Topic: Banks against the crypto - page 9. (Read 12007 times)
No, cants desire never vanish on the other hand they desire exploitation blockchain application and cryptocurrency in their utility in the forthcoming. Equitable instantly thither are various trusts searching almost blockchain application to exploitation it. Any of these arrays are Barclays, BBVA, Republic Deposit of Continent, Credence Suisse, JP Anthropologist, Country Road, Stag Deposit of Scotland and UBS.
My opinions on this is a extremely futurist single. Look how the planet is tardily movement into a essential planet? That aforementioned, I anticipate, tens from instantly, all things desire be digital containing each actions which have in mind that, whether that occurs, thither desire not be a require representing a corporal deposit anymore. Just cryptocurrencies desire stay as the primary average of change and negotiation. Look this current possibly 5 to 6 tens from instantly.
Trusts are yet needful representing the motion of order. Without decree, the planet thriftiness desire be in mess. Largely instantly that cryptocurrencies are not still able of behavior microtransactions and moment actions. Furthermore, botanist get been hither because the first of sophistication so it would be heavy to move it instantly.
Botanist are an significant role of the economic process of every state. In arrears to the irresoluteness of cryptocurrencies, it desire be hard to trust on cryptos as the flatfish have in mind of change or renewing order. I at one time had to hold away a step that included stipendiary in ETH. Inside the place of almost 45 minutes, in arrears to the poor country of my net, the measure of ETH dropped, and I had to pament many. This is single of various cases and justification.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks are usually sleepy so they will do whatever has to be done to stay in the game, so they will continue to exist even if they have to adopt the blockchain tech.Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks will sometimes think Bitcoin or other cryprocurrencies are threat to fiat mainly because of it's decentralized feature that will attract more investors and users but I don't think if banks will allow that to happen wherein crypto will dominate the current system. It could also be that banks will allow crypto to take part and make fiat a liable partner towards financial and economical issues instead of being rival on each other. 
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks are usually sleepy so they will do whatever has to be done to stay in the game, so they will continue to exist even if they have to adopt the blockchain tech.
I anticipate that cryptocurrency is not a cause representing departure of a deposit, nor it desire not changes cambers. Cryptocurrency buoy rise without rising into trusts and furthermore cants buoy rise without rising with cryptocurrency. And everyone of them has a use anr get similarities and dispute as good.
This is not loss to pass earlier multitude espousal of cryptos in fees and developments returns position. All the more whether botanist achieve not full vanish, their use desire be extremely lessened.
The presence of bitcoin or cryptocurrency can not lead to the extinction of the banking sector because since decentralization is not legal and our government own the centralized financial system which the bank is a part of it will not allow it to be replaced with cryptocurrency which they don't have control over.
Various the equivalent issues has been canvassed earlier on the other hand to admit the truth crypto's desire improbable to create the deposits vanish.It's an business that has administration on its backbone and achieve you anticipate that the administration desire let this to go on? They get been thither representing a extremely continued age and I assume 't anticipate its loss to be an easy affair representing crypto's to transfer them. On the other hand we buoy focus with additional item close to not thought of this representing this minute.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
I believe that despite crypto's recent upsurge in popularity, banks will continue to dominate finance. This is largely because, they have all the backing of governments whereas cryptocurrencies are completely independent from any central authority. Not to mention, several banks have already adopted Blockchain technology (or Distributed Ledger Technology) for their own benefit. The recent partnerships with Ripple show that banks will use the same tech of crypto against them.
Since Blockchain technology provides a greater level of control to middleman (if desired), it makes the perfect tool for banks to grasp. After all, it's been proven how easy it is to track Blockchain transactions. Which means, that banks will continue to work effortlessly together until they build a global infrastructure for cross-border payments without the need for crypto.
Therefore, banks will not disappear but rather live alongside crypto for many years to come. Just my opinion
Banks has been into existence for a period of time and for cryptocurrency to over throw the banking system it will take a period of time too,the future will determine if they will adjust to remain in power.
Exactly. This has been in place since crypto came in. Their business totally gets affected. They loose investors and other crowd since they move to crypto. Crypto market has been widened and more have become aware of whats crypto currencies and the benefits of accepting them. Blockchain has played a vital role in strengthening crypto's market.
Banks has been into existence for a period of time and for cryptocurrency to over throw the banking system it will take a period of time too,the future will determine if they will adjust to remain in power.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Im betting it is not possible to eliminate banks. Crypto having a hard time gaining legal side and the Government keeps on denying the existence of crypto as a good instrument in the finance industry. Maybe some huge name will disagree even we fight for pure decentralization.
Chances are slim to achieve this but Im still hoping this could be implemented since blockchain works out well compared to bank.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
they will certainly have to adjust their power and will have to share half of the profits for crypto businesses.crypto businesses cannot manipulate all banks because their systems are difficult to understand and that will not cause sympathy for customers and they will be afraid of being scammed.
So I think the combination of banking and blockchain is a perfect combination than ever.
I do not think that cryptocurrencies will lead to the disappearance of banks. Maybe some percent of them will lose their jobs. It is naturally that banks are against crypto, but they will have to implement crypto into their bussinesses for sure, otherwise, they will be obsolete in far future.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
As of now, most Banks in the world are not in favor of crypto. Like in my country majority of the banks here they're not considering here as my source of income when I said I did crypto trading, due to they're priority was that you must be an employee who has a company working it. But there is one bank here who is crypto accepted, meaning they intend to adopt the blockchain technology to their business as well.
indeed, whenever the bank will be difficult to accept crypto currencies, so that makes crypto currencies difficult to develop in countries
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
the second point was most suitable for cryptocurrency because it will also be like a currency but it not has a virtual farm so banks will definitely accept it if the government had a support for cryptocurrency once it will happen it will very easy and useful for anyone in this world.Jump to: