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Well, we need to separate the hype from reality. But there is no doubt that Blockchain can be the railroad of the future for P2P contracts, payments and other such digital interactions. Take a look at the IMF report that came out yesterday -  http://www.imf.org/external/pubs/ft/sdn/2016/sdn1603.pdf

Well, you see Twitter announcing its foray into payments in India. We are likely to see many such high profile challengers to banks.

most of this movement happens through banks or exchange transfer companies. If a larger percentage moves to mobile channels, it should eliminate the intermediary costs.

I vote its Citibank!

How about criminals taking over failing banks and credit unions? Oops, I guess that may not make much of a difference! Perhaps, it may just as well save the exchequer some money.

Well, I can safely predict that many of the banks in 2044 will be government owned,trading in exotic electronic virtual products and going to the virtual central bank for a bailout.

Well, the industry has been writing off the magstripe for the past 5 years. However, as long as the USA doesn't shift, magstripe will continue to rule. Given the recession and the CARD Act ; the US is unlikely to make any expensive investments in Chip. So, get used to 'magstripe forever'.

Well, now it looks like all social security and pension schemes are Madoff / Ponzi schemes. All 'welfare' governments collect money from the latest entrants (young generation) and pass it on to the earlier members (pensioners). But the moot point is whether it is better to be a welfare government or leaving your citizens to fend for themselves - as most third world countries do. Imagine what effect all the job cuts would have if countries like UK and US don't have social security schemes.

Well, keep looking out. You may find a few banks and automobile companies for sale!

Dean; how about Indra Nooyi - Head Honcho of Pepsi? I am sure she can run a bank!