What's with all the comparison between blockchain and banks?

[SneakyLady]

No one did this because you can't currently pay for anything and everything in cryptocurrency..yet.

The list is growing though: https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

Banks can incorporate blockchain to their benefit, I think you mean cryptocurrencies being "pitted" against banks, and they're only competing with them if the most-used cryptocurrencies are decentralized. Long way to go before this is possible. Still too risky with vulnerable exchanges.

[1714551869]

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[1714551869]

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[pavka]

It seems to me that the time will come when banks will merge into the cryptocurrency market and stop resisting it. Any business, when it becomes a question of simple survival, will strive for progress and banks are no exception. In addition, I conclude that the blockchain, as a reliable independent system, can be very useful in the banking sector.

[sultanGol]

No, I still have one of my bank accounts, I will problably have it, as long as the supermarket in the corner does not accept Bitcoin or any other cryptocurrency.

[Burogh]

I get it. Blockchain technology is a great invention and it's definitely a technological breakthrough. But do we really have to pit it against the banks and he traditional banking system? Couldn't those two live in peace without people having to choose one over the other? It's not like anyone has completely stopped putting their money on their bank accounts and invested it all in cryptocurrency. Is there anyone here that actually did this?

Like or not, we still use paper money to fill our need. Cryptocurrency still not regulated in many country and i think we can use it together, cryptocurrency as investment and fiat money for our daily purpose