Ninjastic
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Re: Can Bitcoin make Banks disappear?
by
Bitcoinismylife12345
on 23/01/2018, 09:22:16 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?


That's exactly will happen if bitcoin will continues to over power other currency and that's also the reason why bank owners fear this thing. They have start studying how bitcoin's blockchain system works so they could merge with thier own banking system and make them more powerful.