Are Cryptobanks Future? - page 6. | Bitcointalksearch.org

vixcious

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Quote from: iTradeBit on December 08, 2018, 11:52:26 AM

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

Electronic money is not the financial system of the future, new blockchain technology is it.
Electronic money is just a trading tool, but the system to handle blocks for trading is Blockchain, please distinguish it.
and in the future, Blockchain will definitely apply in many banks.

BennyK

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Cryptocurrency is emerging out successfully with its unique features and benefits. The revolutionary way to make financial transactions with crypto is an incredible one hence cryptocurrency banks will take over in the near future. This will also trigger the traditional banks to integrate cryptocurrency into their services in order to meet the expectations of their customers.

bitcon

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Quote from: Majharul Saiif on August 17, 2019, 02:43:06 PM

Quote from: iTradeBit on December 08, 2018, 11:52:26 AM

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

already there have some banks projects and many of them already successful and running their work through blockchain technology. Now a days, almost all things are involved with blockchain technology and it will lead the future world.

If the traditional banks want to involve then the revolution will come true soon. Otherwise,it may take time to establish

Crypto banks are supposed to do the same stuff as traditional banks, but they deal not with fiat but with the cryptocurrency. Actually, there is no need for them for most people. nevertheless, it does not mean that they can be useless. They will exist, but I doubt that they will reach their greatest popularity. People need to use Bitcoin and cryptocurrencies for 100%, not for 90% like in the case with banks.

Majharul Saiif

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BountyMarketCap

Quote from: iTradeBit on December 08, 2018, 11:52:26 AM

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

already there have some banks projects and many of them already successful and running their work through blockchain technology. Now a days, almost all things are involved with blockchain technology and it will lead the future world.

If the traditional banks want to involve then the revolution will come true soon. Otherwise,it may take time to establish

fiulpro

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I personally don't think they are the future , no offense to anyone else thinking otherwise but I think it is not in the real lines that Bitcoins was made into , banks will rise then so will the power of certain people then it will slowly start getting centralized and sooner or later it is going to be just another version of Fiat .
I like what we have right now, we own our own money , we don't have any banks , we are actually not paying any middle man also the banks are going to be a lot complicated because of the high volatility.

bitbunnny

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I beleive that crypto banks are the future. Crypto related financial services will be more and more popular and crypto banks could offer them. Still without proper regulation I don't think this will be possible
Although some fear that crypto banks are opposite to essencial idea of Bitcoin and that they might violate Bitcoin decentralization and independency I don't agree with such attitude.

santiagomaicon

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Cryptobanks are the future only if we will see right regulation

atjiat

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Of course, the opinions of cryptocurrency users regarding crypto banks are very different. Indeed, the banking system will continue to exist, although it will work with fiat currencies or with cryptocurrency. All the talk about the fall of the banking system thanks to Bitcoin is just empty words and generally does not make sense.

Duzter

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Banks were the one that develop the financial infrastructure of a country. When we take bitcoin into consideration it has done good as well bad to the user community. When we discuss about the good, people could've never been this good in financial management if there is no banks. When it comes to the negative part, it always tries hard to keep the users under their control. Cryptocurrencies have given the freedom from banking, yet without banking these days it is truly hard to survive. Maybe to get the combined goodness of cryptocurrencies and banks in future there is more chances for cryptobanks.

Tylev

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Quote from: krassy on December 26, 2018, 06:52:09 AM

With the emergence of cryptocurrency and world globalization, banks should disappear altogether, a high degree of confidence in cryptocurrency transactions and payments, transparency and the absence of commissions, digital data recording should all lead to the transition to universal use of crypto payments. Banks have nothing to profit in a cryptocurrency society.
Crypto banks are your personal wallets, you decide where to transfer your funds, to whom to entrust your coins.

