[dtube] Will Banks Disappear??!!
Come hear my take on Banks vs Crypto and where I think we are headed to in the future!
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Banks are not gonna disappear just because we have a better payment method or store of value . Blockchain has to frame a better governance model , moreover accepted by billions of people. I can see the blockchain maturing into next 20 years in both these fields and then only then we may see extinction level threat to banks.
i agree thanks for the info
i dont think they will disappear but they will have to share their profit with their clients when blockchain will be massadopted
Will banks and the finance sector disappear ? I doubt it but they will need to adapt to survive as the "trustless transaction" model gains traction. What is certain is that the days of them acting as intermediaries, raking in high fees, and treating their retail customers badly are numbered. Crypto will have to find a way to engineer good governance , resolve disputes for it to truly replace the finance sector with smart contracts. This is not a trivial goal to achieve.
Yeah! Nowadays banks facing problems in cryptocurrency, but I don't think so banks disappear in future, banks business never closed. But they should use in the right way, get profit and give profit to others.
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you are right I think gradually the concept of bank will be the part of history and people just read about banks in the courses of history .because banks earn lot of interest and give us a very little bit part of that money.
There will be no need for Banks in the near future. They will be replaced by digital wallets because with Banks, we will have no privacy and no one wants every single one of their spending being tracked by the government. Decentralization is the future and will become the new trust system.
you are right Will Banks Disappear,,,Nice post you,,, i see,,, enjoy and i like, thank you for sharing........
and resteem done
I think they should, wouldn't that be dreamlike