The 2nd generation of banking is going digital

[Ejanend]

I also think the same way for the banks. Banks will not have any choice but to go with the trend of the internet technology. The cryptocurrency's blockchain technology will become the start for the banks to adapt to its transformation to become a digital bank. People will prefer faster and more secured type of banking and with the power of blockchain, it would really become a real existing product.

Technology has really changed rather improved our ways. With every passing day, something new is introduced and it eases a routine task for us. The idea of making transactions without pain of taking care of paper money and bank visits is soothing in itself. I know that sooner or later, paper money will be replaced by digital currencies as they are the better option for fulfilling our money matters.

[poptok1]

No body will use the next generation banking, they will slowly cease to exist all together, and Libra PayPal would take their place for all the financial need for the true next gen.

That's a scary and dark future to be honest. Both mentioned by you scammed or will scam millions.
They are no different from usual banks. The whole satoshis idea was to make people be able to become banks of their own.
Having such possibility and power, would you still be willing to use someone else's bank? If so, why?
I think that 2nd generation banking means that we, the people are becoming institution-less banks.
Bitcoin is an asteroid and banks are like dinosaurs, they are meant to go extinct and nobody will miss after them.
Everything that is in the OP, this stuff about us not having the past or future without banking system, is a pure, modern myth.
I think we would be far, far further in our advancements, if we where bank-less from the day one. They did not help us at all, the have slowed us. They, the 14th century banking cartel, have robbed us of our ideas and labour, thus I say; let them die of starvation.
By starvation I mean, depravation of human mind, let's just forget this horrible idea and move on to the next stage.   

[desticy]

The problem with fully Electronic Banks is that the digital signs in them must be carefully checked to ensure that money is provided by physical referents. 
Otherwise we can have an unlimited number of electronic signs, the additional issue of which will lead to wildly rising inflation.
Which in turn can lead to a strong depreciation of this money. In other words, such banks will need to be carefully regulated.

[jostorres]

Bank always tries to generate profit so they uses every available technologies they can. So it is not a surprise that they will go digital. Not only digital banks are also looking for blockchain technology to implement on their system. And i hope that we will very soon see the banking systems are running in the blocking technology.

Banks running on blockchain technology means that they will be willing to give chance to transparency because any Blockchain system usually requires transparency which the reason I think even if banks will go digital, they might not really want to be fully into Blockchain technology because it has always been in their nature to get profit through illegal ways with all these charges that are unnecessary and with Blockchain technology, all these will stop.

The main reason why bitcoin became very necessary to be established by the creator who saw the need to do so because of what the banks are doing to us for keeping our own money with them, but now with bitcoin, we can have full control of our own money without the interference of all these  third parties(banks).

[beerlover]

Banks are already going digital, one of the biggest reasons why they are capable of leveraging the money they have in their banks for example, they get 1 dollars and use the same dollar as collateral for hundreds of loans.

In short, we are in a system where digital is getting out of hand so much that, we may actually need blockchain to make things better in the digital part of things, regular banking was old school and mostly not good in many reasons but they were at least doing it right until 70's or so, after that it became so corrupted that banks realized they had all the money in the world in their safes and started to blackmail and corrupt their way into becoming even richer and turning peoples money into their own money with methods they could come up with.

[Faxmate]

The problem with fully Electronic Banks is that the digital signs in them must be carefully checked to ensure that money is provided by physical referents. 
Otherwise we can have an unlimited number of electronic signs, the additional issue of which will lead to wildly rising inflation.
Which in turn can lead to a strong depreciation of this money. In other words, such banks will need to be carefully regulated.

Every problem has a solution and every aspect will be improved with time. No doubt we are moving towards the era of pure digital world. That time is not far away when technology will be used by humans to accomplish even little tasks of their lives. May be there wont be any banks and with the introduction of bitcoin, which is definitely not having any bank, we really don’t need banks.

[Eugenar]

The problem with fully Electronic Banks is that the digital signs in them must be carefully checked to ensure that money is provided by physical referents. 
Otherwise we can have an unlimited number of electronic signs, the additional issue of which will lead to wildly rising inflation.
Which in turn can lead to a strong depreciation of this money. In other words, such banks will need to be carefully regulated.

There are instances that fiat converted to digital money are also using the blockchain technology. The reason is because I've noticed that in my area even though BTC address is the recipient, it can still be transferred even if they have just provided their fiat wallet and even not providing the BTC wallet. So, in this case, it is like buy and sell in digital world.  But buy and sell with assurance that we aren't just spending, we're investing.

