Topic: Are crypto currencies' are far better alternative to banks? (Read 191 times)
cryptocurrency is a pyramid that can collapse at any time. of course and banks can go bankrupt but all??? they safer
Blockchain technology has great potential in the field of identification. Recently, the United Nations and Microsoft have cooperated to provide a blockchain identity system for refugees and other groups without ID cards. Both parties stated that “the application of blockchain in the KYC/AML field can be clearly seen. The traditional banking industry is very costly in terms of compliance, and it is very difficult” so this is a very bank Good choice.
I think that banks are a place for a country to regulate and control economic systems, and many businesses need to be handled by banks. Therefore, banks are indispensable in a country, so even with cryptocurrencies, banks are indispensable.
Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?
When it comes in doing a transaction, Yes. digital crypto currencies are more far better than banks. One of the reason is, because digital crypto currency is decentralized, you can track your transaction anytime you want while in bank, you need to go to bank first and ask all your transaction details. But when it comes in security I would choose banks. In digital cryptocurrency, there's a high chance of hacking a wallet.
Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?
I have seen the difference between the two, it is true investing in bitcoin is a big risk, but here we are controlling with how much we target in taking advantage (financial freedom), and when investing in our money banks those who manage and profit is very small , and the risk is very small, and his income in taxes because the third party to manage. Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?
First of all, banks have a long history of development and national financial backing guarantees. Therefore, they are worthy of trust. The history of the development of cryptocurrencies is not enough. Banks have a long history and people are not familiar with them. So they are more inclined to bank.
The industry now has a new kind of general understanding. They all think that blockchain technology can save the cost of back office systems and can save a lot of money when it coordinates the syndicated loans, liquidation, and settlement securities transactions. Therefore, the banking institutions scramble All want to use blockchain technology to implement solutions. At this level, blockchain technology has shaken the traditional operation of the high-end financial industry.
The influence of blockchain is not only reflected in the financial industry, but also in other aspects of society. Blockchain technology, such as tracking image copyright and diamond archeology, can also play an important role. Blockchain technology started with the support technology behind Bitcoin, but now Bitcoin is far from this image.
The industry now has a new kind of general understanding. They all think that blockchain technology can save the cost of back office systems and can save a lot of money when it coordinates the syndicated loans, liquidation, and settlement securities transactions. Therefore, the banking institutions scramble All want to use blockchain technology to implement solutions. At this level, blockchain technology has shaken the traditional operation of the high-end financial industry.
To each his own, but there are a lot of advantages to Crypto that bank cannot provide. For one, local banks close down for holidays in the US, failing to provide financial services to people that could be in urgent need of processing payments. On top of that, cryptocurrency wallets enable users to remain in full control over their funds. There are many other reasons too along the lines of increased security, borderless transaction settlement, efficient payment clearance, and lack of dependence on centralized service providers or entities.
Cryptocurrency can't be an alternative to the banking system until the state regulation of the crypto currency isn't introduced
No need to ask what is good?,or alternative or what is better?,Crypto and banks are need because we can save money in this both so use them both for more good to secure and for the safe of your money,I think there's no assurance in anything in banks and wallet here in crypto but we need to take some risk in life because sometimes that's good and we need that
- There will always be a bank supported by government because with crypto government can't impose tax and control money laundering.
- In future banks might also issues blockchain based tokens but centralized one.
- Bitcoin will remain as first choice as crypto for citizens to have financial freedom.
- Many countries might keep their ban on crypto trading because they want to promote their own tokens issued by banks.
- Cryptocurrencies are better than banks but I don't think it will replace bank at any point because governments will always stand against that.
- In future banks might also issues blockchain based tokens but centralized one.
- Bitcoin will remain as first choice as crypto for citizens to have financial freedom.
- Many countries might keep their ban on crypto trading because they want to promote their own tokens issued by banks.
- Cryptocurrencies are better than banks but I don't think it will replace bank at any point because governments will always stand against that.
Well, u can't be robbed by crypto-thieves, it is more safe, thats what i tried to say. But banks gives u some guaranties
cryptocurrency is more preferable to me than banks, because you can easily withdraw your fund when you need it without contacting any third party, and you can also access your account when you like without any body questoining you, which make it self reliance and control.
According to the facts of the field, cryptocurrency is better than banks. In addition crypto has many benefits and functions, we as users can treat crypto by way of investment, trade or as currency like in japan country.
Banks are actually created by the state based on state law and they often offer several types of loans to the citizens but in truth they strangle the neck of citizens with various types of interest, of the kind of loan options they offer.
Those who criticize usually come from government officials or banking who feel worried that cryptocurrency can cause a bad effect on the stability of state finances.
Banks are actually created by the state based on state law and they often offer several types of loans to the citizens but in truth they strangle the neck of citizens with various types of interest, of the kind of loan options they offer.
Those who criticize usually come from government officials or banking who feel worried that cryptocurrency can cause a bad effect on the stability of state finances.
I would say that it really depends on the person. I guess that there will be people in the future who still won't be able to use software wallets or encrypt their private keys properly. They would rather put their money in the bank which will be responsible for the security of their funds. However, young generation might learn quickly how to deal with keeping cryptocurrencies safe. Banks won't be able to conquer with cryptocurrencies in terms of transaction speed and anonymity. It takes quite a long time for a wire transfer to be confirmed (especially on the weekends) where in Bitcoin you need only 10 minutes on average and high enough fee.
Are crypto currencies' are far better alternative to banks? Though many critics still favoring banking system so what is your response?
Bitcoin is definitely better than a bank to invest. Banks only give the highest 3% to the amount of money we save but with bitcoin, we can get more than 3% profit because the fluctuations that occur in bitcoin are much more active than conventional currency. 
They are not far better alternative to banks for sure, there are lots of issues right now and not all altcoins are actually currency or exist to be alternative to bank system. Bank system is still better to me.
Crypto currencies are a direct threat to both banks and governments of all countries due to their decentralization (not including some crypto currencies created and counterbalanced by banks). And whether the crypto currency is an alternative to banks is very difficult to say. While it will be considered as a tool for speculation, banks will be in priority.
Once people understand that they can change the crypto currency in the world and stop speculating on it, only then it will become out of competition.
Once people understand that they can change the crypto currency in the world and stop speculating on it, only then it will become out of competition.
If returns are your only criteria of judging a bank, then yes, cryptocurrencies are a better alternative since they give better returns than Bank Schemes. But, if you want security for your money then obviously cryptocurrencies are a big NO while you can trust banks blindly on this.
Ideally, you should invest 50% of the funds in cryptos and rest in your banks.
Ideally, you should invest 50% of the funds in cryptos and rest in your banks.
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