Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on September 19, 2018, 02:23:38 AM

Title: Will Banks disappear because of cryptocurrency?
Post by: Domithra on September 19, 2018, 02:23:38 AM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Dinid on September 19, 2018, 03:11:35 AM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.
That's good. There are many possibilities.
May be, Banks can implement blockchain technology into their payment feature to improve their services. But may be, they will not use altcoin such as bitcoin or ethereum, instead keep using their native currency as well.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: RedzoneASE19 on September 19, 2018, 03:31:07 AM
Nope, I don't think that banks will thoroughly vanish because of crypto. Wealth security is more safer in banks than to cryptocurrency.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: aji678 on September 19, 2018, 04:29:20 AM
I think that cryptocurrency is not a reason for disappearing of a bank, nor it will not affects banks. Cryptocurrency can stand without emerging into banks and also banks can stand without emerging with cryptocurrency. And each of them has a role anr have similarities and difference as well.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Nakmat_cinta on September 19, 2018, 04:33:27 AM
if I think the Bank will never get rid of bro. cause there is a cryptocurrency world. instead I always think that banks and cryiptocurrency can go hand in hand ..
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Alcor on September 19, 2018, 07:22:42 AM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.
Indeed, this is so. Over time, banks will be forced to provide services in the crypto currency, especially this will happen quickly after the legalization of the crypto currency by the states. However, most likely, banks will only provide services for the purchase, exchange and sale of crypto currency, other banking operations with cryptovoyta for them will be too risky because of the large price volatility of the crypto currency.
As for the technology blockchain, the banks never refused to use it. This is evidenced by the good acceptance by banks of the ripple coin, which is based on this technology.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: trackermoney on September 19, 2018, 10:16:42 AM
The bank will not disappear because of crypto currency. Banks will continue to be used despite the rapid development of crypto currency. Because we know, the bank is one of the institutions that regulate the state's wealth.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: TERENCIO on September 19, 2018, 10:42:50 AM
Bitcoin was created for peer to peer electronic cash would allow online payments without the need of third party but I highly doubt, it will replace Banks because Banks are controlled by government and  central authority. Can we fight the government? they have power and power is power. But Bitcoin is here for the long term.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Lighthouze on September 19, 2018, 11:05:04 AM
Cryptocurrencies haven't gotten wide adoptions to the extent that they threaten fiats and the banks that issue them. Cryptos mostly facilitate peer to peer transactions mostly and with the banks, they're needed in some big transactions because how safe they are. More so, banks are being controlled by central governments of individual countries, especially their Central Banks.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Gucci on September 19, 2018, 11:37:39 AM
This is impossible in the short term. But a big threat, of course
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: tamango on September 19, 2018, 11:38:31 AM
No i don’t think that banks will disappear but it’s probable that they will implement blockchain in many in their process because it will increase security for customers
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: pacar_tiri on September 19, 2018, 11:44:16 AM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.

Yes I think banks will disappear because of crypto currency at the coming future. Because crypto currency is the future currency. The banks should create new crypto.It is my opinion.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Gucci on September 19, 2018, 12:48:48 PM
If the future crypto coins will be very fast, we will be in compliance with the bank's ceo also have explanation. It's like they're not too scared to embrace them.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: zenbook on September 19, 2018, 02:32:53 PM
the Bank will be able to get support for crypto. with the existence of a system of crypto and crypto attraction will make the bank will also continue to exist and even this would be a new economy in the revolution. Moreover, the bank is also an important thing in a country so surely will not be anyone could shift its position.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: nakmantu99 on September 19, 2018, 02:39:30 PM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.

No I think the banks will not disappear because of crypto currency. Banks will manage the fiat money and old man. I think banks will create a new crypto at the future.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: moonking on September 19, 2018, 03:06:04 PM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.

