Post
Topic
Board Bitcoin Discussion
Re: In a bitcoin society! What is the role of banks?
by
Beef Supreme
on 01/05/2014, 20:17:58 UTC
IF such a dramatic change is ever to happen (which I doubt) then the major role of banks will still be the same as nowadays: give out loans and do investment banking. Most banks would get rid of savings and salary accounts rather sooner than later if they could but there is no money to be made from that. They just keep them because in most countries laws require them to back a certain amount of their investment banking (speculation) with actual savings and real money.

LOL, real money?

Paper mache'?