Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
BlackRacerX
on 13/11/2017, 12:32:33 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?



I doubt bitcoins can beat fiats and the banks that hold them because of one thing: bitcoins and fiat money are two completely different things. One can never beat the other and vice versa. But for me, it reakky depends on the masses' reaction on whether or not bitcoins as a world wide currency, will help ALL of the people, whether poor or rich.