Post
Topic
Board Bitcoin Discussion
Re: Bitcoin makes banks unnecessary
by
Undermood
on 11/05/2015, 09:11:55 UTC
Fiat money is the same. The beauty of fiat money is behind whole escosystem including gov, financial institutions, banks, and merchants' support etc. Probably btcoin needs those kind of support as well to increase its adoption rate. But banks still pay an important role between fiat money and bitcoin. Ppl use banks' deposit to buy bitcoin, and vice versa.