Ninjastic
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Re: Can Bitcoin make Banks disappear?
by
Lalalalabells
on 21/02/2018, 10:04:09 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?




For me banks will not literally disappear instead maybe bitcoin will just go above them because there are some people who are more comfortable in bank rather than bitcoin or vice versa. Because banking system is what the people use to use after the trading system is gone. It will still depend on the peoples choice.