Re: Can Bitcoin make Banks disappear?

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?

I think it will not disappear because many people are using banks for many years and they know that it is trusted. They will refer it to their children and it will pass down to their race that's why it is difficult to bring down banks.