Banks will always be against cryptocurrencies? - page 13.

Aragorn_125

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MenaPay - Crypto made easier than cash

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.

Government structures, any, will support and support only that has huge turns of the market. and then there are rumors that they say soon there will be something that will Eclipse bitcoin. And you, people, how do you imagine, to Eclipse bitcoin?

Jordens

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And who said that they will be profitable all the time to pull the market up? Maybe they'll collapse first to shake off small currency holders like pesky fleas? And then, of course, again "bull".

adamtruongkz

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Well maybe, but I believe in the future the money will grow so strong that the bank must consider it a currency.

Siren

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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.

Yups they are now into blockchain as many articles i have read about bankings whos adapting this technology inside theirs so in short time we will be seeing banks that is runs by our own blockchain,and sooner all the crypto technology will be on their systems and maybe making. Business from cryptocurrency to banking currency or i mean fiat,they need profit so whatever happens its the investors they will go for us

Omela44

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Some banks will surely start working and using crypto at some point. Not all banks will do it, but most will accept it. I am firmly convinced of that.

jonaire99

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Quote from: mahibul49 on September 28, 2018, 11:13:14 AM

i cant agree that banks will always oppose crypto currency!
soon most of the bank wiill accept crypto and blockchain bcz crypto is future.

I also believe that not all banks are against cryptocurrencies but it will take time before some of this financial institutions accept virtual coins. Banks may need more time for study and preparation before accepting cryptocurrencies in their services. They have to revise or create another rules that deals with the cryptocurrencies and other virtual coins. Some banks might also create their own virtual coins instead of adopting some existing cryptocurrency.

jaloto

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Yes, many banks are interested in blockchain, some of them even use it in their new products. But these acts have nothing in common with the acceptance of the cryptocurrencies, at least not in the nearest future. Banks give praise to blockchain but fervently criticize crypto. Banks and cryptocurrencies fundamentally contradict one another. Banks were, are, and will be centralized institutions aimed at controlling all the financial acts, while crypto is decentralized. Fast development and popularity of crypto is frighten banks.

laurakim

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I see your point but i don't agree with that. the fact is that banks already also use cryptocurrencies for oversea transaction

dongyi17

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FRX: Ferocious Alpha

I think bank and cryptocurrencies are two different thing in terms views and ways but they can agree over one thing if they like to, some bank views currencies as competitor other challenge to accept it and adapt in their system. but they're not always against each other.

Metall303

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Oikos.cash | Decentralized Finance on Tron

Some banks are now beginning to cooperate with cryptocurrencies. The cryptocurrency market is innovative and banks will have to find a way to sell their services through this market.

voron83-05

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Pozess - The Photo Sharing Fashion Marketplace Tha

Naturally yes. Imagine how much it will be necessary to alter and change everything. And they have become accustomed to comfort.

Ekimzjames20

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Quote from: yoseph on September 28, 2018, 01:12:59 PM

Quote from: Mandarava on September 28, 2018, 12:58:08 PM

Those who continue to think that banks against crypto-currencies probably do not know that the owners of banks have long been the owners of major crypto-exchange exchanges (Bittrex, Poloniex, Bitfinex etc.)

The reason is no prove to correlate with what you are saying. What I know is that those in the banking sector have been and will always be vocal opponents of Bitcoins answer every other cryptocurrency there is.Maybe they are the ones spreading FUD so that they destroy it.

No, their is a big chance that banks and cryptocurrency will collaborate each other in the future. To make each other stronger, and also to make crypto easy to become legal all over the world.

yoseph

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Quote from: Mandarava on September 28, 2018, 12:58:08 PM

Those who continue to think that banks against crypto-currencies probably do not know that the owners of banks have long been the owners of major crypto-exchange exchanges (Bittrex, Poloniex, Bitfinex etc.)

The reason is no prove to correlate with what you are saying. What I know is that those in the banking sector have been and will always be vocal opponents of Bitcoins answer every other cryptocurrency there is.Maybe they are the ones spreading FUD so that they destroy it.

Kovanyy89

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“The Future of Security Tokens”

You're absolutely right. There's no point for banks to always deny the influence of crypto. They definitely will want to attach to the crypto society.

chennappa121

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Yes the bank are always against for cryptocurrencies, in my country bank are already ban Bitcoin or any other cryptocurrencies trading with bank like deposit and withdrawal money for cryptocurrencies it is really bad for all Crypto traders I hope in future bank are going to support for cryptocurrencies sure.

wasaisi

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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.

Of course, because every bank in the world is certainly very jealous of the famous crypto currency from year to year. Therefore they prefer to fight crypto currencies like Bitcoin. Banks are afraid of being defeated by crypto currencies that are already very well known.

amar786

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Banks whose are accepting bitcoin will enjoy in future but those banks which are against bitcoin will suffer great loss because bitcoin is the revolution in banking system and provide intangible way,s of utilising your money which is a lot of time safer then tangible/ fiat currency. that is why most of the bigger banks are against cryptocurrency and will remain.

Mandarava

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Those who continue to think that banks against crypto-currencies probably do not know that the owners of banks have long been the owners of major crypto-exchange exchanges (Bittrex, Poloniex, Bitfinex etc.)

Isiaka208

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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.

pundit

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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.

Banks are the most drastic financial institutions and these instituions work for their goodwill nothing else, banks never provide loan to the needy one but provide loans with a greed to those who rarely need it and then charge good amount of interest, I even have seen banks go beyond their agreement to charge the customer.
I am very happy to see that crypto world is giving tough competition to banks, be it in transations, loans of particular earnings, everywhere, banks are now frustrated and willing to boycott crypto which people are not doing, this is making banks more worried , banks will now have some other way to attract people to their honeycomb ie transferring them to blockchain, soon they will be accepting blockchain technology and accepting cryptocurrencies.

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