Quote from: dotajhay on July 23, 2016, 03:55:43 PM

Quote from: Ravion on July 23, 2016, 09:48:19 AM

Quote from: BTCBinary on January 12, 2016, 02:40:58 AM

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?

Banks would not disappear. Maybe the way banking works might become different, but even that is a remote possibility.

What you need to remember is that banking is big business. If bitcoin were to cause the banking industry problems, the banks would fight against bitcoin. And they would wage that war through government; By using legislation to keep bitcoin from causing problems to their industry. And government would happily play along.

it's true maybe the bank features will change due to popularity of bitcoins in the future but the bank will not dissapear because it has many benefits not only putting money to your bank.

Yeah we cannot ignore the fact that banks holds more benefits and facilities over bitcoin, and that is the reason people will never quit banks, in fact they will prefer to use both.