Will banks disappear because of cryptocurrency?

[Brutal dark123]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

[levyashin]

No, they won't disappear.

But they will revolutionize. They will become something different from what they are right now.

[cryptoc]

NO banks might never disappear, but they will surely upgrade.

[Ghozrd]

Banks are needed to manage financial management, crypto has an important goal for online payment transaction systems, both can develop and you will see it in the future.

[densus88]

This really what I keep on asking myself since we all know that cryptocurrency dominates the bank as time pass by. I wonder will it result to total collapse of bank industry?


Feel free to drop your comments here.thanks

No I think banks will exist to manage the fiat money. Crypto is digital currency,not needs the banks.

[expander]

I think the bank will never disappear because of cryptocurrency. Because the bank is one of the state financial institutions that regulates all financial activities. If there is no bank, how can the finances of a country be regulated or controlled?

[yitzjoe]

the bank will continue to exist to serve transactions that cannot be done by crypto at this time, such as buying and selling goods traditionally, purchasing daily needs and many more this will allow fiat and banks

[bountyecrire]

I don't think they will disappear. But their work can be limited in the future. People can do transactions themselves, banks only work for corporate things etc.

[AltLogan]

I don't think it's possible.
Crypto is just digital currency.
I am sure many people will never even learn about crypto.

[Filo]

I also do not think so. Banks will adopt blockchain technology and probably accept cryptocurrencies in the near future as a method of purchase.