Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
PowerWalletDotCom
on 09/05/2017, 07:06:54 UTC
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?


Actually, bitcoin can not make banks disappear as it is the primary material to convert your bitcoin/fiat money vice versa. Also, bitcoin also needs bank thus, disappearing of banks won't happen wether the fiat are a bout to dicrease its volume.
I, too, adhere to this opinion and at the same time I can say even more that banks adopt the technology of blocking and so I would be able to withstand new challenges and adjust to new ideas in the field of finance and economy.