Post
Topic
Board Economics
Re: Can Blockchain Replace Banks?
by
ScamViruS
on 18/02/2020, 18:08:12 UTC
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

No.The bank will never want people to transact in a decentralised manner. Blockchain cannot be replace bank. The government of a country does not want its people to use decentralized currency. And the government controls the bank. Banks can add blockchain to their business, so blockchain cannot be replace bank