Topic: Banks will always be against cryptocurrencies? - page 12. (Read 2903 times)
One attribute a good business should adopt is innovation and adaptation to change. and i think the banking sector has identified the new thread in investment now which is cryptocurrency. And everyone are keying into the crypto currency initiative, and for the banking sector to stay relevant, they need to move with the threads and adopt cryptocurrency in order to stay competitively relevant.
things will change a lot in my opinion. for the first part the banks will oppose bitcoin since it is a decentralized currency that they can not have any kind of control over and instead they will go for the centralized altcoins and will invest in them. as we can see with the case of XRP today. then they will dump those coins and start their own centralized blockchain as we also see with some of the banks in these centralized altcoins are currently doing.
but eventually they can not fight the revolution anymore. as bitcoin's adoption grows more and more they will have to also adopt bitcoin and adapt their services
but eventually they can not fight the revolution anymore. as bitcoin's adoption grows more and more they will have to also adopt bitcoin and adapt their services
Well in some degree your statement is right but we see in the news that Banks in some country open its door for crypto currency digital transaction, the issue here the the total acceptance of Crypto Digital Transaction in the main stream market, whether they will open its door for the crypto to dominate the market. Bankers will always protect their long time investment and the Banking Institution as a whole.
Banks are always against cryptocurrencies beacause this digital technology has feared them a lot.
If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless
I do not believe what you say, I always have a different perspective and I believe banks soon realized the benefits and features that crypto can bring, it can upgrade and improve their services, there is no reason for them not to recognize the factors that can help their future development. However, they always need to show a fake face, which is against cryptocurrency and bitcoin because the pressure from the government is too large, the government really does not like relationships that involve crypto when they and it are always two opposing states If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless
Apparently banks and cryptocurrencies are always in compete over each other, even it looks like they are not. First the biggest feature of all crypto like bitcoin is the dencentralisation which it does not have a central control and the coin can be stored in your wallet and only you can access to it. In contrast, banks is centralizing the money and they earn money by lending your money to others. Two have different natures cannot work with each other.
Banks are always against cryptocurrencies beacause this digital technology has feared them a lot.
If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless
If the cryptocurrency goes more viral in future and if 100% of the world population start interacting with it, this might be the major threat to world banking system as the world will go cashless
The bank is not against cryptococarrency. Actually the bank wants evidence or documents for anything. But cryptocarrency does not have any documents. Which is online, in reality there is no position at all. So the bank is not against cryptococarrency. But the bank will never accept cryparency.
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.
in my opinion, it is a bad and undeveloped reason with that thought, why does the government or banking institution embrace cooperation and develop together for positive results and make all the people who are not disadvantaged for the development of cryptocurrencies and banking institutions prosperous. 
Some banks will help you to convert you digital money into fiat.
Also some banks don't accept it because they see it as threat.
Also some banks don't accept it because they see it as threat.
In some countries it will happen and in other countries there will be where the Bank is very accepting of Bitcoin to make better development in their country. this only depends on the request.
Isn't it obvious already?
Why would I support something that had the potential to phase me out of business?
Why would I support something that had the potential to phase me out of business?
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.
I think if right now bank still againts is still normal because banks also need to adapt into the new technology of bitcoin and try to accept it. But, i'm sure in the future banks will accept bitcoin. 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.
Banks will have their own coin one day and any other coin will be in competition with them They will be agains the other crypto coins. Crypto is a great improvement that will change many things.
Banks operate in a highly regulated setting and for this reason, banks position to cryptocurrencies is same as that of the government. If the government prohibits cryptocurrency, then the banks can never accept it unless they obtain the required permission to do so.
Very soon bitcoin and other alt-coin we take over, the world economy which is Banks has been seen the signal and the way transaction are been done very easily and more profitable for a long term investment than the bank system, that is the reason why banks start taking on necessary step to stopped, Which is not possible.
Some banks will help you to convert you digital money into fiat.
Also some banks don't accept it because they see it as threat.
Also some banks don't accept it because they see it as threat.
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.
Well in my opinion, banks are not really against cryptocurrencies, as what other said some banks are accepting it, and i think banks also gains from it. And bank has nothing to do with the crypto Because it is the choice of the people, whether crypto or the bank.
hahaha...you can always count on the hate and unacceptance of cryptocurrencies by our Central Banks because with cryptocurrencies fully accepted then it means they would lose all the transaction fees and taxes they used to charge business institutions anytime they conduct transactoins through our banks.
They will earn a lot if they will produce credit cards that accept Bitcoin and other crypto.
As they could take a good percent from conversions. While people will pay in bars for instance using such cards crypto will be converted to fiat automatically for a higher rate.
So I'm sure banks will accept it soon.
As they could take a good percent from conversions. While people will pay in bars for instance using such cards crypto will be converted to fiat automatically for a higher rate.
So I'm sure banks will accept it soon.
Against for what reason? Some people predicting that banks going bankrupt if cryptos will be popular all over the world. Due to no middle man will be use in transactions. But why there are banks that are utilizing the potential of these cryptos as their part of their business. They are installing new atms that will accomodate the needs of the people for their crypros for easier access. New ideas is coming so banks can cope up to the demanding needs of the new generation in terms of online banking and transactions. So i think they are loving cryptos because they found a new way earn bigger
nope, Banks will jump into crypto as soon as government issues state backed crypto, but both government and banks will remain negative for Bitcoin as they can't control Bitcoin.
I do not think banks will always be against bitcoin and cryptocurrency in general, eventually, banks will have to embrace the cryptocurrency technology. This is because its in their best interests too. They can't fight a losing battle.
Jump to: