Banks against the crypto

[usorin]

Banks will never disappear, this company's will always find a way to survive so.they will adapt to the crypto market.

[playbtcgame]

Most banks are going down due to very low interest Raye the issue to investors prior to cryptocurrency. Crypto offers the best of benefits that outways that of banks hence most banks are collapsing.

[lepbagong]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

It will not happen that the bank will disappear, obviously different from bank and crypto, because we know that not all countries will know crypto. they still use many banks as a necessity for daily transactions. time is needed for crypto to shift banks, to work together between banks and crypto there are still obstacles

[Abiky]

I think bank is way impossible to be disappear but it's possible to replace the current centralized system with the decentralized ones. In the new system (decentralized) banker will be less able to do frauds to their cutomers as everything can be tracked. However, high volatility of cryptocurrencies is one of the several problems regarding this.

Well, no matter how prominent Blockchain technology is, Banks will always be on top of everything. This is largely because Banks are backed and endorsed by the government, while cryptocurrencies embracing said technology are not. It's nearly impossible for Banks to disappear anytime soon, given that they're still the norm of finance. Still though, what could happen is that Banks embrace Blockchain technology creating a system of their own where they can manipulate transactions, freeze accounts, and more.

It's much easier for Banks to get ahold of Blockchain technology than remaining with the current old-fashioned system. This is largely because, they can restrict/allow access to their private Blockchain at will (not to mention that tracking money will be a whole lot easier). However, I believe that they and crypto will head their separate ways in the future.

Cryptocurrencies like Bitcoin and Ethereum will prove to be decentralized alternatives for finance, while Banks will remain as the key players of our economy for a very long time. Despite this, they will be rivals for a long time since Banks are against cryptocurrencies themselves (but not their underlying technology). This is mainly because cryptocurrencies provide financial freedom to anyone, whereas Banks profit mostly from their customers' fees.

Nonetheless, with the growing partnerships of Ripple, it's expected that Banks will continue to embrace Blockchain technology in order to transform mainstream finance as we know it. Just my thoughts

[50 Cent]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

bank of central begin research cryptocurrency > bank become to lead of cryptocurrency > then crypto become to be centralization

[dameh2100]

Because of popularity of cryptocurrency and blockchain, banks should adopt and cope-up with it because cryptocurrency can replace banks in the future. Like email replaced the snailmail. If they remain the same, people will not use banks.

[Polar91]

Because of popularity of cryptocurrency and blockchain, banks should adopt and cope-up with it because cryptocurrency can replace banks in the future. Like email replaced the snailmail. If they remain the same, people will not use banks.

Not necessarily. Banks will still be the medium to convert fiat into crypto vice versa; they both can be used by the society as they have both purpose, pros and cons. Also, we can't compare the situation of snailmail being replaced by email as banks aren't replaceable

[Argoo]

That fear makes a big loss from a country because unpredictable prices create anxieties to the government and fear of future losses.

The government can also regulate the market and the price volatility will be reduce.
It's its nature that it's unpredictable, its because people are trading and the demand will increase or decrease, but with regulation, price manipulation will be eliminated.

The government is not able to regulate the cryptocurrency market in order to reduce the volatility of the cryptocurrency. Yes, and it is not interested in this.
As for banks, they will work as they have worked before. Cryptocurrency for them is not a significant danger. States will defend the existence of their banking system, so there is nothing for banks to fear.

[ricardobs]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Unfortunately for those of you who thinks that banks will be going down, that’s never going to work because banks will always remain in power. And even right now I don’t think that bank is losing anything (if they are losing, it wouldn’t be something much) cause if they are losing anything they would have put up a serious fight that would have quenched Bitcoin and other cryptocurrencies within a few days. Banks are being backed up by the government, so they will always win if they wanted to.

[Romanianz]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

The banks can still adjust to favor the cryptocurrency need of the people in the future but they will no longer remain in power. I don't think banks will disappear just like that because there are still people who are old fashioned like the old billionaires or millionaires.

Makes sense, everyone won't think of technology until now because many people still don't understand internet networks in some areas of the earth. they still believe in paper and coin.

