Topic: Are Cryptobanks Future? - page 7. (Read 2111 times)
The future of crypto banks will depend on the quality and relevance of the services they provide. It is personally interesting to me on what conditions crypto banks will take cryptocurrency for deposit storage, how banks themselves will use it, on what conditions loans will be issued, and so on. Let them start to work, and then we will see whether we need it or not. No one will be forced to use crypto banks. Everyone will have their choice and no one has the right to impose their point of view on others.
It seems to me that tanks more specializes in fiat and not in cryptocurrency. With the cryptocurrency exchange work better. Because I think that in time we will move away from them.
I do t like banks and i don't agree with their politics. I believe banks have the same policy no matter the specificity of the market.
The technology behind Bitcoin is perfect for banks. The traditional banks can create smart contracts that will make them provide better services for their client for those that will not want to create their own crypto coins. Cryptobanks are digital version of banks and is be an alternative to traditional banks especially for those that go for credit facilities. I belief cryptobanks will do better as they offer better banking services and features than fiat currency banks. Yes I see cryptobanks as the feature and they will surely aid massive adaptation of cryptocurrencies
Generally, bitcoin or cryptocurrencies is viewed one of the greatest invention. There is no doubt that the technology behind cryptocurrency is kind of perfect, it's possible to create cryptobanks in the future. Bitcoin is gaining more popularity in many places of the world, although it's not already recognized widespreadly. At current, it's just the matter of time that crypto is accepted widely in many countries, then cryptobanks will be created gradually in someday. Hopefully we will soon have chance for using transaction though cryptobanks. 
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.
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.
Personally, I never want to see Banking systems with Cryptocurrency but the concept here is evolution. Some people are looking for the evolution of the banking system where they can use the blockchain technology for their faster transactions and other features but I do not think that banks are going to accept it. Just like the current generation is gonna reject new generation, just like facebook got rejected by other countries, just like google got rejected. no matter what happens these guys are not gonna learn from their mistakes.
It is called innovation. Some banks and financial institution already using XRP in their business.
Innovation is necessary this days as some people are thinking way too fast on how they can make other ideas better.
Banks must adopt cryptocurrency as they know this will be the future, if they insist to adopt they might get left behind by other banking institution and may get bankrupt.
The technology behind Bitcoin is perfect for banks. The traditional banks can create smart contracts that will make them provide better services for their client for those that will not want to create their own crypto coins. Cryptobanks are digital version of banks and is be an alternative to traditional banks especially for those that go for credit facilities. I belief cryptobanks will do better as they offer better banking services and features than fiat currency banks. Yes I see cryptobanks as the feature and they will surely aid massive adaptation of cryptocurrencies
Crypto's motto has long been: be your own bank. But most people seem to have forgotten them already. Through crypto we could do without banks, but apparently the people do not want that. Many people are already waiting for a bank to take care of their coins. Therefore I believe already that there will be sometime also crypto banks. I don't think that's good, but apparently people don't want change and prefer to use banks for their money and crypto. 
that's the motto of decentralization itself, but many of us begin to think that centralization is important. when your coins are stolen by someone of course in decentralization you will be responsible and accept all the risks yourselves, and many people today think about who can take care of their money in crypto, and bank crypto might appear in the future because of this.Yes, I can understand that people want to protect their money and preferably through a bank, but what makes a bank safer than an exchange? A bank can also get hacked and lose the coins. The coins are then gone, whether from a bank, exchange or from an individual. That is certainly a disadvantage of a decentralized system, but if you want to take advantage of the benefits, you have to live with the risk at the moment. Otherwise you can continue to use fiat money with paypal or other service providers if you prefer a centralized system. That already exists. But anyway, crypto banks will come and we agree on that.
