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 don't think that Bitcoin can make banks disappear, maybe their customers will be lesen but there are more people who wants banks because they are afraid to the possible risk of Bitcoin. Many people may use Bitcoin but choose banks to invest their money; because banks have papers that serves as the proof when unexpected things happen. You can make assure that all loss money were be back to you whatever happens.