Traditional banks in the crypto economy of future

[Delgboke]

If the traditional banking system dies off it will affect many people that are not in the internet world although in the other hand it will be interesting because it will now create job opportunity for those that are already in the Cryptocurrency ecosystem it will create room to teach younger generation on how to trade Cryptocurrency, but for me I want both traditional banking system and Cryptocurrency to co-exist.

[Freemind]

If the traditional banking system dies off it will affect many people that are not in the internet world although in the other hand it will be interesting because it will now create job opportunity for those that are already in the Cryptocurrency ecosystem it will create room to teach younger generation on how to trade Cryptocurrency, but for me I want both traditional banking system and Cryptocurrency to co-exist.

Whether we like it or not, banks will not disappear, or at least not completely. What banks are trying now is to modernize by launching their own CBDCs to enter the digital age, something they should have done several years ago. Although every day there are fewer physical offices that provide services to citizens (which is a problem for the elderly), digital services will increase to try to reach all kinds of customers. In my opinion, what the banks are doing now they should have done years ago.

[masudginanjar]

Traditional banks will provide a unique change for the better future thus creating a great bridge for cryptocurrencies to work together in all markets.
I also believe that this is something unique to be able to continue on the right track and be accepted by the wider community so I believe that Traditional Banks will be able to open up the best opportunities for all in the cryptocurrency space.

[Doctor]

Traditional banks will provide a unique change for the better future thus creating a great bridge for cryptocurrencies to work together in all markets.
I also believe that this is something unique to be able to continue on the right track and be accepted by the wider community so I believe that Traditional Banks will be able to open up the best opportunities for all in the cryptocurrency space.

I think traditional bank won't allow or adopt bitcoin and altcoins.
Traditional have CBDC, It's centralized system.
Bitcoin is decentralized, So I think It will never happen.
But If traditional bank will adopt bitcoin, It will have big effect for bitcoin market.

[Senin]

I think, in the future bank will use digital cryptocurrencies. And crypto will exist with digital assets. Cash will die soon. Bank system will be modified.

The truth, as always, is somewhere in the middle. Banks, for sure, will not fully work with cryptocurrencies, since decentralized cryptocurrencies do not correspond to the principles of their activities. However, if the state legalizes cryptocurrency, then banks will have to partially adapt to the changed situation and perform some operations with its participation. Central banks will create their own CBDCs and it is still difficult to say how they will interact with cryptocurrencies.

[Oksana Ksyusha]

Traditional banks will provide a unique change for the better future thus creating a great bridge for cryptocurrencies to work together in all markets.

Really I agree with you. Old bank system will be transformed. Cas will dissappear, so there will not be depositories of cash. But I think that  state digital assets will take their place in the future world economy. Bank transactions will be cheaper and quicker. I think it will be another world financial system.

[Afony]

It will be very difficult for banks if they accept cryptocurrency into their system. They only have to create their own coin for bank transfers. Maybe someday a script bank will be created where you can come and buy cryptocurrency, or invest.

[Freemind]

I think traditional bank won't allow or adopt bitcoin and altcoins.
Traditional have CBDC, It's centralized system.
Bitcoin is decentralized, So I think It will never happen.
But If traditional bank will adopt bitcoin, It will have big effect for bitcoin market.

Traditional banks go where they smell money, and they are not going to give up the big cake that is Bitcoin and cryptocurrencies in general. There are several banks (worldwide) that have been investing in crypto since 2013, albeit privately. After the last Bitcoin ATH the boom has been incredible, that is why the government of El Salvador launched the Bitcoin law, that is why India is also thinking of legalizing Bitcoin (it seems with very high taxes) and that is why a few days ago the Minister of Finance of Russia Anton Siluanov has submitted a draft to allow Russian banks to sell cryptocurrencies.

[innerpumper]

I'm sure it will not destroy traditional banks, we only need cryptocurrencies in digital form, not physically, of course, it is very difficult not to prove it as payment. In addition, money circulating in traditional banks is easier to inherit, whereas bitcoin or other coins do not have a custodial body because they are very private.

[Freemind]

It will be very difficult for banks if they accept cryptocurrency into their system. They only have to create their own coin for bank transfers. Maybe someday a script bank will be created where you can come and buy cryptocurrency, or invest.

Personally I don't think that implementing cryptocurrencies within the banking system is a problem, with the right software it can be done. In any case, I think that if banks (although there are already some that do) approach cryptocurrencies, it will be to offer them as a product, now I don't remember the names, but there are some banks that also offer cryptocurrency custody, the banks take care of the security of the clients' cryptocurrencies, but I don't know what prices they have for that either.

[dekafee79]

Traditional banks will provide a unique change for the better future thus creating a great bridge for cryptocurrencies to work together in all markets.

Really I agree with you. Old bank system will be transformed. Cas will dissappear, so there will not be depositories of cash. But I think that  state digital assets will take their place in the future world economy. Bank transactions will be cheaper and quicker. I think it will be another world financial system.

i don't think It will happen soon, because I see there are several countries that refused crypto currency.
But at the coming future, I think we will see many bank allow bitcoin and altcoin.
It's just processing to be the digital era but It will take several years again.
Not for the few years, maybe more five years again.
Crypto will adopt and will be used at the coming future, Let's see.

[Freemind]

i don't think It will happen soon, because I see there are several countries that refused crypto currency.
But at the coming future, I think we will see many bank allow bitcoin and altcoin.
It's just processing to be the digital era but It will take several years again.
Not for the few years, maybe more five years again.
Crypto will adopt and will be used at the coming future, Let's see.

All the changes that have affected society have taken many years. In this case, we are talking about technology and unfortunately not everyone has access to it or a deep understanding of how to use it. Banks will use cryptocurrencies (there are already some that use them) but a widespread implementation in society is something that will take a long time to come, younger generations will not have learning problems, but older people will.

[Sumi]

They will still survive and maintain the banks to exist. However, they will follow the development era of technology. using blockchain technology? Maybe. Or, probably there will be another more advanced technology to be offered in the future than Blockchain. We will not know that

[Speaker]

A huge number of web 3-based products are just beginning to appear.Blockchain has a huge potential that has not yet exhausted itself.

[Freemind]

They will still survive and maintain the banks to exist. However, they will follow the development era of technology. using blockchain technology? Maybe. Or, probably there will be another more advanced technology to be offered in the future than Blockchain. We will not know that

I agree with you, banks have too much power in all areas of society to resign themselves to simply disappearing. Banks will still exist but modernized, and will probably use blockchain, but they will be private chains of course, only banks will have access to transaction histories. Personally, I have never liked banks, they have too much power and take advantage of their power and influence to support wars and invest in the arms industry.