|
milani
|
 |
October 18, 2018, 08:52:49 AM |
|
Of course not.. Blockchain is really a great invention and technology of our century, but banks like physical institutions can not be replaced by blockchain, they may be combined and it is excellent for the banking system, but replaced not. Even if it happens MAY BE some day in future nowadays it is not possible because there is no legal effect for this, our judicial system is not ready for this. It will require serious decisions from government and lots of changes in legislative system.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"You Asked For Change, We Gave You Coins" -- casascius
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
inwas797
Jr. Member
 Offline
Activity: 770
Merit: 1
|
|
October 18, 2018, 08:54:04 AM |
|
It is possible to use blockchain technology in banking and financial institutions, but the Bank will probably not be able to replace it.
|
|
|
|
|
paul15
Copper Member
Jr. Member
Offline
Activity: 40
Merit: 11
Trust in God
|
|
October 18, 2018, 08:59:01 AM |
|
blockchain is for tool , and bank is performer. So , in my opinion, blockchain will not replace the bank , but bank will use blockchain to their system for more secure,fast, and transparance.
|
|
|
|
|
|
Callanta787
|
|
October 18, 2018, 09:05:18 AM |
|
No I don't think so, bank is for the fiat so its better that both exists ,they will both do fine co existing ,one can't hurt the other ,I still use my bank accounts and I'm into crypto as well ,I don't know if in the future blockchain will have any part to take in the banking system but for now its no.
|
|
|
|
cherlov
Member
Offline
Activity: 280
Merit: 10
|
|
October 18, 2018, 11:12:42 AM |
|
Blockchain can only complement and improve the banking sector. Why are people in such a hurry to give up good and time-tested things?
|
|
|
|
|
Leenwar
Member
Offline
Activity: 434
Merit: 10
|
|
October 18, 2018, 11:22:40 AM |
|
The most important here is the massive adoption based in the technology and how the blockchain technology can help the bussineses to improve their process.
|
|
|
|
|
|
turkmachiavelli
|
|
October 18, 2018, 11:24:54 AM |
|
Actually this posibility is really low but I think that it is not imposobille in the close future because blockchain has a lot of advantages that can move to a steep for example it is cheaper and faster and mobilizing than all banks.
|
|
|
|
Invest-or
Member
Offline
Activity: 322
Merit: 20
|
|
October 18, 2018, 11:59:44 AM |
|
Blockchain will complement banks, there is somthing to be said about having banks that are thrid party trusted, many operations do require and intermediary, not to mention the bank multiplier of credit.
|
|
|
|
|
jusertvaz
Member
Offline
Activity: 428
Merit: 12
|
|
October 18, 2018, 12:03:01 PM |
|
Blockchain will complement banks, there is somthing to be said about having banks that are thrid party trusted, many operations do require and intermediary, not to mention the bank multiplier of credit.
Very true pick a word to complete. As the banking sector is beneficial to all countries. And the blockchain can speed up transactions or to make any other changes that can improve the functioning of the banking system. But the abolition of commissions and anonymous money transfers from banks of course should not wait. |
|
|
|
|
Joshapat
|
|
October 18, 2018, 12:06:59 PM |
|
Of course it can, I am optimistic that the future of blockchain will be bright, it has been proven that blockchain transactions are more effective and faster than banks so they will replace the bank system.
|
|
|
|
fortunecrypto
Legendary
Offline
Activity: 2450
Merit: 1047
thecryptocurrency.directory
|
|
October 18, 2018, 12:14:23 PM |
|
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
No I don't think so they can co exist but replacing banks will have a major impact and people will have a big turn around on dealing how they save money and fund their retirement and basic needs, there is no use replacing our banks we still need them although they sometimes hurt us with their policy and interest rates. |
|
|
|
|
Russlenat
|
|
October 18, 2018, 12:20:19 PM |
|
The banks foundation is very strong and the blockchain technology is just a new trends, I think it is hard to replace the banks, it maybe banks applies blockchain technology to their banking system and offer it to their clients.
|
|
|
|
opv321
Member
Offline
Activity: 490
Merit: 11
|
|
October 18, 2018, 01:13:52 PM |
|
Bitcoin is still the best candidate we have today as an alternative to government-issued money in terms of liquidity and adoption.
|
|
|
|
|
|
mulia sabee
|
|
October 18, 2018, 01:48:07 PM |
|
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I think to replace a bank or banking is a very difficult blockchain. even if it can be done it has to wait a long time to convince Bank customers to prefer blockchain.because in my opinion what is not easy is to convince them to switch to blockchain and leave the Bank or banking. therefore our task is to be able to convince them to switch to this innovative system, blockchain. |
|
|
|
ivannalog814
Jr. Member
Offline
Activity: 182
Merit: 1
|
|
October 18, 2018, 02:05:00 PM |
|
I think that bolocan will not replace banks but will make global changes in transaction and reduce costs.
|
VIDY 👅 (https://www.vidy.com)
Video Layer for Ads ▶
https://www.vidy.com (https://www.vidy.com) |
|
|
Whaletale
Copper Member
Newbie
Offline
Activity: 154
Merit: 0
CurioInvest [IEO Live]
|
|
October 18, 2018, 02:06:19 PM |
|
Blockchain is technology which also can be used by banks and every other institutions for record purpose and decentralized of data through the ledger .
Banks is centralized and can use blockchain to decentralized it ledger but privacy is Paramount when we talk about blockchain .
|
|
|
|
makishart
Legendary
Offline
Activity: 3066
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
|
|
October 18, 2018, 02:14:07 PM |
|
Blockchain will complement banks, there is somthing to be said about having banks that are thrid party trusted, many operations do require and intermediary, not to mention the bank multiplier of credit.
Very true pick a word to complete. As the banking sector is beneficial to all countries. And the blockchain can speed up transactions or to make any other changes that can improve the functioning of the banking system. But the abolition of commissions and anonymous money transfers from banks of course should not wait. Blockchain will only change the traditional system that has used by the majorities of bankers. It's an impossible thing to make this institutional disappear. Blockchain will cut the maintenance cost and then the banker can try to create such on time system that can be used by all of customers. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Fortified
Copper Member
Jr. Member
Offline
Activity: 350
Merit: 1
|
|
October 18, 2018, 02:15:24 PM |
|
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I think this will not happen ever but instead banks will be using blockhain technology to be more faster and more transparent to the investors and customer , |
|
|
|
|
Coroline
|
|
October 18, 2018, 02:16:43 PM |
|
The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
maybe it can happen but it takes a long time to change the world using crypto as a transaction, for example like a ripple that the bank will adopt to make transactions |
|
|
|
|
|
cherryganda
|
|
October 18, 2018, 02:17:25 PM |
|
Yes, anytime blockchain can replace the bank.
Bank are just full of records and people are not happy with those rules that the bank has.
Blockchain will make the banking better and will be better for the people.
|
|
|
|
|
|
