Post
Topic
Board Economics
Re: Is banking still important in the bitcoin era?
by
madainfamous
on 06/03/2018, 05:54:51 UTC
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Banks do really matter specially in today's bitcoin era. Through these banks we were able to deposit our money in the crypto that we wanted to invest. Even though we can consider today as bitcoin era, they still differ on the market that they cater. Bitcoin, p2p and online exchange sites are created for transactions of cryptocurrencies. While banks are created for fiat exchanges, a way to keep and save our real money. Banks also adapts to the booming technology that's why it will still continue even if digital currency has been a thing.