the reason the bank is always opposed to cryptocurrency is the transaction of person to person without an official intermediary institution, so that no one serves complaints that arise, the absence of regulators, so that there is no institution that guarantees its security and also no legal certainty, the identity of the user can be disguised, so the Virtual currency vulnerable to use in illegal activities.
There is no central entity that acts as the person in charge, so the price of the virtual currency is determined based on demand and supply. Risks of Using Digital Currency. The exchange rate fluctuates, making it vulnerable to the risk of economic bubbles or bubbles, the potential to be used as a criminal act, such as money laundering and terrorism financing, Vulnerable to cyber attacks.
Topic: Banks will always be against cryptocurrencies? - page 15. (Read 2923 times)
I don't think that all banks are always opposed to cryptocurrency. I have seen several ICOs that can work with several banks that can provide the best solutions and can be one solution to be able to conduct transactions with banks. but it's true that the percentage of banks that fight cryptocurrency is very large.
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.
Banks will be against cryptocurrencies until and unless bitcoins becomes necessary for each and every individual. Banks will try to be a hindrance in the path of its success but once it become popular, it will join the hand to work together. After all, Two great minds think alike'.
No, I don't think so. In my opinion, banks will soon allow to use bitcoin. To what I know, banks already use bitcoin in cross-border payment
Why would the banks be against cryptocurrencies? I mean, I don't see any reason that they should be. It's not even a competition but rather a totally different form of currency. In fact, I think, if banks realize the potential of profits, they will probably all go for cryptos too.
Not all banks are against crypto currencies. In fact here in our country, all of our leading banks are all in partnership with our local exchange that we could use their cash withdrawal facilities everytime we convert our Bitcoin into cash. This is even do Bitcoin is not legal but not ban in our country.
I don't know where you see such kind–hearted banks, but where I live, banks are not only against Bitcoin, they are pushing hard and down on the government to ban anything related to cryptocurrencies. Although banks are using Blockchain as a technology to improve their financial infrastructure, they are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).
It is the same thing that happens with the country that I am currently living in. Cryptocurrencies in my country have not been officially recognized, even prohibited from investing directly and indirectly through official banks in my country, but I am sure that someday all can be done for cooperation in progress and development.
I don't know where you see such kind–hearted banks, but where I live, banks are not only against Bitcoin, they are pushing hard and down on the government to ban anything related to cryptocurrencies. Although banks are using Blockchain as a technology to improve their financial infrastructure, they are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).
It is the same thing that happens with the country that I am currently living in. Cryptocurrencies in my country have not been officially recognized, even prohibited from investing directly and indirectly through official banks in my country, but I am sure that someday all can be done for cooperation in progress and development.
In my view, yes it will always. Because cryptocurrency is a competitor of the banks. Even they try to accept it, maybe it is not the cryptocurrency which alredy exist, the banks just try to adobt the system and the Technology, and then make their own cryptocurrency.
It's obvious that bank will against bitcoin, because they're not taxable and not monitor it....
But I'm in to bitcoin it's very easy to use than bank...
Please approved the bitcoin is going to centralized.and useit
But I'm in to bitcoin it's very easy to use than bank...
Please approved the bitcoin is going to centralized.and useit
If the banks will go against cryptocurrencies, how will they gain more people to join their bank? Later on they will lose people and close their banks because people are into cryptocurrency. I believe they will make way to eventually incorporate cryptocurrency in their banks because they cannot afford to lose also their investors.
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.
ofcourse you must not agree on that because banks now are adapting crypto technology.theres some threads now that tackling about the adapting that’s happening from banks to cryptoKnowing 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.
Bankers are greed and they will not allow profits gone unto them so they will do everything to achieve this.and thats the motive behind banks
Banks are institutions that have long been established as early as the development of mankind. And I believe that banks at this point will not regard bitcoin as something that will threaten their very nature. However it is agreeable that bitcoins growing popularity cannot be denied due to many benefits that it brought to its investor/user. And this is the good thing about bitcoin, it is an investment avenue that introduce us to innovative ways of earning money and enjoying life having a virtual currency. I believe in the future bitcoin will have even more uses and banks will incorporate bitcoin into their services as well to cater more clients.
ya. they just like blockchain technology but not crypto. banks doesn't like anything they can't control. but they know blockchain is good better than SWIFT
In my opinion all those banks that simply will keep being against bitcoin, against cryptocurrency etc, they seriously risk to go out of business. The world is changing, and if you don't change and adapt as well you're out.
I don't think that banks will always be against cryptocurrency. It seems to me that banks will soon accept bitcoin in near future
There are many reasons why banks can fear bitcoin. One, the size of crypto market exceeds large banks. Two, cryptocurrency value is increasing. Three, there’s the decentralized nature of crypto and four, crypto is a new technology that cannot be ignored. In the future, fiat controlled by bankers will surely change. According to most analysts, cryptocurrency will be the new way of buying and exchanging products and services. Do you think the world is ready to go cashless, though?
Banks will actively resist the introduction of crypto currency only until it is legalized by the state. As soon as this happens, it will be pointless for banks to do this because simultaneously with legalization state-owned banks will receive instructions from relevant state authorities about what services can or should be provided in the crypto currency. Apparently, for commercial banks this information will have an advisory nature. Now there are scattered reports that some banks have already begun to accept crypto currency.
Yes, because the world is now changing from traditional transaction into electronics and that is the trend and direction for the world's of humanity, technology is escalating to make every people's life at ease and with this massive adaptation of crypto currency more people choose to invest crypto than bank because the fact that its more profitable than those small percentage at the bank. 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 banks are against crypto currency. Maybe some have negative comments or reaction to crypto currency because they do not really know what crypt is.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 actively resist the introduction of crypto currency only until it is legalized by the state. As soon as this happens, it will be pointless for banks to do this because simultaneously with legalization state-owned banks will receive instructions from relevant state authorities about what services can or should be provided in the crypto currency. Apparently, for commercial banks this information will have an advisory nature. Now there are scattered reports that some banks have already begun to accept crypto currency.
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