Banks will always be against cryptocurrencies? - page 10.

Desmond1656789

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Quote from: Gabb on September 16, 2018, 05:46:52 PM

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

Cryptocurrency implies the lack of a paper equivalent. And that means creating a new market. Therefore, banks and oppose Coins

Kaznachej123

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Quote from: kotajikikox on September 16, 2018, 05:52:45 PM

Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.

Banks win when it comes to money but at least now we have alternatives. This is revolutionary enough in order to reshape things.

reverseflash

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Quote from: Gabb on September 16, 2018, 05:46:52 PM

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

Most likely, in the future, banks will begin to announce and release their own altcoins, because cryptocurrency is the potential future of the financial market. The sense of the bank’s work for the owner is to make a profit, .. I don’t think that someone sane will refuse or, all the more so, fight against making a profit.

bitcon

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As I have heard, some of the European banks have been already working with the cryptocurrencies. I think, in future, the number of them will grow. It is evident that the cryptos bring much profit to all.

nikola22

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Quote from: hahay on October 10, 2018, 01:41:43 PM

The bank has been against cryptocurrency even though the government in its country is neutral, that's what happened to my country and there are even some countries that shut down exchanges crypto to fiat in their countries, this is not an action by the government but an action taken by the national bank that is there. Do not understand why the bank continues to oppose cryptocurrency, even though I still see and feel the positive side of crypto itself.

it's a logical step from banks because with the growth of the use of cryptocurrency they lose money. people don't make deposits but buy different coins and banks are angry with such situation.

hahay

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Leading Crypto Sports Betting & Casino Platform

The bank has been against cryptocurrency even though the government in its country is neutral, that's what happened to my country and there are even some countries that shut down exchanges crypto to fiat in their countries, this is not an action by the government but an action taken by the national bank that is there. Do not understand why the bank continues to oppose cryptocurrency, even though I still see and feel the positive side of crypto itself.

rumexx

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Banks were actually fighting cryptocurrency and they know that blockchain will be the next big thing in the global financial transaction. The banks knows that since bitcoin did not go down completely this year that all they can do is over. The banks has nothing to do again than to fine way to incorporate blochchain technology in their system so that banks will still remain relevant in the near future when blockchain would have taken over.

Sam San

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Quote from: Nolimitz84 on October 10, 2018, 12:54:41 PM

All competent bank leaders see only positive aspects in new technologies. And now many banks are trying to introduce these technologies into their activities. And I think this is correct. Against the cryptocurrency, first of all, some political figures come out and, following them, the banks.What is the purpose of the bank? To get profit. What is the difference with the help of what to get this profit?

ordinary banks can easily adapt to the work of cryptocurrency. opponents are the Central banks responsible for issuing Fiat money. they're melting away the possibility of control.

Anderson_smash

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I have read reports of how banks have frozen the bank accounts of persons who they suspect to be dealing on cryptocurrencies even when there are not explicit law against the use of cryptos I such countries. The goal is to scare people off from using it because they know that it had the potential of changing how people see money

Nolimitz84

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All competent bank leaders see only positive aspects in new technologies. And now many banks are trying to introduce these technologies into their activities. And I think this is correct. Against the cryptocurrency, first of all, some political figures come out and, following them, the banks.What is the purpose of the bank? To get profit. What is the difference with the help of what to get this profit?

Minhxx

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That is, of course, when electronic money can easily be transacted through the bank, where will they be kept when we only deposit money into the coin

bitcoindusts

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Quote from: cleygaux on October 10, 2018, 08:52:44 AM

I can see based on my experienced banks dont trust cryptocurrency for now they dont know about it or maybe the employees only did not know but the bankers are all aware with it Im sure In my opinion cryptocurrencies need banks to convert digital money into fiat into seamless ways fast and convenient and vice versa they are slowly integrating blockchain into some bank systems and later on I think they will fully trust crypto and accept it.

Indeed, banks do not trust bitcoin for now, not just yet. Not only does bitcoin offers a great investing incentive but is also very risky in nature, and banks usually stay away from known risks as we all know them to be.

