Post
Topic
Board Economics
Re: What would happen to banks?
by
hatsoff2btc
on 28/07/2018, 07:15:12 UTC
In every business it's the same. When new technology comes up the existing businesses will evolve or die. And obviously new businesses will also rise strong.
Same happened with mp3 and music industry...
You are right about the advent of technology and its impact on the existing market but one should not forget that banks are the financial institutions set up by the government and follow the rules and regulations the federal bank sets for them which runs the government. SO in my opinion, banks will never perish just because of the arrival of crypto. It has been a decade since Bitcoin is rolling in the market but there are still lots of banks in Time Square NY and in my country.