Quote from: SummerBliss on October 10, 2019, 01:51:17 PM

Quote from: Unblock_news on July 11, 2019, 02:37:31 AM

The creation of blockchain came with possibilities and predictions of a future where intermediaries could be eliminated entirely. It is capable of executing millions of transactions within seconds at a lower transaction cost and requires no centralized authorization.

With the blockchain trend going on as strong as the moment, is it possible that blockchain will replace banks any time soon in the future?

More here: https://www.hb-wallet.com/post/2018/12/20/can-blockchain-replace-banks

My answer is that crypto or blockchain can replace partialy banks but not in overall because replacing fiat completely with digital coins is not at all easy task and it will take time say many years.Banks provide various services which btc cannot provide such as advisory sevices,loans,custodian services are integral part of financial system of banks.So we can say banks are here to stay for a long period of time.

some bank function could supported by blockchain technology,but it could not replace all of bank function.we know that bank has main roles in our economic life even banks have important roles in counties economic growth.loan that they disburse to businnessman could drive economic activity that has positive impact to citizen prosperity.collaboration between bank and blockchain will give tranparancy and efficiency in system.