What is going to happen to the banks?

[Domithra]

A lot of crypto users anticipate the collapse of Banks some few years to come because crypto is gradually gaining roots as the people become more familiar with its concepts and significance. The banks have got the complete backing of the governments, hence its complete collapse is far reaching. The banks will rather coexist with crypto and integrate cryptocurrency into its services in order to keep the interest of the people as Blockchain grows in significance.

[napster]

Although I want it probably more than you do, I don't believe that banks will collapse before crypto. There is something to be remembered all that time, banks were and are financing the wars for the governments.

There will be never pure peace around the worl, so ..

[Zed0X]

Agreed. I still do not see it. Banks will continue to exist despite the massive popularity and success of blockchain and cryptocurrency. It is more realistic to see cryptocurrencies coexisting with banks.

[onepiece]

If you leave Crypto, it will grow even better. So the bank is increasingly useless today because the Bank cannot interfere in the activities of this Crypto world. I think this is not a good thing, moreover it certainly will have an impact on the state of the economy and financial state if the bank cannot run smoothly.

[Cutter Cute]

I hope the bank will adopt crypto in their payment system, if the bank does not do this I think they will fall because the new bank will be opened and they can use crypto and fiat for payment systems.

[Zurcemozz]

I hope the bank will adopt crypto in their payment system, if the bank does not do this I think they will fall because the new bank will be opened and they can use crypto and fiat for payment systems.

yeah agree on you, banks should crypto since there this will become our future digital money, if they dont adopt it for sure, there will be a new bank that will start and adopting crypto and the banks will collapse

[moonking]

A lot of crypto users anticipate the collapse of Banks some few years to come because crypto is gradually gaining roots as the people become more familiar with its concepts and significance. The banks have got the complete backing of the governments, hence its complete collapse is far reaching. The banks will rather coexist with crypto and integrate cryptocurrency into its services in order to keep the interest of the people as Blockchain grows in significance.

Barely anyone is actually using crypto currencies to pay for stuff, aside from gambling.  Everyone else just wants their investment to grow so they can get more cash.  And when they get that cash, they will put it in a bank.  Also here, a bank is the only way to get a loan and mortgage, and most people don't save much anyways.  I don't think banks are threatened by crypto, since it's only a store of value similar to gold or silver.

[trauchot]

It is difficult to say, a very small population of the planet trusts in cryptocurrency at the moment, until governments of all countries will legalize cryptocurrency, strong expectations should not wait. But banks are already proven places to work with money for centuries, and so for now the choice is obvious.

[MOProgress]

I think banks will still be there, the same only thing is that they will no longer make those their huge profit like before and they may possible go into cryptocurrency investment.

[Iconetlife]

Although banks don't adopt crypto in the future, I am sure they can grow with their funding network, because banks are currently growing based on lending money, insurance, business, and property funding. While crypto has its own space and not as a threat to banks.

[JSD10M]

Why don't we just aim to give people the option to choose either cryptocurrency or fiat. There is no need for one to replace the other. I do believe that not everything can be decentralized.

[cashbit]

When viewed from the development of Crypto in the future, it could be that the Bank could be threatened with the existence of Crypto, because of the reduced number of customers and also the income of existing money. As well as many people investing in Crypto rather than deposits at the Bank. But it is true, you say, that the bank is assisted by the government so that the Bank lives alongside Crypto. This is a very good thing.

[Alcor]

Banks will continue to work quietly, as they worked before that time. Practically, banks have become part of the state system, so nothing threatens them. After legalization of cryptocurrency by the state, banks will provide services in cryptocurrency, perhaps also some other actions with cryptocurrency. Thus, banks will coexist with cryptocurrency and it is inevitable.

[pelana vreo]

Blockchain technology continues to be developed and we can see the best platforms now that will give you convenience, banks and cryptocurrency can come together, they will make it easier for online payment systems such as slow clearing systems with crypto they will more quickly validate data.

[Bhussainn2]

So the bank is increasingly useless today because the Bank cannot interfere in the activities of this Crypto world. I think this is not a good thing, moreover it certainly will have an impact on the state of the economy and financial state if the bank cannot run smoothly.