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Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
WishMeBad
on
19/12/2017, 08:00:33 UTC
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?
As banks adapts to the blockchain technology they won't dissapear from the map, altought there ain't many banks addapting to the new tech it will happen soon.