Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bluefintuna01 on September 21, 2018, 07:58:45 PM
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
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it can happen but it will be difficult for now the problem is there are some countries that reject the presence of Blokchain. but that all does not rule out the possibility that in the future Blokchain can replace banks in each country
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Banks and blockchain.
What is the correlation ?
Maybe, banks can apply or use blockchain technology to improve their payment service. Banks are interested in blockchain, I think.
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bank is different thing and blockchain is different thing from each other.
banks can use blockchain technology to maintain its service and money transfer.thats it.
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Bank will use the blockchain technology and can transformed the Banking Sector. Like Swift experimenting the Blockchain technology. Blockchain does not replace the banks but can improve the efficiency in banking sector.
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Digital currencies has faced a lot of challenges for sometime now and it will be very difficult for it to be accepted worldwide, let alone replace banks. I believe it will take so much effort as well as a lot of time before this can happen.
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I don't think that replacing banks is a realistic option but I'm quite confident instead that banks will adopt blockchain soon for many services because they can have big benefits from that.
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Blockchain does not replace banks but can improve efficiency in the banking sector. Banks will use blockchain technology and can transform the Banking Sector. So both of them can still be run.
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
Yes I think block chain paltform will replace bank at the future. Because Crypto is the future technology.
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It definitely can replace banks in terms of keeping your funds safe. It can't really be used for loans or anything like that though, which is a huge part of what banks do, so people can get mortgages for homes and things like that. Bank money is insured as well, so if the bank gets robbed you're covered. If your crypto wallet gets stolen you're basically screwed and can't get anything back.
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I do not think so. Banks are not only for transactions of money. But banks will adapt blockchain technology. We all benefit faster and cheaper transactions.
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I think banks can use blockchain technology in their systems, blockchain will make it easier and more open for banks and customers, all transactions are paperless and unlimited, I think banks and governments are still hesitant to implement blockchain technology in banks
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I think blockchain is one of the best ways to ensure global security and independence. If the same trend continues, then the blockchain will really be able to move banks from their rightful place and then there will be the largest coup in the world economy.
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I just think that blockchain can support and improve banks with its technology. It shouldn't replace the banks yet the banks are needed forever. Banks have been familiar with people, and they have a big influence in improving economic sector. It won't be replaced by blockchain or others.
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In my opinion, one of the promising coins is Bitcoin, Ethereum, because they are the most popular and prosperous.Correctly, do what you like most, if there are accurate news and forecasts, then people will be drawn to you, consider this. ;D ;) :)
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If indeed its development continue to be good as it is today. then I think it is not that difficult to be replaced or the equivalent of a bank. even one point would be many countries that legalized crypto with blockchain.
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Blockchain can replace a bank as long as it can be accepted by everyone in the world. But I am sure that Everyone in the world approves and likes the Blockchain system rather than using the Bank in Transaction. So in the case of Blockchain transactions it is more economical than using a Bank. Maybe someday the Blockchain will be able to replace the Bank. However, this term will be very difficult because there are so many people with different conditions and countries in the world. I think it is almost impossible to replace the bank for now.
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Possible that the blockchain can replace the bank system. Actually there are other good ways for this. Blockchain applied in banks is the best and most advance money storing system.
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we know that blockhain technology has the sophisticated technology and also provides many advantages. if we can use it well then it will really help us in doing a day's activities. but I don't think everyone can accept cryptocurrency properly.