Quote from: Jake Virus on September 19, 2018, 12:04:29 PM

Quote from: Retty on August 27, 2018, 07:52:45 PM

Despite what many people may think or hope, we are a looooooong way from the end of banks!

Crypto is still very much in its infancy. Yes there is lots of activity right now in the crypto scene, but theres a lot of crap needs to be flushed down the toilet first! Banks still play a very important role and i think will continue to do do for a long time yet- certainly in the western world where i am.

Also crypto has to appeal to the majority of people before any such statement could be made. At present- we are a long way off!

It might be the end of banks in some countries who have corrupt governments and/or currency that is hyperinflated, but thats not happening where i am and i don't envisage it anytime soon either.

I somehow disagree with the statement above. Many people are still not into the use of cryptocurrency. Some do not have the access such as the internet or smartphones/computers to be able to use it. I dont think it could fully replace banking industry.

It is true. Banks will never be replaced in the future, it will continue to exist since Banks are not just for the payment methods, it also holds a great responsibility on one's country's economy. Banks let people business owners, business owners to be and loaners borrow money from them and with that, the economy lies through it. The more banks help people, the higher the economy goes. If we will be removing the banks, who will do these things? Another company will be built for it?