Soon we would not need banks

[larrylegend33]

yes yes! I was telling this from last 1 year, everyday! I believe that no one can stop bitcoin anymore, now in the world maybe billion people know about it and every new day there is more people coming and joining our cryptocurrency world. Too late  for the banks, and they have to be careful with all cryptos

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[geminiboy]

the world will not lose the bank forever, even in every country there must be a bank as a place of state financial transactions, with the existence of crypto does not mean that the bank will disappear from the face of the earth but regulation still exists

[akihiko]

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 dont know but this could be a big IMPACT to Entrepreneur and  ALL BUSINESS Sectors. but until now cryptcurrency needs more support and proof for this stability and effectiveness

[plr]

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 don't know if that's possible because banks are not only for storing our money, it has a lot of functions like currency fiat exchange, loan among others banks are existing for hundreds of years we will have to change the whole monetary exchange if we are going to do away with banks

[oni4an]

This adage applies only to developed countries. It is difficult to imagine that in countries with crazy inflation, electricity interruptions and clean water supply will be the basis of cryptocurrency. No, so the whole world would give up the banks need another 50 years, that's my opinion.

[Shtamm_oval]

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.

Probably up to this time is still very far away, as in nastasee time, all held at banks, and what would change all this will take time and is not very small, so you should not have so talk.

[Easteregg69]

My bank got a 2-way ATM. Money in and out. Does that make sense ?

I like it after learning how to use it.

[tracy2233]

Banks will be replaced by crypto banks in future as an idea given by Fred Schebesta that he will be opening Australia’s first crypto bank soon. This is his multibillion dollar idea which will make crypto bank a reality in near future. .

[Debu]

For me I think, it’s quite difficult as what he is saying, But also we need to admit that nothing is impossible, may be it will take longer time to happen like that because millions of people still remain unbanked, however a-lot 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 white paper. Certainly it's a long process before it happens so we need a lot of time to fulfill it.

[Kolikalex55]

I think that the banks will leave our lives not earlier than 70-80 years since now it is necessary to come a new generation of people who understand that the crypto-currency and the Internet can completely replace them !

[KenziCharlie]

sooooooo let's get back to the price... is it a squeeze with a break upside, or a head fake to the down side?
might go to zero, I know that
but I'm bullish in the long term

[Remainder]

The banks are important to us, even if you have a lot of money from crypto you really need to save it in the bank or it will be rotted in your place.

[Sumo]

I think this news is more hypothetical than informational. No one knows exactly whether cryptocurrency can replace banks and how soon it will happen. But the assumption is interesting.

[Trustor]

Traditional banks have made their existence irreplaceable and they are not just a mode for making transactions but they meet all adhoc requests of general public unlike Bitcoin which is constraint to only people who use internet. Decentralized nature of Bitcoin will never allow it to be anywhere close to being a bank.

[Ahsan Aly]

But first, need to Bitcoin have been run worldwide. There are very few countries that have installed BTC cash machines. There are several companies working on this.
But this is not possible yet. It could take more time to implement.

[fattyforhire]

Of course, I would like that to happen. But I do not think that bitcoin can really be a full replacement for banks. And banks have many other functions that are not yet under the power of bitcoin.

[Austino1]

I don't think so but rather about 90 to 95 percent of world population would no longer need banks. Cos 90 to 95 percent would be the people that would easily understand and adapt the concept of crytocurrency while the remaining 10 to 5 percent would not find cryto to be interesting. At the same time it will take saveral years for crypto to replace banks completely

[minhlee95]

This is just an assumption, because banks are now an integral part of our economic life, and it will take many years before they are gone. If that ever happens.

[rtm125]

I have little idea how bitcoin can replace banks. I use and crypto currency, and constantly use the services of the Bank and I do not know how, for example, will be able to pay utility bills through bitcoin, or take a loan.

[francesyrus]

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.

We still need banks/remittance centers/atm machine to exchange our cryptos to our local fiat and cash it out. Although we can pay bills by means of crypto currency we still banks because not all merchants accepts crypto currency.