Indeed there is no limit in storing bitcoin and this is enough to provide benefits for holders, while for banks, they will continue to cut funds for administration, and if it is not taken too long there will be arrears and administrative costs remain in line. Many of the advantages of bitcoin so banks oppose and bitcoin is easy to pay for bad things happening. Bitcoin grows and is not controlled.
Topic: Banks will always be against cryptocurrencies? - page 20. (Read 2903 times)
Most probably. They will have to close their institutes if a decentralized currency gets into power. They know that and thats why they will always be against cryptocurrencies.
In my opinion it will not always be that the bank will fight cryptocurrency. Banks want to get the costs to maintain their business and benefit from client transactions. Now they get a good income from the process.
If states already pass laws on crypto-currencies, in the near future banks will accept them. If the banks do not keep pace with the times, they can hardly develop quickly.
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. Not all the banks are against the cryptocurrency like bitcoin. Some of them are now embracing the bitcoin. As a matter of fact, they allowed the bitcoin converted by the physical money or the currency of a particular place. Some of the banks are against to it maybe because they see it as a threat because in bitcoin you can store it as long as you want.
The cryptocurrency cuts off the government and the bank's business, which is one of the biggest reasons why the authorities are so opposed to cryptocurrency. It is very difficult to tax and profit from the cryptocurrency, which is the biggest obstacle to the legalization of virtual currency in various countries. However, cryptocurrency is a natural consequence of blockchain technology, banks can not always be against cryptocurrencies.
Beside hiding their customers money on their piggy bank or somewhere, the greatest or toughest enemy of bank is the cryptocurrency. Many of us now chose investing and keeping our money on some exchange market and there will do our investment and grow our money. Bank don't like on what we are doing but they can't do anything but also accept bitcoin or crypto on their bank and make it their partner for them to grow also.
I am more welcome if banks can join and adopt the blockchain system. and receive crypto currencies for their savings. so that fiat and crypto currencies can function together. In addition, bank customers can see the transparent data of bank transactions carried out. I think it will be better for the financial and economic future.
Let them be.
We have no such relation with banks and without banks, bitcoins can permorm well so there is really no need to relate with the banks. Instead we can start our own bank in terms of bitcoins and cryptos which can be more profitable and easy running.
Banks are actually centralised and it forms a lot of difficulties to understand the decentralised bitcoins and to accept them.
We have no such relation with banks and without banks, bitcoins can permorm well so there is really no need to relate with the banks. Instead we can start our own bank in terms of bitcoins and cryptos which can be more profitable and easy running.
Banks are actually centralised and it forms a lot of difficulties to understand the decentralised bitcoins and to accept them.
There are still many banks that have the opportunity to learn bitcoin, I don't think banks need to fight bitcoin, banks and bitcoin have the opportunity to attract customers in their own ways. Bitcoin will be a tool that can provide convenience in banking later. Banks need to improve their opinions about fighting banks.
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 for now the bank is still opposed to crypto in its growth and if in the future crypto currencies are accepted by all people and the country will certainly receive a crypto system too 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 no. Here in our country almost all banks here are selling bitcoin, maybe they know that they can't stop bitcoin and now they ride in it. What I observed is that banks are now partnering with cryptocurrency and I believed they're going to upgrade their system into a blockchain. That's the only way for them to continue their business.
Not all banks hate crypto-coins. Some have said they are testing some digital coins and the blockchain.
In the future, money as we know it, controlled by banks, is likely to change and, according to some analysts, crypto-currency will be the new way to buy and trade products and services.
In the future, money as we know it, controlled by banks, is likely to change and, according to some analysts, crypto-currency will be the new way to buy and trade products and services.
I think looking at the short term it is quite possible that banks will rise against crypto but there's also a chance that if crypto becomes more trusted then banks will find a way to harmonise with crypto. It's not all definite.
I believe so.I think banks will probably accept crypto transactions in the near future.Since crypto development and its utilization is already growing,then bank transactions with crypto will now be inevitable.Instead of having them as great competitors,i know they will surely work hand in hand to give fast and efficient service to the people.out of course they could lose users? the bank will think to cooperate with Crypto. maybe it will benefit for both
Through more than eight years of bitcoin's existence and development, central banks around the world have increasingly realized the potential strengths and weaknesses of electronic currencies. The "guards" of the global economy are now interested in 2 issues of coding money: What to do with the rise of private-money coders is becoming more and more popular, and should they launch their official coded currencies?
not all banks against bitcoin, there are even some banks that try to learn the system from bitcoin, or blockchain and try to use it for the fiat they have. Well, but so far, the bank seems to look like that.
I'd rather say "Banks will never be against cryptocurrencies" because crypto is one of the best ways to make money and the volatility isn't going to scare them away from crypto 
Through more than eight years of bitcoin's existence and development, central banks around the world have increasingly realized the potential strengths and weaknesses of electronic currencies. The "guards" of the global economy are now interested in 2 issues of coding money: What to do with the rise of private-money coders is becoming more and more popular, and should they launch their official coded currencies?
I don't think banks will be again cryptocurrencies forever. It will come to a time when even the banks will start offering one form of cryptocurrency service or the other. So, just relax.
In my own opinion the Banks are controlled and regulated by the Government ,base on political sentiment the banks are ready to go low to sign a deal with the Government to frustrate the digital currency operations globally because of the huge profit they make from the following sources:
1. Banks make profit by charging interest on money that they lend to their customer.
2. Banks make profit by charging fees for services they provide to their customer.
3. Banks make profit by trading financial instruments in the financial markets to their customer.
lets take a case study from the people republic of china, In 2018 precisely , China, a country known for having some of the strictest capital controls in the world, blocked its citizens from trading Crypto by banning and blocking exchanges and outlawing ICOs. Vietnam followed suit weeks later. when the banks have a deep thought on how much profit they generate as mention above they will always fight concurrency.
Jamie Dimon, the billionaire, Chairman, CEO and President of JP Morgan Chase — America’s largest investment bank regret why he called bitcoin fraud . l believe in the future the Banks will regret their actions too and embrace the cryptocurrencies sooner or later
1. Banks make profit by charging interest on money that they lend to their customer.
2. Banks make profit by charging fees for services they provide to their customer.
3. Banks make profit by trading financial instruments in the financial markets to their customer.
lets take a case study from the people republic of china, In 2018 precisely , China, a country known for having some of the strictest capital controls in the world, blocked its citizens from trading Crypto by banning and blocking exchanges and outlawing ICOs. Vietnam followed suit weeks later. when the banks have a deep thought on how much profit they generate as mention above they will always fight concurrency.
Jamie Dimon, the billionaire, Chairman, CEO and President of JP Morgan Chase — America’s largest investment bank regret why he called bitcoin fraud . l believe in the future the Banks will regret their actions too and embrace the cryptocurrencies sooner or later
Yes your are correct if we are basing now banks and cryptocurrency was now embracing each other because here in my country some of banks was totally accept transaction thru bitcoin so that it easy for us to use it in our some transaction. So if the others saying that banks are against in bitcoin don't believe on it banks was accepting and adapting blockchain technology.
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