Ninjastic
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Board Altcoin Discussion
Re: Will banks disappear because of cryptocurrency?
by
asriloni
on 29/08/2018, 23:08:18 UTC
Quote from: take_off on August 29, 2018, 08:05:02 AM
Quote from: GsxR150 on August 29, 2018, 06:19:56 AM
Quote from: Mr.frost on July 19, 2018, 07:09:36 AM
This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

In my opinion, that won't happen at all, because believe me we won't want it. Crypto is a p2p transaction that will still need a third party.
I think we will not trust each other to transact without a marketplace. So I think it's impossible for a bank to not survive.

The central bank is representing the money or the government of that country, if the crypto make the bank gone, then it is also like breaking a government. Heads of states will not let crypto do that
It will never be happened because the bank backed by the government and it has all of control to the financial system of the country itself. It will be impossible for crypto to disturb the financial system of bank directly but it can eat it through encourage more and more people will try to use crypto to get their financial freedom.