Quote from: Best Dreams on February 09, 2020, 05:09:27 PM

Quote from: JessicaVL on February 05, 2020, 07:13:28 AM

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

I don't think that banks will ever be replaced, and if they ever are it won't be in our lifetimes. I do think that crypto banking is something that is going to become more prevalent. There are already companies such as Tap that have come out with crypto banking apps, and I think this is just the beginning of the future of blockchain banking.

Crypto has its own place and banks have its own so if we say bitcoin or any other crypto is made to replace banks it's not right stall. We should keep the value of crypto and of the banks at the same time. But the reality is people now prefer to use crypto for storing money because it gives them a chance to earn and save at the same time. If we will store money in banks it will give us no profit.

crytocurrency is indeed associated with blockchain. but I don't think banks want to lose their place, because this is related to the economy of a country and the government that governs it. instead banks will adopt a blockchain to expedite bank tasks. I think the government will find a way for banks to continue to exist