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?
Yes , i agree. Banks plays great significance in the financial system and economy.It is the key component in financial system that allocates funds. However, with the evolution of Bitcoin, the scenario has changed. The economic power that vested in the government and central banks is shifting to the public. This economic power can be challenged by people with this digital currencies.