Quote from: haroldtee on November 20, 2018, 07:20:37 AM

Quote from: Janation on November 17, 2018, 07:01:36 AM

Quote from: selardkinley on November 16, 2018, 07:59:05 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?

Banks are very prone to getting hurt by the crisis and can not really do something good to shield them selves. Though upgrading the system to crypto might solve some problems.

I don't think cryptocurrencies will be a problem to them. Banks are something that is inevitable to exist in a country since it is a great business if you will be looking at it.

As long as there are people using fiat, there will always be banks. Even though people are using cryptos, there will always be people that will use fiat since most of them are not used to use another currency and not that used to technologies and others are not really on cryptos to use on the society as a payment method. I'd stick on an investment crypto rather than a currency crypto.

Sure one way to look at it, but one thing we still have to realize is that banks has never for once had any competition and that has made them to do whatever they please, bring any policy that suits them at the detriment of the customers, knowing that in the actual sense, people certainly do not even have a choice at all.

Now, this is a different case entirely and it is pretty obvious that banks are now beginning to feel threatened to some extent at least with the existence of cryptocurrency, which to me is something good and those values we are not actually seeing yet with banks, will start popping up as they tend to try as much as possible to stay relevant. So one way or the other, to survive, they will just have to adapt!

Well i wouldn't call cryptocurrencies a competition yet. And banks are far from extinction phase. Though i think banks are well aware of what the emergence of crypto and mass acceptance of it means. It's inevitable that some time probably in the future, banks will find a way to cope with advancing technology.