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.
Cryptoncurrency are decentralised in nature and this the main reason because of which many government are against of cryptocurrency. Cryptocurrency give much more privacy to their user in comparison to a normal bank. Because of this many people like to use cryptocurrency and cryptocurrency also used for international money exchange medium which is more easy to use then that of bank. Because of this many people like to use it. Cryptocurrency are also tex free and also charge low transaction cost and these things attract more people to use cryptocurrency instead of bank and this thing creates negative effect in bank progress. 
Topic: Banks will always be against cryptocurrencies? - page 22. (Read 2903 times)
I agree that banks will not always be against crypto currencies. They are very much interested with the innovation of the technology behind crypto currency. It offers much convenient way of doing transactions compared to traditional system. Although, they might be against the high volatility of crypto currency market. I believe once regulation happens, banks and institutional investors will start to adapt with it.
They like Crypto-Currency without doubts, but they don't like the decentralization. It's possible to keep the innovation and technology without keeping the decentralization and I believe that is their point. Banks like to be on the control of the situation and in decentralized world they couldn't be, so as you said, they have to "adapt" it, until it becomes fully pleasurable for them (centralized).
Then I don't see any difference between the currently traditional financial system and a centralized Crypto world.
It's six of one and half a dozen of the other.
Personally I think that banks, as all of us interested in cryptocurrencies. But they just try to us that this is not so and to manipulate with the market. Banks have big amount of money, so using them, they can pump or down small market of cryptocurrencies. Think about it.
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 reason for the rejection is always the same; we don’t deal with crypto businesses because of money laundering risks. This rejection is despite the fact that I have built and sold many companies, have no criminal record and can prove the existence of the mine and business operations.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.
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 in the UK have also hit the headlines recently for no longer allowing people to buy Crypto with credit cards, although few media outlets bothered to mention that people have never been able to buy stocks and shares, or property on credit either.
Of course ... crypto-currencies are completely contrary to the interests of banks. Therefore, in case of success and worldwide recognition, banks will simply not need banks. Or their list of services will be very different from today.
I think all banks around the world are very scared of Cryptocurrency. Because they know that once the cryptocurrency is launched in the market, their banking service will now want to go to the people. People like to be independent but the bank does not give us that freedom. Then again, the banks cut off the deadly amount of tax. it seems to me that the bank is always on the against of the 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.
Well, For me I do not think that Banks will always be against cryptocurrencies even though many people are wants to invest and store their money in crypto rather than banks still today cryptos can not down the banks. Banks always be banks maybe banks and cryptos can collaborate together to have a better transactions. It is a good market strategies, it is not good to be against cryptos but if they can have a room for it then it could be a success.
I don't think that banks will try their best to go against a new wave coming from the cryptocurrency, they may use it to make new opportunity to pave way for new mode of financing.
I agree that banks will not always be against crypto currencies. They are very much interested with the innovation of the technology behind crypto currency. It offers much convenient way of doing transactions compared to traditional system. Although, they might be against the high volatility of crypto currency market. I believe once regulation happens, banks and institutional investors will start to adapt with it.
Old system of banks commonly against crypto. New crypto-system will create crypto banks.
Yes because cryptocurrencies are more secure and cheaper than bank.Cryptocurrencies are the disrupters that threaten the use case of banks. We have already see this in countries with challenging economies, where banks can steal your money, or economic mismanagement can devalue it before you have the chance to spend it. Look at Venezuela and Zimbabwe where Crypto is sold at a premium.
Banks and politicians can always try to drag the name of bitcoin and other cryptocurrencies through the mire but this is the future money. It's become obvious that blockchain completely has more pros than the banking system. It's only prudent that the banks incorporate blockchain into their activities and devise better ways of keeping fiat and crypto working hand in hand.
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 agree that the Bank never against because like in the Philippines Bank support Bitcoin such as bitcoin wallet ex.Coins.ph if the bank will be against the cryptocurrency , Bank will never cash out money source of bitcoin.
Somehow banks would fear that bictoin would take their place as financial institutions.But this should not be a big deal to them because there are still a lot of people who are still not into crypto and prefer fiat until now
Bankers will fear Cryptocurrency and Bitcoin for as long as they believe it will put them out of a job and out of control.
I see your point but for me, banks will soon accept cryptocurrencies because of the development of cryptocurrencies, it will be used all over the world soon.
Only the best will survive. Other will become just pump coins or die at all.
Bankers are people who are only interested in their own material wealth. If the profit from the use of blockchain technology is not reduced, they will use crypto-currencies.
For sure. Moreover, banks can easily create volatility and guarantee profits this way. Such a big tool for whales.
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.
The purported attack against bitcoin by the banks when looked holistically is nothing short of "make believe ". In the sense that because most government is yet to make their position known on the technology, they tend not to be at the forefront of the matter but behind the scene, several research and development are going on that will be surprising to every one eventually when its launched as banks compete between themselves to be the first to launch a particular technology.
Even today, various committee that are currently discussing on the implementation of blockchain/ bitcoin would still consist of top bank officials as they are the ones government would call upon to formulate policies compared to a developer working from garage.
I agree. I have observed so many financial institutions display their interest in the technology behind the cryptocurrency market while they basically shun away all cryptocurrencies. I was initially surprised to learn this when I was a newbie in the cryptocurrency market, but later on understood their true motives which is pathetic to say the least. This is the reason why I strongly believe that banks will never support cryptocurrencies for their own financial gains no matter what.
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.
Ofcourse it will never be always happen since nowadays i have read many thread tackling about the adaption of banks from old school to blockchain and other technology behind cryptocurrencies and this is a serious matter from banks if they wanna stay in business in future since cryptocurrency is taking over the market worldwide slowly but surely
Bankers are people who are only interested in their own material wealth. If the profit from the use of blockchain technology is not reduced, they will use crypto-currencies.
You got it right mate,bankers are into profit and not for anything else so if crypto and blockchain wil bring them wealth so what would be the problem for adaption I think that the bank will eventually accept the reality and accept bitcoin in a transaction to make fiat.
Bitcoin will continue to grow, slowly the bank will accept bitcoin and will have its own altcoin and will later create a community by attracting customers or customers. As time goes by it will definitely happen.
Bitcoin will continue to grow, slowly the bank will accept bitcoin and will have its own altcoin and will later create a community by attracting customers or customers. As time goes by it will definitely happen.
They are doing now,as banks starting to realize that their end is near from the presence of this crypto community so they are moving in to enter our world
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