I think all countries now have an internet network even though they only have a small speed and I am sure that all already know digital currencies such as cryptocurrency except that governments in some countries have prohibited using cryptocurrency so that the use and circulation of cryptocurrency is still not optimal.

[Cosbycoin]

bank rightnow really have power to "take down" bitcoin itself , its just depend on the people what they are really choose between bank or cryptocurrency

Yes man you’re right, bank can take down Bitcoin if they wanted to, but they just don’t want to. I won’t be surprised if there is way that banks are also benefitting from this, while we are here saying shit about them. I just prefer that they keep silent about it, things are okay as it is and Bitcoin or any cryptocurrency shouldn’t be seen as a treat.

Even exchanges in cryptocurrency platform cannot operate without banks, they all have accounts in banks. I’m surprised that some people here are complaining they don’t need bank accounts. Lol.

[playbtcgame]

Most banks are going to a dip due to the low interest rate they offer to customers. On the other side too, crypto with a bearish market and it has been a hot cake as to which one to decide on.

[gabbie2010]

We don't know what will happens in the future.
banks may be closed down because of  Bitcoin or they can be combined. Have you watch the movie Crypto? It is very interesting and you will also think about this topic.

Banks do not necessarily need to close down Operations because of cryptocurrencies although some investors or cryptos enthusiast prefers Hodling their assets in form of cryptos in a wallet rather than banking it as fiat however I believed  the bank will initiate it's own idea to keyed into cryptos system so as to coexist with it else the would  lose customers savings and having to battle with the latest trend or idea of anonymous transactions via cryptos.

[goldreset]

Technically, banks are the ones controlling governments. Govs don't control the banks. So bank will still be around for a long time. What they do is that they adapt to how the tech advances. And govs just have to create regulations to help these bankers in order to help themselves(govs).

[Ayiranorea]

Until and unless they get into the adoption of blockchain technology they will stay against the cryptocurrency. Banks have faced a big loss due to the increased transactions that has taken place using bitcoin. These days to avoid lots and lots of process for large volume transactions people prefer bitcoin where there is no limitations and restrictions. This is a big blow for banks and soon can expect banks getting integrated with bitcoin and blockchain.

[Viscore]

Technically, banks are the ones controlling governments. Govs don't control the banks. So bank will still be around for a long time. What they do is that they adapt to how the tech advances. And govs just have to create regulations to help these bankers in order to help themselves(govs).

They don't but the fact that they are regulating the bank, they have the power to control it.
Also, the government have the power to print money which is not transparent to all of us, they can take advantage of doing illegal activities when they are in control. The biggest corruption happens within the government, so we need to change that as its our money that is being stolen, crypto is the solution as it promotes real transparency.

[goldreset]

Technically, banks are the ones controlling governments. Govs don't control the banks. So bank will still be around for a long time. What they do is that they adapt to how the tech advances. And govs just have to create regulations to help these bankers in order to help themselves(govs).

They don't but the fact that they are regulating the bank, they have the power to control it.
Also, the government have the power to print money which is not transparent to all of us, they can take advantage of doing illegal activities when they are in control. The biggest corruption happens within the government, so we need to change that as its our money that is being stolen, crypto is the solution as it promotes real transparency.

These are why the govs fear decentralised cryptos. They have been using regulations to save their arse all the while.
They control others and at the same time can get away with paper cash if they are the ones doing the dirty stuff.

[Goxten]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

I am sure that the banks will not disappear. Most likely, they will change and will use the blockchain. This will be the centralized version and I dont like it.

I am for decentralization. I hope, in the fight against crypto against banks, the victory will be for crypto.

[joinfree]

If transactions in cryptocurrencies are finally approved it would not really get banks out of the word but it would rather reduce their activities as most people would use cryptocurrencies to make transactions.

[Pamadar]

If transactions in cryptocurrencies are finally approved it would not really get banks out of the word but it would rather reduce their activities as most people would use cryptocurrencies to make transactions.

But we also needs to consider the fact that banks can easily adopt and make a use of this system to favor them, they will not be removed from the picture but they will continue their business, businessman knows how to deal with competitors they will simply adjust or take advantage of it.