Quote from: 1Referee on July 24, 2016, 10:58:13 AM

Quote from: Maesters1- on July 23, 2016, 04:43:05 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.

yes banks will never disappear. but i think bank and wallet will work together. they will be really helpful for each other. and may be banks become more prfitalbe once they accept bitcoin.

Banks will never adopt/incorporate something that they have zero control over. And let's say the bank is willing to do this (won't happen), then there is still the government that can get in their way. Just let the idea go.

Yes I think the bank will not adopt bitcoin as I am sure the bank continues to issue its own system. Bitcoin will not make disappear the bank because the bank has the power of government and as a reference for the economy of a country.