Quote from: BlueStackz on November 16, 2018, 05:41:51 AM

Quote from: panatinaikosx on November 02, 2018, 11:04:45 PM

When you think all banks around the world with adopt blockchain technology? Or this will not happen too soon?

In my opinion, things are not so simple as they look like in the form of theory. There are millions of banks around the world and the US federal bank is one of the powerful one which work to maximize the profit and at times of need, assist the government. A cryptocurrency concept will not be so strong to disrupt the banking system though the small banks do fear the system.

I do agree that banks must adapt technologies but do not think for a while that they cannot survive without the cryptocurrency. The banking network is very strong and this cannot be out kicked so easily.

Somehow, I always have this notion as well, considering the fact that banks have existed over the years; and there is a lot more that pertains to banking activities than savings, but we all know savings is a huge part of it.

Moreover, something that has always occurred to me is the fact that even though we may not get to see everyone shifting gears into using crypto, banks will always feel threatened with a competition when it comes to the aspect of people who are well learned and crypto enthusiasts over time, sticking to using their own wallets and being their own banks, and that is some faction, they sure won't want to just let go. So in a way, I believe that will make them come up with something to practically still make them relevant and useful over time when it comes to also benefiting from the crypto space.