Q. Will conventional banking collapse because of blockchain technology? if yes, when?
maximiliang

Titan Investment


Will conventional banking collapse because of blockchain technology? if yes, when?

Blockchain will disrupt many industries. Will it disrupt finance, would like to hear your thoughts?


3

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10

Jun, 2018

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    answered by

      1.51 q
  • doru

    I don´t think so!
    Blockchain technology will take it over by 2022, but banks will not colapse. Bankmanager will need to rethink their position or to work close with the new technology or they will loose their position.


       

    answered by

      6.52 q

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Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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