Jesse Posted November 15, 2017 #1 Posted November 15, 2017 It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear. "TheStreet: How do you think FinTech will impact the way banks operate? Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html What's your read on that?
remember Posted November 15, 2017 #2 Posted November 15, 2017 8 minutes ago, dreramon said: Bitcoins will be here to stay for a long time but banks can never disappear nor will bitcoins ever be able to compete with banks on a one on one bases. Banks are funded and owned by the 1% of the world nd they will always strive because they got regulations and laws on their side. agree with you. Banks never can disappear.There are many functions of the bank that can not be eliminated
remember Posted November 15, 2017 #3 Posted November 15, 2017 4 minutes ago, Han2x said: I agree with you @dreramon that bitcoin will stay forever. So there is a possibilities that it will become the future world currency. I think that what banks scared of. Noone can tell the future. future is future . nothing can be sure right
Kargai Posted November 15, 2017 #4 Posted November 15, 2017 11 hours ago, dreramon said: Yeah i wished i had invested alot mkore in bitcoins a few years again would be making a killing now. Far better than the 10% or less that the banks are offering on savings. Find me a bank who give 10% on savings and I register with them directly. What bank usually give is more between 0.5 to 2% max.
wilberthh Posted November 15, 2017 #5 Posted November 15, 2017 3 minutes ago, Kargai said: Find me a bank who give 10% on savings and I register with them directly. What bank usually give is more between 0.5 to 2% max. Hmm bitcoin might be efficient but it can never replace flat. At least not for now. But we don't know how the future will be, both of these payment tools have their weaknesses and advantages
Carollzinha Posted November 15, 2017 #6 Posted November 15, 2017 I don't believe it can happen, at least not at any time soon.. we still have so many people using banks, I am an example of it, and as BTC price is not stable a lot of us still keep a savings account at normal banks just for security
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