Since banks profit from fees and blockchain will kill fees, my guess is banks will be negatively impacted.
Some banks are already stepping into the blockchain world.
But blockchain will not bring back the profits as otherwise.
Any thoughts?
Apologies if this is not the right place to discuss.
Thanks in advance.
In my opinion, although banks will be negatively impacted as you have said, I think banks can avoid that continuous event to happen if they will do some sort of changes in their services just like an adaptation or providing of bitcoin exchanges to get in line with the demands of their consumers of using bitcoin as a term of currency. If they will do such thing, I think the negative impact will be lessen and somehow regain what they have loss due to the continuous demand of bitcoin rather than real money.