Is Bitcoin going to affect Banks in the future?

[elbans89]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

Yes I think It will happen.Bitcoin wilk affect the banking systems at the coming future.

[ComeBack]

I think yes, Some people and organization trying to regulate bitcoin now but I don't think they can do that. Also I think sooner or later bitcoin will be accepted by bank as their payment too. There's alot of advantages they can use bitcoin but there's also some disadvantage like they can't put a tax to bitcoin user.

[Miftakhul2]

bitcoin will not affect banks in the future, instead, banks will join in developing bitcoin, and both will advance ..

[pacar_tiri]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

In my opinion the banks should accepts or create crypto because It is the future technology. I think Bitcoin will affect the banks at the future.

[Alcor]

Certain influence bitcoin on the banks, of course, will. However, such influence will not be significant. Bitcoin can not take on any functions of banks or replace their existence. Bitcoin just can not do it. Banks will provide services for the exchange of crypto currency after the legalization of the crypto currency by the states. They can also open bank accounts in crypto currency for individuals and legal entities whose activities will be related to the crypto currency. However, banks will not accept the crypto currency for depositary storage or issue loans in the crypto currency, because it will be too risky for banks.

[marcsymons]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

I think it will not because majority of the banks have supported Bitcoin existence like in those countries that declared Bitcoin as legal. Even in some countries that Bitcoin is not legal but not ban like here in our country in which our Central bank is supporting Bitcoin that majority of our leading banks are in partnership with our local exchanges then we could use the banks facilities during fiat withdrawals.

[nakmantu99]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

Yes I think At the coming future, Bitcoin will affect the bank. Bitcoin will dominate and will be needed.

[kent47400]

There may be a slight effect from Bitcoin on the Bank, as is the lack of trust to save money at the Bank and it is better to save money on cryptocurrency.
The second is that Cryptocurrency and the Bank will work side by side because cryptocurrency also needs a Bank to disburse funds to FIAT.

[Watu_pawon]

yes it's true that bitcoin can greatly affect banks, because bitcoin is a decentralized system that doesn't need a third party.

[bayiajaib]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

Maybe at the future It will happen , Bitcoin affect the bank when the bitcoin is more stable and more popular.

[ComeBack]

Yeah when that time comes we will see the effect of it to the banks because like other of us said bitcoin is decentralized and there's no really way that they can control or manage it.

[Barkas]

maybe now the existence of bitcoin has a pretty bad impact on the bank, but both are able to go hand in hand and not drop each other ..

[TiffanyLien23]

Maybe yes maybe not but one thing is for sure, there are banks that are afraid of that might be happen in the future because there are countries that bitcoin or this kind of digital currency was banned because of that rumors that keep on spreading out into their countries.

[aldi putra]

maybe only one or two banks because it is impossible for all bank banks not to accept coins or cryptocurrency tokens the reason is they are afraid of system hacking. lose their money.

[Fenix]

The government is overwhelmed with the massive turnout of the patronage of BTC and crytocurrency in general. Its decentralization scares them the most. Do you think Bitcoin will affect the banking systems adversely some time to come?

Such an influence will be minimal. Decentralized crypto currency can not significantly affect the working  banking system. Banks will always work in their usual regime and will always be under strict state protection.