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Topic: Banks will always be against cryptocurrencies? - page 2. (Read 2908 times)

full member
Activity: 476
Merit: 100
Not at all! There is actually a long list of banks that are now dealing or transacting with crypto. You can Google it and see for yourself. This proves that crypto is legit since it caught the attention of these banks. As most of us know, banks will not fall behind when it comes to profit-earning opportunities. And crypto is such an opportunity.
full member
Activity: 658
Merit: 102
No, I don't t agree with the comment that: Banks will always be against cryptocurrencies . Because, in the future bank will apply more blockchain technology in their process of transaction for customer's satisfaction.

I also agree that not all banks are against crypocurrencies because also planning to include some of the coins in their system. The world bank had already acknowledged the possible effects of cryptocurrency in the future and some big banks and technology services companies are also realizing the great potential of both cryptocurrencies and the underlying distributed ledger technology behind them as important assets for their organization. These banks can utilize these coins or tokens to improve their services in this digital era.
full member
Activity: 462
Merit: 102
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 don't think banks will forever deny the existence of cryptocurrencies. There will come a time that these banks will now accept fiat money conversion to cryptocurrency. Maybe today's bank technology is not yet ready nor advanced to accept such innovative capability. Right now, let's stick to what we know.
full member
Activity: 406
Merit: 100
I don't agree that banks may always against crypto currency as what we read in cyber news xrp block chain technology was already supported and used by European and middle East banks for their online payment or money transfer transaction. And with the massive growth and continues adoption of many countries, more and more banks may shift to block chain technology in afraid to be left behind with this revolutionary block chain technology.
hero member
Activity: 1232
Merit: 669
banks will always be behind things that they can not control.... or behind things from which they can not charge a large sum of money  Undecided
member
Activity: 255
Merit: 12
The acceptance of cryptocurrencies by banks in the near future to come is highly possible. The world just need to accept the new technological advancements and adapt to the new changes presented by these technologies. The delay in the acceptance of the use of cryptocurrencies by some countries is the refusal to adapt to technological changes and the refusal to understand the possible benefits these technologies will introduce to the world.
newbie
Activity: 7
Merit: 0
This issue is acute in the current crypto world, how banks will act. I think in the current market economy there are enough leverage to strengthen the power of the banking system. Cryptocurrencies, in turn, enable people themselves to manage assets, thereby undermining the credibility of banks. In my opinion, banks will be against the crypto market until they rebuild their system for current changes in currency values.
copper member
Activity: 322
Merit: 0
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.

Well, this is a big step of technology for reaching the masses! Yes, in this case, the crypt will be regulated, because banks will not allow such volatility. and all the more pampas.
member
Activity: 443
Merit: 12
Banks will be against cryptocurrency as long as they don’t release them themselves. The process of issuing national cryptocurrency has already begun. Over time, most central banks in different countries will issue their assets in exchange for existing paper securities.
full member
Activity: 338
Merit: 100
anything might happen, because the development of bitcoin has so far been very rapid, and many people around bitcoin users, get the coffers of wealth from bitcoin, their economics are very awake and helped by bitcoin, and the poverty rate is drastically reduced. so that many developed countries use bitcoin as the country's virtual currency system.
full member
Activity: 420
Merit: 100
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.
The fact that the cue itself is not worth 15K green - it's obvious. The only question is where the speculative inflating of the bubble will reach. I personally think that would just pout for it, maybe up to 50K walk.
member
Activity: 159
Merit: 10
If everyone uses cryptocurrency to trade, and at the expense of high security, financial intermediaries such as banks exist for nothing, and the government will not be able to collect taxes on deliveries. Translate. The government will lose a great deal of tax revenue so the government and banks will block the bitcoin.
pra
newbie
Activity: 98
Merit: 0

The bank has been against cryptocurrency even though the government in its country is neutral, that's what happened to my country and there are even some countries that shut down exchanges crypto to fiat in their countries, this is not an action by the government but an action taken by the national bank that is there. Do not understand why the bank continues to oppose cryptocurrency, even though I still see and feel the positive side of crypto itself.
newbie
Activity: 9
Merit: 0
At future, banks would inevitably accept and even use it because they saw the cryptocurrency capitalization continue to grow. Isn't this a great opportunity to gain profits other than what they have done?
newbie
Activity: 126
Merit: 0
the bank is not only against bitcoin but also forces the government to ban cryptocurrencies bcoz they dont want crypto to enter to their country
so that there is no use of bank if everyone starts using the cryptocurrency ,
that is the biggest fear causing the bank....
member
Activity: 514
Merit: 10
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crypto currency will always be profitable for any industry, including banks, as long as they can manage the blockchain system they have, of course the crypto currency becomes a very high value to be developed, especially banks that can save money from anywhere including BTC and ETH. Integration of banks with blockchain at this stage has been realized ......
indeed many banks do not agree that there will be bitcoin, but in this modern era blockchain technology will be very useful for the development of banks now and in the future. and it would be great if all banks have a blockchain system.

Some countries that disagree with Bitcoin will surely hate the emergence of Bitcoin even though Bitcoin has a good side for a country's development.
full member
Activity: 490
Merit: 100
crypto currency will always be profitable for any industry, including banks, as long as they can manage the blockchain system they have, of course the crypto currency becomes a very high value to be developed, especially banks that can save money from anywhere including BTC and ETH. Integration of banks with blockchain at this stage has been realized ......
indeed many banks do not agree that there will be bitcoin, but in this modern era blockchain technology will be very useful for the development of banks now and in the future. and it would be great if all banks have a blockchain system.
newbie
Activity: 16
Merit: 0
crypto currency will always be profitable for any industry, including banks, as long as they can manage the blockchain system they have, of course the crypto currency becomes a very high value to be developed, especially banks that can save money from anywhere including BTC and ETH. Integration of banks with blockchain at this stage has been realized ......
jr. member
Activity: 205
Merit: 1
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 with what you have mentioned and bitcoins decentralized nature is the main fact that banks will never work in favor for bitcoin or its existence because there is no possible way for them to gain anything from it except if they provide services for its users to convert bitcoin into fiat or the other way around but it is not profitable at all and if most people starts to deposit there money in bitcoin wallets instead of using banks they will collapse so banks were against with bitcoin from the beginning
jr. member
Activity: 205
Merit: 1
I think majority of banks consider bitcoin and other cryptocurrencies are thereat to there existence in the future because if a person uses bitcoin or other altcoins to do payment or transactions except to take fiat money through a conversion most of the time the use don't need the service of a bank to do anything so eventually banks will run out of businesses and that is why majority of banks are against bitcoin and other digital currencies
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