Can blockchain replace bank?

[Sadyshagg]

Solving the double spend problem and trustless transaction was and still is a revolution. That is super-useful. The problem is that Bitcoin is not being USED to its potential and therefore is deemed useless.

[Erzinnum]

It surely can, it can be done even in two ways. The first way is to create stable crypto and hold it into blockchain bank, and the second one is to create strongbox with code based on blockchain

[amos77978]

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?

Can blockchain replace banks?? I dont think this will happen.. but what will happen is banks adopting the blockchain technology.. like we see happening with xrp and ETH

[ak49er]

When payment for goods and services with the help of cryptocurrency will be realized, then it will be possible to say that banks are not needed, but this time has not come yet

[Nekoma2018]

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?

Can blockchain replace banks?? I dont think this will happen.. but what will happen is banks adopting the blockchain technology.. like we see happening with xrp and ETH

This is the most interesting response I've seen here today.. I don't think it'll replace banks .... rather banks will have to adopt the technology

[sergei1703]

Sure, it is possible. Blockchain is a very secure place, where each person can keep their money. Bunks have a very big taxes, and I personally don't trust them.

[SoloV]

This question is very difficult to answer. Many people do not want to understand new technologies. How many cases were there when a person did not know and showed his private key to the wallet on the Internet. In banks, your funds are kept by the bank, but if your funds are stolen, you can contact the bank.
But I like that I keep my cryptocurrency.

[luckydag]

Sure, it is possible. Blockchain is a very secure place, where each person can keep their money. Bunks have a very big taxes, and I personally don't trust them.

Actually, I have my doubts about the prices. Now the price is cheaper than the bank, of course. And if there are no banks, will prices be that cheap? I don't think.

[Tope559]

Blockchain can replace bank but I think it's not yet time because alot of people still don't know about cryptocurrency yet. In the nearest future people shift to crypto for payment and settlement of debt

[mksundip]

The blockchain is not created and is not ambitious to replace banking, but I believe collaboration and blockhain adoption into the banking industry will make them stronger

[Vreebold]

This thing will happen if almost people whole the world accept to use cryptocurrency to exchange and use blockchain to storage personal transaction data. Employee of bank will not need much as now

[sidodadii]

its hard to replacing bank, not all people know about crypto, but almost all people know about bank. people, mostly will choice bank because they dont know about crypto, and dont know how to use it.
bank have strong foundation, so its hard to replace bank as a basic financial intermediary

[GWS My Boy]

will never be able to because the bank has enormous power. and in my opinion in the future banks will be more developed because sooner or later they will integrate their services into blockchain technology. with the blockchain bank will be a more perfect, safer and more transparent platform.

if viewed from the reality, banks will become the forefront later, because it is already successful by presenting payment services that have very easy access for users and are very educative in providing information and will continue to spread into remote areas to be able to use cash in an electrified form by the bank, and the blockchain itself has been adopted by the bank so that cryptocurrency and technology are only alternatives.

[dicaprio]

its hard to replacing bank, not all people know about crypto, but almost all people know about bank. people, mostly will choice bank because they dont know about crypto, and dont know how to use it.
bank have strong foundation, so its hard to replace bank as a basic financial intermediary

If it comes to convenience and we can make the cryptocurrency world for new participants more comfortable, I think that banks simply will not be necessary, today there are standard procedures to which we are accustomed, but it was not always.

[deepakg2m]

Not at present but may be in the coming future. The acceptance and popularity cryptocurrency is gaining around the world is unstoppable. Hopefully it will lead to the daily usage pf cryptocurrency.

[JeromeL]

Already, we can see how Blockchain replaces some functions of banks. For example, such as: making payments, deposits, placing money for long-term storage. I think that in the future the technology will be developed and improved.

[Moeda]

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 the bank is still functioning well in conducting local transactions, because if we exchange crypto with conventional money, we need a bank. Blockchain helps to conduct international level transactions at low cost.

[Elorika]

its hard to replacing bank, not all people know about crypto, but almost all people know about bank. people, mostly will choice bank because they dont know about crypto, and dont know how to use it.
bank have strong foundation, so its hard to replace bank as a basic financial intermediary

If it comes to convenience and we can make the cryptocurrency world for new participants more comfortable, I think that banks simply will not be necessary, today there are standard procedures to which we are accustomed, but it was not always.

Of course who uses the banks they are used to the procedures in the Bank, and then of course fraud is less than in cryptocurrency , but I believe that cryptocurrency can replace banks but not yet soon

[Gary Levanevskii]

I think that the blockchain can replace banks, but I do not think that this is possible in the near future. In the near future, banks will implement the blockchain.

[gogrowglow]

In my opinion it is possible but not in the very near future.  Many people do not know or aware of Bitcoin and much more how to use it in a transaction but as I see in this new era of computerization and the high technology innovations with  blockchain,  people will realized the benefits of cryptocurrency and will eventually adopt it.   Little by little people will learn its ways and applied it in their everyday life because it is easier and convenient.  It is much easier for younger generation  to learn and adopt it because of their awareness at the young  age on  how to use computer and internet.  Eventually before we knew it, it will be used world wide.