Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
flying_bit
on 22/02/2018, 17:17:53 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?



No, banks will not disappear but cryptocurrency(not necessarily bitcoin) will coexist together. I believe they will both adopt for the existence of one another and so are the government and the people.
We may want not to use fiat but I believe that we will never be able to make fiat disappear  but like banks it will coexist with cryptocurrency. Each and everything will serve it's own purpose to make people life better.