Crypto's motto has long been: be your own bank. But most people seem to have forgotten them already. Through crypto we could do without banks, but apparently the people do not want that. Many people are already waiting for a bank to take care of their coins. Therefore I believe already that there will be sometime also crypto banks. I don't think that's good, but apparently people don't want change and prefer to use banks for their money and crypto.
that's the motto of decentralization itself, but many of us begin to think that centralization is important. when your coins are stolen by someone of course in decentralization you will be responsible and accept all the risks yourselves, and many people today think about who can take care of their money in crypto, and bank crypto might appear in the future because of this.
Crypto's motto has long been: be your own bank. But most people seem to have forgotten them already. Through crypto we could do without banks, but apparently the people do not want that. Many people are already waiting for a bank to take care of their coins. Therefore I believe already that there will be sometime also crypto banks. I don't think that's good, but apparently people don't want change and prefer to use banks for their money and crypto.
Personally, I never want to see Banking systems with Cryptocurrency but the concept here is evolution. Some people are looking for the evolution of the banking system where they can use the blockchain technology for their faster transactions and other features but I do not think that banks are going to accept it. Just like the current generation is gonna reject new generation, just like facebook got rejected by other countries, just like google got rejected. no matter what happens these guys are not gonna learn from their mistakes.
We don't need crypto banks at all, it is better to remain of what it shown in the market today. Though evolution will soon to come but I've never think that cryptobanks will be catchy to the people. Fiat banks remains at its position and people would still be using this one. Of course, they will be preferred into banking system in terms of saving their money cause the risk of losing our funds is a little low than of storing it in our online wallets. In fact, they usually convert their crypto's into fiat money especially those areas that crypto currency isn't accepted and so banks have a big role for them.
Personally, I never want to see Banking systems with Cryptocurrency but the concept here is evolution. Some people are looking for the evolution of the banking system where they can use the blockchain technology for their faster transactions and other features but I do not think that banks are going to accept it. Just like the current generation is gonna reject new generation, just like facebook got rejected by other countries, just like google got rejected. no matter what happens these guys are not gonna learn from their mistakes.
I think that it will take more than a couple of years, coz some countries still don't accept cryptocurrency.
All the crypto banks that I came across at the moment are copies of conventional banks but with the introduction of cryptocurrency, until I saw a single innovative project in this environment.
Whether there will be cryptocurrency banks will depend on what services they will provide and how much these services will be demanded by people. I think that such banks may well exist. If only the activity in the cryptocurrency had profitability for them. If their work is profitable, then, of course, they can work after the states legalize cryptocurrency.
It is not impossible in the future the development of cryptocurrency can penetrate into the bank. because the blockchain is very good because of the transparency of transactions that cannot be manipulated by anyone. I strongly support this for the development of cryptobanks
Why do we need a bank, a cryptobank if we can be the bank itself? That is the good thing about Bitcoin and crypto currencies, no one manipulates or control it the reason we will be able to hold it for ourselves. Also, putting a lot of crypto currencies in one place makes it more dangerous since hackers can find a way to attack it and that will be the worst.
There are still many countries that have not acknowledged crypto, so it might be very difficult for cryptobanking to occur. first similarity is needed so that it can be accepted by banks. obviously it still takes time to materialize, what is important is the recognition of many countries in the existence of crypto first.
It is not impossible in the future the development of cryptocurrency can penetrate into the bank. because the blockchain is very good because of the transparency of transactions that cannot be manipulated by anyone. I strongly support this for the development of cryptobanks
I myself believe that in the future there will be bank crypto only with a lot of centralized differences such as XRP and there will be no DEX possible because banks may experience a lot of losses because the loss / threat is greater in dex than in the centralized / cryptobanks in the future
the most important thing is legalization first in several major countries it will be a big issue
the most important thing is legalization first in several major countries it will be a big issue
To answer it shortly it's a yes. because, centralized banks and coins like xrp will exist in the future i think that form will balance the society. Some people will chose centralized over decentralized and that's the reality. Regardless what are you using and some people do this crypto is about to change our economy. Proper and right knowledge in crypto banks is a must knowingly crypto coins value is volatile.
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