Banks are unlikely to ever disappear. Banks are an attribute of the state. Any state needs banks to exist, and this is enough for banks to exist in any society.
Cryptocurrency will develop in parallel with banks and will not occupy a dominant position in the financial sector.
As for the crypto banks, they have already begun to appear, however, I am not sure that they will develop. Their existence will depend on the demand for their services. Therefore, we need to wait and see what demand will be for the services of these banks. It seems to me that it is unlikely that such banks will deal only with cryptocurrency, and therefore they will deviate from the name of crypto banks.

Stakeey

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Aren't crypto banks the exact opposite of what everyone in the crypto community is trying to achieve with Bitcoin ?

Finestream

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Quote from: Lapatai on August 14, 2019, 06:45:18 AM

I believe that crypto banks is a good idea. Fast. Global. Low fees.
But right now, it lacks security. People need to know more how to save their assets from hackers, scammers and others

If ever crypto will be our future currency,i don't think we will still need crypto banks knowing the fact that our own private wallet can be already considered as a bank.And because of that,we should be responsible enough to keep safe our wallet all the time away from hackers and scammers.

Lapatai

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I believe that crypto banks is a good idea. Fast. Global. Low fees.
But right now, it lacks security. People need to know more how to save their assets from hackers, scammers and others

whiteblue

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Quote from: kodtycoon on May 10, 2019, 05:22:13 AM

if many countries support it, of course the existing regulations will not complicate, and again cryptocurrency is a financial freedom and when many countries want to make this freedom bigger then the cryptobanks will become a major financial system later in the world

I think there are still very few countries that provide support for cryptocurrency, there are still many countries that don't want to use cryptocurrency and don't even support cryptocurrency, but I'm sure cryptocurrency will still struggle to be the best digital currency and can compete with currencies paper.

kodtycoon

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if many countries support it, of course the existing regulations will not complicate, and again cryptocurrency is a financial freedom and when many countries want to make this freedom bigger then the cryptobanks will become a major financial system later in the world

rijaljun

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Quote from: 103deltafox on May 09, 2019, 05:17:44 PM

The idea of crypto banks is awesome as we can Place valuables like real estate titles, wills, on smart contracts in the blockchain where no one but you with a key can access since blockchain is an immutable financial ledger

Crypto banks? a place where you can save your money or take a loan from them? Well, we don't need this kind of project in crypto. We (with our private keys) are our own bank! Bitcoin community has been using Bitcoin as a war against centralized bank system, and decentralized bank system is likely to be the same because they will be just fooling poor people every time.

efxtrader

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Quote from: iTradeBit on December 08, 2018, 11:52:26 AM

Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?

Cryptocurrency created because to eliminate banking system. We dont have to open bank account when we already own bitcoin because its peer to peer currency. I am prefer believe that what crypto market needed is good exchanger with many features like able using credit card or debit card.

Apes

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many countries are developing cryptocurrencies themselves to become part of the global crypto community. and want to develop cryptocurrencies that are integrated with national banks and many countries want to adopt cryptobank idea. it looks like a unique collaboration between cryptocurrencies and fiat. if it is true, I think the public's cryptocurrency interest will increase. with official regulations from the government, it will facilitate the general public for personal or corporate financial transactions. so cryptocurrencies use will be easy and open to anyone.

103deltafox

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The idea of crypto banks is awesome as we can Place valuables like real estate titles, wills, on smart contracts in the blockchain where no one but you with a key can access since blockchain is an immutable financial ledger

Vaculin

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Winding down.

Quote from: ginobitcoiner on May 09, 2019, 09:52:29 AM

I actually really believed in a crypto bank project, so I was involved in a crypto bank bounty campaign.
but until now the project has not been clear, its development is not too good. so I'm a little doubtful about the future of the crypto bank.

I think cryptocurrency should be adopted first before we can see cryptobanks appearing in the future. With this,banks will still be present again but only in crypto form. This might confused the people because we already have our own wallets where we can make transactions of our cryptos but maybe for those who still want to save their cryptos in a bank, then cryptobanks will become useful though.

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