Topic: Banks will always be against cryptocurrencies? - page 11. (Read 2903 times)
Yes, they are. I believe so many of them wished it never saw the light of day. Banks have charges when you send and receive money, alert charges etc, with bitcoin and alts, those charges won't come into play
If you see deeply and technically Banks are legal fraud. Which if any individual does will be in jail. Government and banks are making big money from public hard earned and paying them penny. Even sometimes if they loose money on market/share/business keeps right not to return your money.
In other hand cryptocurrency is just opposite. No one is here to keep all your money and use for theirs profit. O don't think bank ever going to be centrelized.
In other hand cryptocurrency is just opposite. No one is here to keep all your money and use for theirs profit. O don't think bank ever going to be centrelized.
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I don't think so, especially if the banks can get many benefits from crypto, then I am sure that they will not discriminate against and even they will support the cryptocurrency. But still, they need to study about the cryptocurrency before they can be implemented and I think they need more time to make approval with the cryptocurrency. And if somehow, they find that the existing cryptocurrency will help them in the transaction mode, then they need to prepare their system to integrate with the blockchain technology.
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.
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.
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.
of course there are many banks that do not agree with cryptocurrency or adopt crypto as money. why are there so many factors, especially about the functional and unstable value after entering the exchange.
there are other causes and certainly too long if described.
if every country has legalized crypto, of course they already have crypto itself as a transaction tool.
While the government did not support cryptocurrency, banks will until the last set aside work with cryptocurrency, because at the moment it’s not profitable for them and they want to stretch it as long as possible, but this is a matter of time until the government of each country issues a new law when they will accept cryptocurrency, no one gets out of it.
The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.
I agree. They see cryptocurrencies as a threat for them. Since cryptocurrencies doesn’t really circulate unlike the regular currency, and it is decentralized, they’re afraid that people will not need banks anymore since they can secure their stakes or profit on their own.
I don't know about other country but In india indian bank is against cryptocurrency and they ban any type of crypto related transaction.
Indian central bank against cryptocurrency first time i heard from you. Government released any new cryptocurrrency regulation?India and many countries banks against in crypto. But india is big population country, So people are very familiar with BTC.
No, in my opinion banks are not afraid of cryptocurrencies. Banks have always played the role of a mediator between any two parties looking for funds or other services and cryptocurrencies don't need banks to be a mediator in between. Cryptocurrencies have potential to be a new currency all together which would be free from any government regulations. Having said that, banks do take interest in block chain technology as it makes digital transactions easy and more secure.
The banks are clearly unable to “defeat” cryptographically protected digital currencies existing in distributed networks. However, the actions of the major players in the world of traditional finance may create certain obstacles to the growth of the cryptoindustry, in particular, for the development of its infrastructure. In the future, we can expect an increase in the tendency for states and banks to build regulatory barriers in the form of KYC / AML, various limits and other tricks to make it difficult to acquire cryptoactive assets using popular payment methods.
The capitalization of the digital currency market is growing from year to year. Banks, states and society as a whole will consistently go through all the stages of accepting the inevitable, realizing that it is impossible to stop the free exchange of benefits, as well as scientific and technical progress.
The capitalization of the digital currency market is growing from year to year. Banks, states and society as a whole will consistently go through all the stages of accepting the inevitable, realizing that it is impossible to stop the free exchange of benefits, as well as scientific and technical progress.
I think the bank is fighting Cryptocurrency because it's difficult to control. So I think it will take a long time for banks to recognize and adopt cryptocurrency. Maybe not all banks will fight, but there are some banks that strongly oppose cryptocurrency in their country. So we don't need to think too far. This depends on the policy of a country I think. That is only my opinion about this.
Banks would rather not to see cryptocurrencies in the market but they are not able to do that. While they are trying to find adopt criptocurrencies to their system, they also use their force in order to keep cryptocurrency market cap lower.
I totally agree with you. Many renowned banks have already started looking at ways to incorporate blockchain in their system, they wouldn't want to oppose cryptocurrencies instead they'd want to tap into the huge capital available.
The reason why banks will always be against cryptocurrencies is that, since btc in its nature is a decentralized cryptocurrency and that they will not get anything from it when they allow all people to accept it.
Bank never want something which can create trouble for it. Bitcoin like decentralised currency creat problems for it cryptocurrency provide and untraceable and uninterrupted money transaction facility and because of this many people like to use it instead of bank. Another thing is transaction through cryptocurrency are less trouble and fast and they also charge low transaction cost but transaction through bank are time taking and banks also charge high transaction cost because of tgis many people like to use cryptocurrency instead of bank and this thing affects its bitcoin profit and progress.
Well I think that there is a mixed feelings to this because some set of banks might accept while some might reject but truth be told there is a higher percentage of rejecters. So I think cryptocurrency will overshadow banking system in the nearest future
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.
if the bank only accepts crypto transactions with money then it can be interpreted that the actual benefits of bitcoin will not appear.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.
and in my opinion this is quite uncomfortable.
Not all banks oppose cryptocurrency, I believe that someday there will also be banks that support cyotocurrency and want to collaborate with cryptocurrency, because the existence of cryptocurrency will actually be able to help the development of banking if both can work well between the two.
I think banks will not work with cryptocurrency: very risky operations for banks. The high volatility of the cryptocurrency will not allow banks to work with it.
Not all banks oppose cryptocurrency, I believe that someday there will also be banks that support cyotocurrency and want to collaborate with cryptocurrency, because the existence of cryptocurrency will actually be able to help the development of banking if both can work well between the two.
Its common in every business! When you lack ideas which you know your major competitor has, You will only look for ways to bring him down! Allowing $Bitcoin roam large means sending banks into oblivion!! They aren't comfortable with a tool that can cut down interest on loans, how do bankers make money if not by taking Mr. A's money and giving loans to Mr. B, then charge interest which should rightly be Mr. A's!! If $Bitcoin makes Mr. A wiser so he doesn't lose interest on loans given with his money by the bank to the bank, Mr. A will only reach out for $Bitcoin and save his profit from loans!. Banks will always be against cryptocurrencies, Worst is that they fail to recognize that monies paid into their accounts could be proceeds from crypto trading!!
Since the aim of the existence of cryptocurrencies and the blockchain technology behind it is to eliminate centralization, the banks will always be against it since they will have no ways of making money from the people. Banks and cryptocurrencies will always conflict.
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