What would be the future for banks?
Blockchain technology can be used to give access to financial services to billions of people around the world. Bitcoin allows anyone to send money across borders almost instantly and with little fees. How do you see the future for Banks?
The future of banks is not ambiguous or uncertain. Banks are still functioning in countries where Bitcoin is being traded and accepted widely. Besides not everyone among us use Bitcoin for there is still a large number out there who do not believe in the technology or in simple words are illiterate in the subject. Banks perform wide rang of functions. You can open a current account which can let you withdraw cash any time or a saving account which gives return without having to think about the fall in the prices like they do in case of Bitcoin.