Can blockchain replace bank?

[cryptolord2077]

Ideally, the blockchain is capable of this, but the more likely option is when the blockchain will be integrated into the banking sector, not all banks will take this step, but only the most advanced and trusted.

[nepeso]

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?

Blockchain is truly a progressive system for modern society, which provides important advantages compared to classic banks and other centralized institutions. I’m sure that in time, blockchain will be able to completely replace the classic banks.

[cfif123]

The banking industry will not be replaced. Although the cryptocurrency is decentralized, there will be centralized coins in the future. Human civilization is currently inseparable from banks.

absolutely right and to the extent that the bank will never be replaced by a new system that is more sophisticated than the bank, because the community is sure to use the bank rather than a new system

[queennathalia]

Cannot replace the bank, But they can reduce the people who kept their money on the bank and also reduce the fee. That is why I think bank can't replace. Some of the bank are invested on the blockchain or the other partnered on the blockchain. Don't think that blockchain can replace the money or the bank, Because all value of the blockchain was from the cash/fiat.

[andeonnut]

The main purpose of banks is lending. There will need to be a ton of infastructe for crypto built to replace that.

[naruto7676]

Bitcoin is already accepted in different countries for their banks and lot of them get bitcoin for depositing and withdraw and converting it to become a real money.

[mistemb]

no you cant replace banks, the idea on blockchain is to " BE " your own bank. bitcoin is a Store of value as well as a currency its more beneficial to buy bitcoin than wait those FIAT money sitting down on bank and getting killed by INFLATION

[clololck]

The blockchain is just a financial technology, and it cannot hide the financial itself. The bank's contribution to humanity is currently irreplaceable. The bank is also very great.

[MrPao]

Obviously, the blockchain will not replace the bank, because the Internet is very dangerous, no one is willing to store the property in the hacker's encirclement, but the addition of the blockchain can make the bank better!

[anchuoinhhoc]

As for me, if blockchain replaces a bank, that would be very difficult. Banks are now closely related to the rest of the world if it blocks the growth of blockchain if the word is spoken.

[mastersay]

It can't be possible, because it is competely separated. The blockchain only hold digital currencies so far, while the banks majority currency holds physical money. And most of the banks are run by the government.

[skiorf]

Between blockchain and bank, I think it has different goals and benefits. The target of the bank is much wider in scope, bank income is one source of income for the country. Until now crypto does not have legal permits, so the blockchain is still a lot of opposition. I prefer blockchain for crypto facilities only. He is very good at cryptocurrency, not banking.

[Beldon]

I think it will be difficult because the blockchain and the bank have their respective roles, even the government is not necessarily to approve the policy

[BigBos]

Between blockchain and bank, I think it has different goals and benefits. The target of the bank is much wider in scope, bank income is one source of income for the country. Until now crypto does not have legal permits, so the blockchain is still a lot of opposition. I prefer blockchain for crypto facilities only. He is very good at cryptocurrency, not banking.

Well, I also feel that banks and blockchain are different things. blockchain might be a very good system, but it can't replace banks. but, banks can use the blockchain system to improve their transaction systems.

[itasannah]

Will not be able to replace the Bank. And I think because its system is also different from the Bank. In fact, there are many countries that do not give permission to Blockchain. So the society also cast doubt on the security of the system Blockchain. However, we are confident with the future of Blockchain technology very well. And I think Blockchain will continue to evolve.

[Slash61]

Well, I also feel that banks and blockchain are different things. blockchain might be a very good system, but it can't replace banks. but, banks can use the blockchain system to improve their transaction systems.

Yes I agree with you. the future the bank will follow the development of blockchain. It would be great for the industry bank. to replace the bank might not be able to blockchain but for integrated with blockchain bank is very possible. We will wait the time it happens.

[SimonJones]

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 feel that blockchain will not replace bank rather they will work together smoothly.

[Omela44]

Banks certainly can not be displaced or replaced by crypto. One day, banks will use the blockchain technology themselves and probably also accept crypto currencys. Banks have so much power and fiat money that they can not be easily replaced.

[poodle63]

Between blockchain and bank, I think it has different goals and benefits. The target of the bank is much wider in scope, bank income is one source of income for the country. Until now crypto does not have legal permits, so the blockchain is still a lot of opposition. I prefer blockchain for crypto facilities only. He is very good at cryptocurrency, not banking.

Well, I also feel that banks and blockchain are different things. blockchain might be a very good system, but it can't replace banks. but, banks can use the blockchain system to improve their transaction systems.

Alright and i thought that so many people have understood about this thing, blockchain is about to transform the traditional economic system with the modern system that will cut a lot of funds for maintenance cost. Blockchain is about the system that will create a revolution in the economic industry.

[bagikoin]

Bank and blockchain will be a good collaboration. of course what is owned blockchain would be needed to improve the bank's security systems become more secure. code that is not easily passed from the computer will provide protection to the bank and certainly, this adoption will be enough. replacing the bank of course certainly not since even the Government itself certainly won't do the policy.