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.
The existence of cryptocurrencies has an effect to the banks. In terms of investment, people now preferred to invest in cryptocurrencies and ICOs. In terms of online transaction, they prefer now wallets over online banking. In terms of trading, people do it by themselve srather than entrusting them to banks. Banks would stay as is it, however, they need to adjust and adopt to changes and trends.