Ninjastic
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Re: Can Bitcoin make Banks disappear?
by
adjudicator
on 26/01/2018, 15:35:37 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?


It can be happen anytime, but as long as the older people are still using the old way, going to banks to cash out some moneys the banks will never disappear. Because there are lots of people are afraid fo innovation and development so they are sticking to the older ways.