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.
Yes your thought that you are discuss is so true because nowadays banks is not already safer than before. We can also defined banks as not safe this time because thier are too many scenarios that it falls it secures so that many money loses. Bitcoin investments and others or such as electronic banks is safer than banks. So maybe i guese that banks can be lose its value because of this.
that is not true, I myself use the bank from the government for a long time and I have never experienced any loss, I keep most of my money in the bank and there is never a problem, the security in the bank is also getting better nowadays, and besides fee is not a problem if the transaction interbank happens very quickly / instant, I do not think that the bank has a complicated problem, in fact we are all still dependent on the bank