Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is it the Future of Banking ?
by
bitart
on 29/10/2017, 13:19:05 UTC
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?

no no no, not a banking but system behind the banking i think.
it help banking for any transaction, fastest sending fund, transparent transaction
it's a breakthrough for payment gateway,
when we talk about banking , automatically we talk about the system behind it , and all transactions with bitcoin realised by Blockchain . so the blockchain is it the future of banking system ?
Blockchain is the future of the banking system, but not the bitcoin's blockchain. Banks will develop their own blockchain, and they will use it to cut their costs on transactions and to speed them up. Bitcoin (and other cryptos) has some time now to grow and develop before banks go live with their own upgraded system. They won't tell people that they have developed a new blockchain based system, but they will advertise that their new system is quicker and cheaper, and that's all what people need, they don't care about the back end. If that happens, that will be a hard time for cryptos