Post
Topic
Board Economics
Re: Is banking still important in the bitcoin era?
by
sakokinak
on 10/05/2018, 12:40:21 UTC
of course, the bank has its own role in a country, its small example as a container for lending capital, other credits and as its, even though the development of crypto world is very rapid, but the bank has its own role, and they will not close the company, maybe later them will follow also the current development of the crypto world
true, banks is still essential today even if cryptos are soaring today, because not everything can buy and paid in bitcoin, we need banks for conversions of bitcoin to fiats in less fees, there are other purposes of banks that bitcoin cannot cater like housing loan, car loan ,business loan and salary loans, we still need banks, we can live with it up to now, we are ok with cryptos and banks co-existence.

Maybe people that will use the cryptocurrency will not deal with the banks so actively but most of us will have these services. Banks will not disappear.