Re: Can Bitcoin make Banks disappear?

Quote from: Naughtis on September 20, 2017, 03:28:55 PM

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?

If all people know about the bitcoin its true that bitcoin can make the banks disappear. Why? For noe there's more online money wallet and the purpose of bank is to get interests on those who want to save their money if more years you save in the banks the more interests they get on you and thats the reason why people used bitcoin if they know because bitcoin can not get any interest on our money.

i think even then it is not possible that bitcoin will replace banks, i think that it will world with it in coordination but cannot replace it totally. i think that if all the governments will accept bitcoin as legal currency then i am sure that banks will also start accepting bitcoin and will start accepting bitcoin from the people to deposit bitcoin in banks and therefore i think that bitcoin will make banks more stronger.