[n0ne]

The second generation of banking services has turned digital, but it hasn't got a complete transformation. This will change slowly, now through mobile wallets and through other forms of digital transfer more transactions have been taking place. We can expect a completely digitized transformation by the upcoming generation.

[Ozero]

Indeed. Having a central bank for all purposes needed can lessen the hassle on every user since the process would be quite simplified by then. This doesn't mean that banks were not good for anything. Banks were the foundation of our economic market in the past after all. It is just, its time for us to improve and innovate not only our tech but also our markets, payments, financial transactions and such. Well, before such a virtual central bank could exist, a lot of things are still needed and a lot of countries still need persuasion so that everyone can have access to such a bank.

We do not need such a high level of centralization in the banking sector. A single bank will simultaneously concentrate all information about the financial activities of people, this is very dangerous. In addition, if we switch to non-cash forms of payments, each person will be easily tracked by his financial activities. This is not worth doing.

[abhiseshakana]

We do not need such a high level of centralization in the banking sector. A single bank will simultaneously concentrate all information about the financial activities of people, this is very dangerous. In addition, if we switch to non-cash forms of payments, each person will be easily tracked by his financial activities. This is not worth doing.

More precisely, we do not need a commercial bank that is profit oriented and works relying on profits from interest. Banks have the right to play customer funds, but when the bank fails to maintain its liquidity, the government protects the bank with bailout funds, this is very unfair, paying for the miss management of private companies with public money.

In addition, banks accept savings from all groups of society, but banks are only intended for those who have because those who can borrow from a bank with low interest are only those that have collateral, while those that do not have collateral will get high interest rates. In addition, banks are a sunset business, because banking can be done by non-banking institutions.

[CarnagexD]

The second generation of banking services has turned digital, but it hasn't got a complete transformation. This will change slowly, now through mobile wallets and through other forms of digital transfer more transactions have been taking place.

In transition I suppose, I kinda seeing a lot of bank here in my country offering online services such as online banking and online loan, even non bank organization does the same. Mobile banking has been so easy these days, they already support bank to bank transaction and bank to e-wallet transaction. Perhaps, a couple of years from now we'll start to see a complete transited society from traditional to digital.
 

[RealMalatesta]

I am already using a digital bank as it is. I do not have any office or whatever that I can go to, I don't know what the place for banks is called, just banks probably, mine has zero physical location at all. They have plenty of ATM around the city so I can withdraw or deposit there, but I usually do not need that neither, it is rarely ever needed.

In the end, all I have to do is open up the app on my phone and do whatever I need to do and thats it, there is really nothing more I have to do, it is so simple. I can't believe the traditional banks, they are really a lot worse, the other day I had to deposit money to my wife's account and it took me 15 minutes (without even a queue) to give the teller to put that money in the account, it was really an experiment that made me realize how awesome my digital bank is.

[worldofcoins]

I am already using a digital bank as it is. I do not have any office or whatever that I can go to, I don't know what the place for banks is called, just banks probably, mine has zero physical location at all. They have plenty of ATM around the city so I can withdraw or deposit there, but I usually do not need that neither, it is rarely ever needed.

In the end, all I have to do is open up the app on my phone and do whatever I need to do and thats it, there is really nothing more I have to do, it is so simple. I can't believe the traditional banks, they are really a lot worse, the other day I had to deposit money to my wife's account and it took me 15 minutes (without even a queue) to give the teller to put that money in the account, it was really an experiment that made me realize how awesome my digital bank is.

The up-and-coming age of the bank will begin tolerating bitcoin as a payment method.
I do accept they'll include with blockchain innovation to improve their second eras of financial state.
Presently they're attempting to bring digital money down which are pointless for them.
They'll be tired from all the gibberish and toward the end, they will deliver the second era where bitcoin will be acknowledged and utilized in around the world

[bits4books]

Except for some basic things (such as having a Central office and a mandatory license package) there are already quite successful projects of such banking. Have you heard about Tinkoff (a Bank in Russia)or revolut? They do not have offices for clients,  only ATMs. All communication with the Bank takes place over the phone/in the support chat, all products are delivered to customers by courier representatives.
And it's not just services for individuals - the same principle applies to legal entities, from opening an account to renting payment terminals for their point of sale.
As for me, Tinkoff is a very cool example of what banks should become if they want to continue to be competitive.

[worldofcoins]

Except for some basic things (such as having a Central office and a mandatory license package) there are already quite successful projects of such banking. Have you heard about Tinkoff (a Bank in Russia)or revolut? They do not have offices for clients,  only ATMs. All communication with the Bank takes place over the phone/in the support chat, all products are delivered to customers by courier representatives.
And it's not just services for individuals - the same principle applies to legal entities, from opening an account to renting payment terminals for their point of sale.
As for me, Tinkoff is a very cool example of what banks should become if they want to continue to be competitive.

