Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Presh0351 on June 17, 2018, 01:11:21 PM
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What will happen if everybody in the world uses crytocurrencies???
Will banks adapt to the new condition??
Will banks collapses
I think yes
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My thing when it comes to banks is I think they will make their own tokens over using something like ripple... they may admit defeat in the battle, but they won't lose the war...at least where they concede will be based on their own standards and not their hand being forced.
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That should be yes in some cases if the banks agrees
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It is unlikely that this will happen, but let's assume it happened. In this case, banks will adapt to the new situation immediately. They'll start using their own tokens over the blockchain. I don't think they'll be completely disappear.
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The banking system will exist in any case. Now it has become a permanent attribute of the state. After the legalization of the country's crypto currency, banks will adapt and begin to provide services in the currency exchange for their exchange. However, I think that they will not perform other transactions with crypto currency, such as accepting a crypto currency for depositary deposit or issuing loans in a crypto currency, because for banks this will be too much risk.
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Yes, banks and large payment systems adapt cryptocurrency for themselves.In principle, Ripple technology is already used by banks.There will be a kind of synergy. Perhaps when dealing with traditional money will use the advantages of cryptocurrencies such as speed, small fees ...
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If everyone has used crypto currency, I think the bank will soon follow. But if the bank collapses because everyone uses crypto, I don't think so. BAnk will still function as an institution that regulates currencies in each country.
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Banks around the world as many countries today are afraid of cryptocurrency. Today, all the people of the world invest their free money in stocks, government bonds and interest-bearing banks.
Imagine a situation when the cryptocurrency will be even more popular, officially allowed and available worldwide. Banks simply will not stand it because logically all the money will flow into the cryptocurrency. People can not be deceived and if the chance to make money on cryptocurrency will be much higher than investing in government agencies, we will see the collapse of the banking system. From all this and try to save us the state. They don't want
money flowed from their pockets to someone else's. Therefore, they are trying to introduce cryptocurrency regulation.
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i dont think so, maybe crypto currency was important, but remember, crypto would never replace real money or bank, because not all of thing in the future using digital, i mean for currency sure will using digital asset like crypto, but it will never replace cash money.
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Whatever short history the crypto has, it has already proved it cannot be contained or destroyed. Either the banks and the authorities go along with the flow of crypto and make them friendlier to both the public and the bank, they would continue to exist otherwise people would start looking for alternatives.
The next standard of banks would be based on blockchain and no one can stop that from happening.
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It is undeniable that crypto is increasingly developing and used by many people in various countries. And in my opinion, banks will adapt to new conditions like that if they don't want to be left behind like other world banks.