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Author Topic: Crypto will make Banks less attractive in near future .  (Read 5538 times)

Offline Bobcrypto

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Crypto will make Banks less attractive in near future .
« on: March 25, 2019, 08:09:24 PM »
Yes, i think things have changed over the years, and the enthusiasm about digital coins is much stronger today.
Most people tend to view Crypto this way, as they are desperate to take a step away from the banks, which are becoming more and more powerful, while they can do whatever they want with everyone's money. Meanwhile, Bitcoin/Altcoins provides people with the ability to own their own funds, and do with them what they want while keeping their privacy.
Again, Crypto is actually seen as a better asset to invest in, as it is a private market, which cannot be controlled by governments or banks. Further, many Crypto are capped, and there can only be a certain amount of most of them, ever.
I have come to a conclusion, though its my opinion, that people are simply looking for a way to get their money out of the bank and be free to do what they want with it. Banks introduced limits and control, which is something that people are simply not comfortable with.
Now, do you think that Banks may be less attractive or may be completely obsolete in the near future? Your thoughts.

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Crypto will make Banks less attractive in near future .
« on: March 25, 2019, 08:09:24 PM »

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Re: Crypto will make Banks less attractive in near future .
« Reply #1 on: March 25, 2019, 09:54:23 PM »
You may be right, my friend. But we still need the banks to convert crypto coins for Fiat. If crypto space gets better and the market can recover, I agree for saving money people maybe prefer to choose crypto coins than banks. However, the banks are needed, I don't think it will be very less attractive at all.
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Re: Crypto will make Banks less attractive in near future .
« Reply #2 on: March 25, 2019, 10:10:29 PM »
Yes, I think things have changed over the years, and the enthusiasm about digital coins is much stronger today.
~snip~
Banks introduced limits and control, which is something that people are simply not comfortable with.

I agree if the enthusiasm to join crypto businesses is stronger or higher day to day. It is positively for the future of crypto space, it can compete with banks to exist for helping financial and economic sectors.
You are also correct that Banks just have strict regulation and limits the activities of the customers. It sometimes makes people have difficulties. While crypto offers the solution, it is the good side that makes people are interested in crypto.

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Re: Crypto will make Banks less attractive in near future .
« Reply #3 on: March 26, 2019, 02:20:43 PM »
I think it's the feature that can differentiate from banks and cryptocurrency.
The features of the BANK are the same as it does not have any security, unlike the cryptocurrency which always varies by providing several features.
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Re: Crypto will make Banks less attractive in near future .
« Reply #4 on: March 26, 2019, 03:47:50 PM »
More or less the business for banks will be affected either by investment clients or even savings account when there is other alternative most people will not want to keep all their eggs in one basket.

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Re: Crypto will make Banks less attractive in near future .
« Reply #5 on: March 26, 2019, 05:57:39 PM »
Banks perform much more functions compared to cryptocurrency. Therefore, they will always be in demand and will continue to exist in their normal mode. After the spread of cryptocurrency around the world, banks will not be less attractive. In addition, the activities of banks, especially state-owned, will always be defended by the state itself.

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Re: Crypto will make Banks less attractive in near future .
« Reply #6 on: March 26, 2019, 07:45:21 PM »
Some banks are already adapting to the revolution called crypto. Check out news on banks integrating blockchain. Add to that the fact that JPM launched its own and also the recent move by IBM with the six banks.

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Re: Crypto will make Banks less attractive in near future .
« Reply #6 on: March 26, 2019, 07:45:21 PM »


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Re: Crypto will make Banks less attractive in near future .
« Reply #7 on: March 26, 2019, 09:52:19 PM »
I have no idea about in the near future, the bank will be less attractive. As far as I know, the banks are always needed and no less attractive on it. Moreover, banks have already known well by people around the world. I think I have a little different view than you.
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Re: Crypto will make Banks less attractive in near future .
« Reply #8 on: March 26, 2019, 11:45:14 PM »
Well, it may be true. We may think that the crypto bank may be widely used in worldwide. However, I don't know whether it can reach all countries in the world. That is why it will depend on the condition of every country whether accepting the crypto or still maintaining the bank system.
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Re: Crypto will make Banks less attractive in near future .
« Reply #9 on: March 27, 2019, 10:02:55 AM »
Then for now the Bank begins to adopt the Blockchain work procedure because by the way Blockchain is very transparent for every transaction that is done.
As is the case in Local Banks have adopted the Blockchain for money transfer systems.

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Re: Crypto will make Banks less attractive in near future .
« Reply #10 on: March 27, 2019, 12:13:45 PM »
For now banks has been more attracted than crypto coins because of many useful features but in the future i think crypto will be more useful than fiat because online transaction will be lessen the burden of all people.
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Offline Rituvohra01

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Re: Crypto will make Banks less attractive in near future .
« Reply #11 on: March 27, 2019, 02:56:07 PM »
May be it is possible that crypto will makes banks less attractive in near future because crypto has many attractive feature, the most important is transparency and transfer system.

Offline Annalise

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Re: Crypto will make Banks less attractive in near future .
« Reply #12 on: March 27, 2019, 04:23:57 PM »
No matter what happens ,the fact is that banks will still be part and parcel of our daily activities .
I do believe that when cryptocurrency goes mainstream that it will affect the banking sector negatively because most bank customers would move their funds to cryptocurrency.

Offline Contagem

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Re: Crypto will make Banks less attractive in near future .
« Reply #13 on: March 27, 2019, 07:16:58 PM »
I do not think that banks will miss the opportunity to capitalize on the popularity of cryptocurrencies and give way to them. Some banks have already begun to create infrastructure to provide their customers with services for the storage of cryptocurrencies, transfers, and so on, so banks will work together with cryptocurrencies in the future.

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Re: Crypto will make Banks less attractive in near future .
« Reply #14 on: March 28, 2019, 12:53:21 AM »
  i don't think so ,  i never agree that banks and banking system less attractive on near future. as a crypto enthusiast wee need bank this system provides to customers service  can't done by crypto. if we own crypto coins we change it to flat money. if  we save crypto it's value easily decline not like flat money . regardless the popularity of bitcoin and many countries now recognized it but can't make bank less attractive  but but bitcoin and banking system  can works hands in hands in future
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