Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
KennyR
on 25/03/2016, 17:15:26 UTC
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.
Yes worldwide most people and many countries already started to adopt bitcoin payments instead of their bank uses. The main reason for this, bitcoin has all the features required for more and demand like fast and secured transactions.
Maybe you're right, but the average person using the bank for the transaction and can not escape. Although they use bitcoin surely they also use banks to save banks. Banks disappears it is very unlikely and it was very hard going.

Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm.
I agree. Banks will not disappear until fiat disappear aswell. And that's almost impossible (yet, i dont know the future)

If fiat still used, then banks will still be there aswell.

Banks won't get disappeared just due to the bitcoin technology. Even if everything goes digital paving path for digital currency too banks will be in use.