In future there will be no use of bank

[emma.lee1890]

How much time require for this procedure ? Now Bank is necessary to keep your money safe or transfer your money safely. For sure there is no question of bank in future as the bitcoin's block chain technology is more safe than banks. In future i think there will be no use of bank as it is replaced by the cryptocurrency
what did you say?

[TripleVodka]

In future i think there will be no use of bank as it is replaced by the cryptocurrency
what did you say?

So if you want to withdraw the Bitcoin into cash money you don't need bank account? and Bitcoin's ATM isn't bank? I think that impossible to replace money by Bitcoin, and remember, the exchange value of every country is different!
I have one task for you, If there is a insurance company and they have a much customers and the customers pay for their insurance every month, so the insurance company get a lot of money, So the questions is :
Where the insurance company will save the customers money? if there is no bank anymore? at Bitcoin?
and If the company save the customers money as the Bitcoin, how if Bitcoins price fall? and the customers request their money because its the time to get the money back, so what the company can do? they will be lose much of their money.
Smart people, please answer this questions!

[Fenix]

In future i think there will be no use of bank as it is replaced by the cryptocurrency
what did you say?

So if you want to withdraw the Bitcoin into cash money you don't need bank account? and Bitcoin's ATM isn't bank? I think that impossible to replace money by Bitcoin, and remember, the exchange value of every country is different!
I have one task for you, If there is a insurance company and they have a much customers and the customers pay for their insurance every month, so the insurance company get a lot of money, So the questions is :
Where the insurance company will save the customers money? if there is no bank anymore? at Bitcoin?
and If the company save the customers money as the Bitcoin, how if Bitcoins price fall? and the customers request their money because its the time to get the money back, so what the company can do? they will be lose much of their money.
Smart people, please answer this questions!

Your reasoning about the prospect of banks is completely fair. (for which you get karma). Banks will exist as long as states exist. In essence, state-owned banks are now part of the state, since they serve and credit the country's economy, take an active part in servicing the country's budget, serve various accounts of legal entities and individuals, and provide the necessary supporting documents. These and other functions can not perform cryptocurrency.

[luvr1000]

block chains are very good for a banking system, but it seems to me that many states will not allow this because it is not profitable for them, but on the other hand I have seen projects on a block chain that are associated with banks and issuing loans

[anshor1]

How much time require for this procedure ? Now Bank is necessary to keep your money safe or transfer your money safely. For sure there is no question of bank in future as the bitcoin's block chain technology is more safe than banks. In future i think there will be no use of bank as it is replaced by the cryptocurrency
what did you say?

Yes I think at the coming future will be digital era. The bank will support and accept crypto currency. I think It will happen.

[ZionRTZ]

As much as I wanted that to happen, I still think it is still highly unlikely. Apparently, banks runs governments so they have too much power. I believe srypto and banks can co-exist though.

[Contagem]

I believe that banks will not disappear in the future due to the emergence of cryptocurrencies. The fact is that banks perform not only the role of an intermediary during the transfer of funds from one account to another, but they offer many other services that people use because of convenience. Already, there are services to save your cryptocurrencies with a guarantee of their security. Banks have always found a way to earn money, so I think that they will learn to coexist with cryptocurrencies and earn money thanks to them.

[ponin]

EVA is a hypothesis; a fascinating aspect of the concept though is the blurring it suggests between banking and other services. Money management is a means to an end; merging it with aspects of our daily lives that we manage money for makes some sense.In that case, the bank would indeed take much more of a back seat and it’s hard to see how, in such a future it would own the customer relationship.

[Alcor]

Banks will exist as long as the state will exist. They perform much more functions than cryptocurrency does. In any case, the cryptocurrency can not lend to individual sectors of the state, maintain the accounts of businesses and individuals, as banks do, with providing the necessary statement for the tax authorities and the audit, and many other functions.

[Huntler1993]

I personally think there will still be banks due to some other special service they render to it members like offering them loans and all that just the services of banks might be changed to suite that of the crypto world.

[aiviaa485]

I think the Bank will continue to exist because with the Bank everyone can guarantee land certificates, cars and other valuable assets.
For Cryptoucrrency will also continue to co-exist with the Bank in the future.

[paydayloan]

In my opinion, the bank itself will still run as it should. But if crypto's popularity is rising, I think there will be many people migrating from banks to cryptocurrency. Because crypto with blockchain technology is more transparent and safe.

[leodiaz]

I think the Bank is still needed in the future. Because the bank is a good tool to save government money in a country. Indeed, if left crypto can beat the bank. But it is not that easy, the bank is a legal entity protected by the government, so it is not as easy as that the bank can go bankrupt. Surely there is a separate policy from the government.

[Judybrown]

This is very difficult to predict, banks has been in existence for a very long time and replacing banks by crypto will be difficult. Let us hope that crypto usage will spread out to various places in the world and that should be our focus and not replacing fiat.

[meale]

From the creation of the first banks during the Middle Ages through the late 20th century, the greatest virtues in finance included stability, security, wealth and trust. Those principles were visible in bank buildings: solid, hulking constructions of impassive stone that said to clients, “We’ve got lots of money, and yours will be safe here.”