Topic: Banks will always be against cryptocurrencies? - page 17. (Read 2903 times)
Bitcoin is based on the blockchain technology which relies on the principle of decentralization and the core feature of decentralisation is to transfer and utilise the power of masses. On the other hand, the traditional banking system is designed and based on the assumption of making a profit by being a middleman but in case of blockchain based cryptocurrencies, there is no need of middleman as mi mutual trust is the core aspect of it. That's the reason why some banks have already started testing blockchain technology to optimise their services without transferring the power and control to the users.
I agree with you, but in the future, every bank has 2 choices.
1. move their capital to the world of virtual currencies
2. choose their own way in a primitive way with limited and boring services.
I think, security will also be vulnerable and easily hacked, but bitcoin and the world of digital currencies have technology that can withstand hacking.
1. move their capital to the world of virtual currencies
2. choose their own way in a primitive way with limited and boring services.
I think, security will also be vulnerable and easily hacked, but bitcoin and the world of digital currencies have technology that can withstand hacking.
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.
Although it is a slightly old article, Japanese banks also announce plans to handle cryptocurrencyKnowing 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.
https://cointelegraph.com/news/worlds-fifth-largest-bank-to-trial-own-cryptocurrency-in-2019-report-says
I think that banks will actively introduce blockchain technology and develop.
However, I think that it is treated not as a currency but as part of asset management like gold.
We are seeing most banks are embracing blockchain technology and it is not impossible for them to consider processing cryptocurrency transactions in the future but for that to happen, there should be a massive approval from the government and cryptocurrency must acquire that recognize and solid rules and regulations for crypto market stability. Let's all hope that a massive adoption will be made someday and it would be better if it will happen sooner or later.
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.
maybe at this time the bank is still opposed to the existence of bitcoin or other crypto currencies because of the reason one of them is payment and the transaction system can be carried out without any third party intervention namely the bank itself 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.
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.
They are not totally against cryptocurrencies but then it is their competitor so it is just normal that they don't want their customers to use it because their profits would be reduced when some people would suddenly pull out their funds and invest it in cryptocurrencies instead of just saving it and letting the bank use it for their own investment plans.
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.
There are already studies about banks incorporating blockchain technology in their transactions because they knew that sooner or later, many businesses would adopt it as well so it would be better if they can get ahead knowing that the financial sector would be one that will be greatly affected when cryptocurrencies dominate over fiat. But then if they can't stop it, they would think of ways to use it then for their own benefit.
They usually use to say if you can't beat them just join them, that how these banks are trying to do. They just realize that Cryptocurrency is really making the world go crazy and they cannot win the competition if they try. All they have to do is to surrender and embrace it. But trust there will always be some hatred even if they start accepting Cryptocurrencies world wide.
The bank is a financial institution that must constantly develop itself. Many banks in the world have recently begun to stand still. I think taking crypto currency as a means of payment, they will make a huge step forward. So I think in a short time the Banks will accept a crypto currency if they want to be in the topic.
Actually, not all banks are against in cryptocurrency, because at the end, they will really use crypto/blockchain in their own program, meaning the influence of crypto cannot be stop and the flow of it will conquer the whole globe.
Banks do not benefit from the use of crypto currency, because in this case they can lose part of their profits. Since bankers are people who are only interested in their own income, they are unlikely to do so.
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.
I think banks will always be against cryptocurrencies because they know that in the future cryptocurrency have a possibilities that replace our banks.
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 crypto currencies.
Although banks are using Block chain as a technology to improve their financial infrastructure,
They are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).
They are pushing hard and down on the government to ban anything related to crypto currencies.
Although banks are using Block chain as a technology to improve their financial infrastructure,
They are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).
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.
Yeah! I agree that banks will never always be against bitcoin. They will come a day whereas banks will accept the new currency that people were so hooked. I read some topics in here that there were actually some banks that is now allowing bitcoin circulate in their system. Bitcoin is somehow same in banks so I think that banks will also advance to adapt in the new technology environment of our society.
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.
yes because nowadays banks are going on for normal paper currency is only and if everyone is starting cryptocurrencies then there need to be a lot of change in the banks so that they can take cryptocurrencies also and become cryptocurrencies Bank so banks are also not allowing cryptocurrency to become the mainstream.
In fact, there are signs that banks are beginning to consent to Bitcoin transactions. I would like to say that banks are currently encouraging the use of Bitcoin, by providing future Bitcoin transactions and allowing transfers to and from trading exchange (with bank accounts, not with credit).
well, instead of fighting bitcoin or cryptocurrency, it is better for banks to study the system that is already in crypto. that might make their system superior because it combines this technology. 
No, even now it is heard that somewhere in the banks introduced cryptocurrency, and it is stable, and though with little speed moving forward development, without stopping and without distraction.
I think that the business which we call "bank" will change drastically in next decade.
The world is going to next concept of banking and it is mobile fintech which will include crypto txs in some or other way, just look at Revolut.
The world is going to next concept of banking and it is mobile fintech which will include crypto txs in some or other way, just look at Revolut.
In fact, there are signs that banks are beginning to consent to Bitcoin transactions. I would like to say that banks are currently encouraging the use of Bitcoin, by providing future Bitcoin transactions and allowing transfers to and from trading exchange (with bank accounts, not with credit).
Likely so, bro. but I am sure that banks and cryiptocurrency can go hand in hand. in the sense that not everyone understands crypto and so does not everyone invests in the Bank. it would be nice if both could go hand in hand
Hello,
I really don't trust this because their work and reason to live is making profit. So if crypto continu to grow they will be obliged to take part of it in order to take their profit and also not to be too much the last to take a part of it without too much delay. It will just take more time and need more trusts and perhaps a little more regulation and more cryptos with better press than BTC even if illegal part is just a small part of its use.
I really don't trust this because their work and reason to live is making profit. So if crypto continu to grow they will be obliged to take part of it in order to take their profit and also not to be too much the last to take a part of it without too much delay. It will just take more time and need more trusts and perhaps a little more regulation and more cryptos with better press than BTC even if illegal part is just a small part of its use.
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