As a currency, banks will of course welcome any new player. But without government backing, it would be difficult for banks to extend trust to bitcoin. But yes, there is a growing interest with the technology behind it, and the news is out that banks are looking into practical applications of blockchain to the banking sector.

And surely, this will be progressive in nature should banks look at bitcoin in a collaborative way instead of competitive.

cizatext

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Yes in as much as bank will not have any option then to incorporate the blockchain into it system the fact still remains that cryptocurrency as a decentralized asset is hard to be incorporated by banks due to it own unique role which is similar to that of the banking system. In most cases blockchain is referred to as the digital bank so the blockchain will not be needing the bank to carry out it function.

SemionDevyatkov

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Quote from: Gabb on September 16, 2018, 05:46:52 PM

No, I do not believe that. We must admit that what has allowed banks to acquire so much economic power is their ability to understand where capital is, and make the necessary efforts to keep it.

Knowing that banks will never fight against capital, what I see today is a growing interest of banks to incorporate blockchain technologies into their processes, and because of their marked interest in taking over everyone's money, it would not be strange that in the near future we will see banks willing to accept cryptocurrencies to carry out financial transactions.

That's for sure. Many banks are not satisfied that this is in fact electronic money. And return to the exchange of goods for goods

gilangIDR

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Quote from: cleygaux on October 10, 2018, 08:52:44 AM

I can see based on my experienced banks dont trust cryptocurrency for now they dont know about it or maybe the employees only did not know but the bankers are all aware with it Im sure In my opinion cryptocurrencies need banks to convert digital money into fiat into seamless ways fast and convenient and vice versa they are slowly integrating blockchain into some bank systems and later on I think they will fully trust crypto and accept it.

Yes, it is precisely that banks are now trying to implement the blockchain system in their financial system. This is a good step because then the BANK will have a system that is far more sophisticated and much safer. Slowly but surely, I am sure this will happen in the future and we will get a very good condition in the future in the crypto utilization sector in several important sectors such as the BANK.

Labay

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Quote from: kotajikikox on September 16, 2018, 05:52:45 PM

Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.

Because there are some different bank who manage. There are a lot of banks that are agree by bitcoin because they also gain some profit by bitcoin. Some of banks can use as exchanging or can use as withdrawals of bitcoin to fiat. So, it is depend on the bank because not all the bank are against by bitcoin.

Jian_Liux

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I think the bank will always oppose cryptocurrency, because the existence of cryptocurrency will be detrimental to the bank where it has been proven that some customers withdraw their existing funds in the bank and switch to cryptocurrency or bitcoin. If this condition is allowed to continue continuously, it will certainly be detrimental to the bank and ultimately can disrupt financial stability in the banking system which has an impact on the stability of the economy and the country's finances. That's what makes banks hate cryptocurrency or bitcoin and try to get rid of cryptocurrency or bitcoin.

cybersofts

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The banks always see bitcoin and other cryptocurrencies as a threat, a competition. therefore, they will do everything possible in their own power to destroy the image of cryptocurrencies. Thankfully, the people are learning more about cryptocurrencies day by day because of that, I don't think what banks are doing against cryptocurrencies will last forever.

beatzcoin123

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i will term that decision ''flowing with the tide'' that is if the banking system ever come to a consensus with cryptocurrency. That will be a strategic win win decision for both the banking system and the crypto space, i think for any business to survive and be relevant, it must innovate and evolve with time else it be left behind time and subsequently become obsolete, the banking sector won't want to experience such a set back because as it stands now, cryptocurrency and blockchain technology are here to stay, any business that wants to stay relevance must adopt the blockchain technology alongside cryptocurrency.

hero1111

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Cryptocurrencies will be future of bank money and the banks of future will use it for fast and secure money transfers without papers and we can see it as users ,cryptocurrincies are useful for bank system , so i think they can be against for now that system but they will not always be against to use cryptocurrencies .

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