocurrencies are widely used by the community. We even think that not all establishments will do accept any crypto currency payments and besides, we can still have banks for deposits cause online wallet isn't secure than of the banks. This is the way we took safety assurance to our money.

[magmar]

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.

 I think banks because things will hold our cryptos  or coins for us not our money already i think that will be the future of banks since many banks nowadays are threatened by cryptos existence

[iconternal]

but in my opinion the bank will always be needed in this world, because not everyone will be able to understand crypto and we need a bank for transactions.

[mornabo]

I don't think it will be soon, it must be need to some time because I don't think they don't need central bank.
it will be happend in the future but we all dont know when this will happend.

Even for the long run though I'm not sure the bank system will be replaced, the bank is not only a place to save money for many people dude ? but many other functions, such as borrowing funds, controlling currency circulation and many others, I'm not sure the bank will be replaced by another system?

[shesheboy]

I don't think it will be soon, it must be need to some time because I don't think they don't need central bank.
it will be happend in the future but we all dont know when this will happend.

Even for the long run though I'm not sure the bank system will be replaced, the bank is not only a place to save money for many people dude ? but many other functions, such as borrowing funds, controlling currency circulation and many others, I'm not sure the bank will be replaced by another system?

many people said that cryptocurrency is already a bank and it is better than a bank because we are assure that our money is safe because there is no single authority that holds it but in banks there is .  centralized is bad and old , we need something new and safe like decentralized such as crypto currency .  so imo banks are now threatend on what cryptocurrency can do to them .

but in my opinion the bank will always be needed in this world, because not everyone will be able to understand crypto and we need a bank for transactions.

crypto is not hard at all and anyone can possibly be able to understand it as long as they know how to read and write .  cryptos can also do what banks do and that includes processing a transaction .  so overall , banks arent that important at all .

[aryaadikariyansyahsuwarto]

I am very agreeable with you, the crypto world is not supposed to be entered by banks, let alone use the bank system. the bank system will complicate cypto, a system that uses interest will hurt its customers !!

[fuer44]

even though he said that, it did not mean that the bank was no longer needed. there are many things that must be solved for the crypto world. the first, even though there is cash, but bitcoin is not yet a global currency that is approved by all countries to make transactions. therefore, banks are still needed by crypto users to exchange crypto to fiat.

[kiansantan]

if the proposed regulation is now successful, some of the government will act as a bank but will not only be called a bank. In my opinion, the bank will survive in that case it will be changed into something else,

[Patient_Zero]

Yes. This is completely true. Banks really after years 10-20 will simply be unnecessary. And there is nothing wrong with this in the global sense. Only people working in the banking sector will suffer

with bitcoin currencies we are no longer in contact with banks, because we store bitcoin in our wallets, and wallets are banks for bitcoin, for every transaction all recorded in the blockchain recording machine, blockchain is a tool to record all transactions in bitcoin, and banks in bitcoin do not serve loans or credit, so in the future bank functions will be replaced by bitcoin.

[4rzun4]

The Bank will always be there, and certainly always needed, because it is under the supervision of the government which is recognized for its existence and protected by the state or government. Cryptocurrency or bitcoin will probably develop as technology develops, but how much crypto will grow, it will not be able to make everyone leave the bank.