Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
weblaraveluser
on 24/01/2018, 23:37:44 UTC
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?



Banks will not disappear even the nations will become a cashless country because there are a lot of people who already invested on banks when bitcoins does not exist before at the first place. People will still use banks no matter what happen but they will earn less investors when bitcoin dominate the market.