I hope 2nd generation of banks accept all the cryptocurrencies and online payment gateways.
Many people consider cryptocurrency as a scam but if banks support it then people will start believing it plus the chances of getting scam will be reduced.
I trust the forthcoming occasion of banks develop itself enough that individuals get involved with digital money.

[bits4books]

Except for some basic things (such as having a Central office and a mandatory license package) there are already quite successful projects of such banking. Have you heard about Tinkoff (a Bank in Russia)or revolut? They do not have offices for clients,  only ATMs. All communication with the Bank takes place over the phone/in the support chat, all products are delivered to customers by courier representatives.
And it's not just services for individuals - the same principle applies to legal entities, from opening an account to renting payment terminals for their point of sale.
As for me, Tinkoff is a very cool example of what banks should become if they want to continue to be competitive.

I hope 2nd generation of banks accept all the cryptocurrencies and online payment gateways.
Many people consider cryptocurrency as a scam but if banks support it then people will start believing it plus the chances of getting scam will be reduced.
I trust the forthcoming occasion of banks develop itself enough that individuals get involved with digital money.

As for me, this is not how it works. To accept payments and enable operations in cryptocurrencies, the desire of banks and people is not enough. You can't just take and start spinning conditional BTC on your accounts just because the whole progressive and cool Bank 2.0.
Bank needs licensing for this, confirmation of the possibility of conducting such activities from regulatory authorities, and so on and so forth.
If this happens, then initially (as for me) it will be their own pilot-level projects to create their own small cryptocurrency and use it to attract people via cashback in cryptocurrency, a discount for paying it somewhere, and so on, but it will still be strictly tied to fiat and there will not be so big volatility

[SquallLeonhart]

I am already using a digital bank as it is. I do not have any office or whatever that I can go to, I don't know what the place for banks is called, just banks probably, mine has zero physical location at all. They have plenty of ATM around the city so I can withdraw or deposit there, but I usually do not need that neither, it is rarely ever needed.

In the end, all I have to do is open up the app on my phone and do whatever I need to do and thats it, there is really nothing more I have to do, it is so simple. I can't believe the traditional banks, they are really a lot worse, the other day I had to deposit money to my wife's account and it took me 15 minutes (without even a queue) to give the teller to put that money in the account, it was really an experiment that made me realize how awesome my digital bank is.

I am not even sure why we would need physical locations for banks to begin with, what do we really need it for?
I understand that back in the day we needed that and it made sense because we didn't have high tech, but why do we need it right now?

We have our phones and bank apps and there are ATM's everywhere so I assume that everything could be done without a physical location where employees would be helping you and bank tellers would be giving you money etc etc, that is not really a thing anymore. I am using a digital bank for the past 2 years or so and I can tell you that I didn't needed anything like that ever, not even a moment when I considered "it would have been nice to have it at this moment" for some problem, I just talk to them and fix things out on the phone.

[Ayiranorea]

The present generation is much attached to the digital growth. Anything and everything has got something close with technology. The most developed being the transaction support system. Right now itself banks have given access to create account without reaching the banks for verification and other purposes. If banks gets incorporated with the cryptocurrency market then surely the thought about cryptocurrencies will change and it gains more trust. Within the next ten years we can experience such a massive change to happen.

[shoreno]

The present generation is much attached to the digital growth. Anything and everything has got something close with technology. The most developed being the transaction support system. Right now itself banks have given access to create account without reaching the banks for verification and other purposes. If banks gets incorporated with the cryptocurrency market then surely the thought about cryptocurrencies will change and it gains more trust. Within the next ten years we can experience such a massive change to happen.

thats because other business are going digital , will banks gonna be late with it ? no but they also join this ride . i like the fact that we can create or we can open an account in banks without having to go in thier office . this is perfect for the people like me that are shy and dont have a time to travel far because bank main outlets here are far from my place but only few non major banks are doing this , im still waiting for the major banks to end up the same . same as wih the partnership of crypto which is also less but i believe that it will just grow in the future .

[carter34]

The second generation of banking services has turned digital, but it hasn't got a complete transformation. This will change slowly, now through mobile wallets and through other forms of digital transfer more transactions have been taking place. We can expect a completely digitized transformation by the upcoming generation.

If they completely go digital, how will the primary role of fiat disbursement  to the public happen? I don't expect that banks will completely go digital because that means that cash also is going to suffer. This move to me won't be possible to hold because bank is primarily for cash savings and disbursement.