Don't see how integrating crypto currency into a bank account would benefit people, since crypto gives you the ability to be your own bank, and funds appear to be safe on the block chain or paper wallet.  In terms of that crypto to cash connection, that kinda falls under exchanges, not banking.  The most important part of a bank in north america is to provide a mortgage, its not that hard to find a place to store money, but only big financial institutions provide such big, long term loans.  I remember my first online wallet experience felt almost exactly like an online bank, it supported multiple currencies and I could send it in dollars, and it would send the required amount of chosen crypto.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Lanirex on September 19, 2018, 03:12:08 PM
The era is increasingly advanced, technology is increasingly modern. There used to be no Bitcoin there was no Cryptocurrency, but now Bitcoin and Cryptocurrency have become daily needs. And it must be followed by government related institutions to change banking regulations, they must be prepared to accept this change. I believe in the future there will be banks that accept Bitcoin transactions and savings
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: chapcha on September 19, 2018, 05:08:05 PM
Banks will be very difficult to control Crypto because they do not have the authority. So it is likely that banks can just bankrupt because of Crypto. But it was very difficult to happen, how is it now strengthening fiat currencies rather than crypto, because crypto is now down, and causes many users to disappear and move to the real world. So all that is very difficult.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: pelana vreo on September 19, 2018, 05:11:46 PM
banks and crypto can work together, I'm not too sure, but if banks don't want to miss they have to take quick steps to use blockchain technology, if traditional banks cannot accept crypto, I'm sure they will be replaced by cryptobank in the future.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Seeyy on September 19, 2018, 05:14:28 PM
most likely, banks will only provide services for the purchase, exchange and sale of crypto currencies, other banking operations with cryptovoyta for them will be too risky due to large price volatility of crypto currencies.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Zed0X on September 19, 2018, 06:33:05 PM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.

I agree. From where I am from, there are banks who are now integrating blockchain technology. Even our central banks approve cryptocurrency exchanges.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Kubiga on September 19, 2018, 07:12:42 PM
it looks like the bank will not disappear, instead it will grow and accept crypto in the community will make something big and the bank will have very profitable cooperation
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Cakra bumi212 on September 20, 2018, 03:51:58 AM
Conventional banks may not be lost because he is the center for channeling and raising funds in the community to improve the living standards of these people.
With the growing age, it is likely that cryptocurrency will collaborate with conventional banks to create a new economic order that is easily accessible
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: Joe Taslim on September 20, 2018, 04:42:20 AM
I don't think it will be as easy as that to be able to shift the role of the bank. due to the centralized nature of the own bank where government intervention exists therein, should not be confused with crypto or bitcoin. so the bank will keep persist in my opinion.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: owmivmen on September 20, 2018, 04:51:42 AM
Isn't that a good thing? The bank will make better changes using blockchain technology. Blockchain technology will make it easier for user transactions.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: KaptenCacing on September 20, 2018, 05:53:49 AM
even crypto is decentralized but bank security is better
maybe for better option banks can use blockchain technology
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: ayatoslaw on September 20, 2018, 06:12:27 AM
maybe in a developed country, the bank has allowed and accepted crptocurrency transactions, but in developing countries like Indonesia, criptocurrency is still not approved by the bank, maybe if it is approved in the future, more people will know about criptocurrency.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: marshmellow on September 20, 2018, 08:09:43 AM
Many factors will be caused by the Bank to disappear. So it's not just because of Crypto. But sometimes the bank goes bankrupt and so on. If the Bank can be lost due to Crypto, then Crypto in the country is very good and advanced, bro. That is the basis on which the Bank is no longer useful in the transaction and savings and investment process. So everything uses the Crypto World.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: marshmellow on September 20, 2018, 09:47:52 AM
Maybe in a country that has legalized Crypto longer. Then the country will lose their bank as a fiat currency in the country. But it seems that the Bank will be difficult to replace with Crypto and eroded by Crypto in this advanced age. Because the position of the bank greatly affects the state of the state finances. So if that happens, the government will not remain silent to argue or that prohibit its citizens from using Crypto. That's my opinion about this bro.
Title: Re: Will Banks disappear because of cryptocurrency?
Post by: mahadev on September 20, 2018, 10:21:18 AM
Banks have the approval of the governments and as time goes on and cryptocurrency gradually crawls to hit the mainstream, the banks will change and improve upon their service. Banks will be left with no choice than to integrate Blockchain and cryptocurrency in their services in order to fall within the trend.

No I think banks will exist, The banks will create a new crypto at the coming future.