Soon we would not need banks

[Teawhalee]

Banks are not going  anywhere. All this kind of talks is just to phsyche people and make them happy. Just watch it. Crypto will exist and banks will also exist. Crypto for now need some adjustment before we can begin to say it will replace an old system. This is still a long term dream.

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[Yudai]

I think it is not true that we would not need banks. The bank's role will just be different. I am sure that they will combine with crytocurrency to provide many who use the bank a different kind of payment service.

You have a nice point and I do agree with that. There is a lot of things that banks can do. It does not specifically do not need banks in the future because I believe that there is still use of it.

[joganuts]

I do not think so though that we would not need banks in the future. Maybe banks will have a different use in the world and cryptocurrency will have its own use also.

[YinShuiSiYuan]

It would be a beautiful day when banks would no longer be needed. But probably such a moment will not happen. Banks are deeply rooted in the global economy and companies depend on bank loans. The banking system may change but it will not cease to exist.

[Snyderfx2]

I do not think so though that we would not need banks in the future. Maybe banks will have a different use in the world and cryptocurrency will have its own use also.

We cannot think such major organizations will disappear in the future but like you have mentioned they will have a different tasks in the financial world if bitcoin become a mainstream currency in the future because most transactions will be done using blockchain network with bitcoin and other altcoins for better effectiveness but banks and other centralized organizations may continue because they provide very essential services for other areas in the commercial sector to help run businesses and many people depends on them so we would see a balance combination between banks and cryptocurrencies in the future world   

[pragna]

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.

Ya, when most of the county in the world will accept BTC and cryptocurrency there is no need of bank as well as. If you can start a journey in digital way without bank so why you will go to bank. It is more time consuming when you go a bank and your rest of the work go behind it. So we hope one day the world will be without of bank.

[policeoo]

Great things are going to happen. Most of the people realized that crypto currencies are the future and they accepted it. Also, most of the countries see their potential as currency. Soon the banks won't be needed that is true. e already don't need banks for so many transfers. We will use more and more crypto currencies as time goes on.

[thinkright]

Even though crypto is doing well, it wouldn't completely wipe out the operations of banks. There are certain tasks that need to be carried out in a bank that crypto doesn't address. Besides, in most developing countries the majority of the people aren't technologically inclined and how much cryptocurrency. They massively resist this changes and would prefer the traditional ways of doing things. So there will still be the need for banks while crypto being supplimentry.

[randegibran]

in my opinion the bank will never be lost because not all use crypto. and there are still many who use banknotes because the bank will always be there

[thankyoulord]

Even without further debate, we should know that banks can't be fully eliminated, even with crypto gaining all grounds it needed. Banks render a lot of financial assistance that I doubt will be easily eliminated. So to think that banks will be no more, I really don't think it will happen. Look at the pace in which technology is developing, financial institutions will also develop, so banking system will definitely gain its development.

[MMysterious]

Even without further debate, we should know that banks can't be fully eliminated, even with crypto gaining all grounds it needed. Banks render a lot of financial assistance that I doubt will be easily eliminated. So to think that banks will be no more, I really don't think it will happen. Look at the pace in which technology is developing, financial institutions will also develop, so banking system will definitely gain its development.

You are absolutely right. Banks has power into our society and even with the help of cryptocurrency I dont think that banks will be eliminated because even as of these very moment banks doing anything in their power in order for them to integrate into blockchain technology or adapt the cryptocurrency. Maybe as a middleman or as safe keeper of our funds maybe on that matter they will be eliminated because of the change that crypto will bring when the whole world will adapt it. If all banks accept the change that crypto will bring I think there is no danger for them just like people is telling about.

[bakermaker123]

I think, there will be a time that this would truly happen. With the advancement of the system of bitcoin and the other cryptocurrencies, this phenomena will surely be not impossible.

[ict]

In my opinion. he just bluffed. in this world the role of banking is very important and becomes one of the economic centers and financial transactions. so that the bank will not suffer from our lives at any time even though the crypto currency has dominated digital transactions. and everyone has relied on the bank to store assets and the bank has also helped provide business capital loans to all who need it.

[Manyurara]

it's great. we don't need to take money when go out. but i think we need banks. i don't want my money hacked

[Pattart]

In my opinion. he just bluffed. in this world the role of banking is very important and becomes one of the economic centers and financial transactions. so that the bank will not suffer from our lives at any time even though the crypto currency has dominated digital transactions. and everyone has relied on the bank to store assets and the bank has also helped provide business capital loans to all who need it.

Thats right, the bank system has been deeply embedded in the economy of the community. bank not just a place to save money, but bigger than that, many people work in banks, many people are dependent on borrowing funds at banks, many people profit by saving money in banks and other things..

[remuy24]

people cannot leave the bank, while now crypto still confuses people. Unconsciously there are still many people who still depend on the bank, while for the use of transactions using bitcoin this is still a matter of debate everywhere.

[kkaroul4]

no. because until now the bank still exists and will not be replaced, because crypto will not be able to replace the bank as a whole because there are still countries that refuse the arrival of crypto to replace the bank

[CaptainKid]

It seems to me that it is too early to abandon the standard banking system and the economy, since the crypto-currencies are at an early stage of development and they still have a long way to go.

[xbossJ]

Talking about not needing banks shouldn't even come up now, as you can see the number of people into crypto isn't even upto  0.10% of the worlds population. We are still at the proposition stage, hoping that people see the good in this new tech and learn about it/ start using it, It would be wrong to assume the world is ready for that. As not even a quarter of the world is ready for this tech yet to be understood. We need 20 more years tops. to start talking of  whether banks will still be operating or not. Information and education about this new bride is key.

[kagawawa]

The progress and development of Bitcoin can be said to be superior to the world. Because Bitcoin deals do not require a bank and we are the one who directly manages our transactions and security. But i still consider having a bank because I'm afraid all transactions on our bank account will be managed and governments want to charge there.