Ninjastic
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Re: Can Bitcoin make Banks disappear?
by
shanksluffy
on 20/01/2018, 18:59:25 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?


No, Because investor or the other people that involves in bitcoin would not cash out because other people withdraw their salary or profit by banks and the I think all banks can manage or put a bitcoin in their system. Many banks approve bitcoin because many people get their money or make their money using bitcoin.