Post
Topic
Board Altcoin Discussion
Re: Will banks disappear because of cryptocurrency?
by
cheezcarls
on 02/03/2019, 03:25:04 UTC
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

I honestly think that banks isn't going anywhere for a long while. With the emergence of cryptocurrencies, it's either they would fall behind or ride on with the trend. It seems that not all banks are against cryptocurrency and blockchain. In the Philippines, Unionbank was the first bank to welcome cryptocurrencies in their system. Because of that, their first crypto ATM will be launched and in full function within this year.

I understand why a lot of banks are against it because of being a threat to their system, especially when it comes to transferring funds from one bank account to the other. Once they understand the technology and embrace, there is no doubt that the banks would be here for a very long time. For me, I think they're not going anywhere.