Topic: Banks will always be against cryptocurrencies? - page 24. (Read 2908 times)
Cryptocurrencies remain a big threat for bankers. It’s overwhelming how fast the crypto world is growing in the past few months. There are hundreds of ICOs and enormous fluctuations in major cryptocurrencies such as Bitcoin and Ethereum. Despite this being a big hurdle for banks, it is what many investors love. However, not all bankers hate cryptocurrency. Some have already invested in cryptocurrencies.
I don't know about other country but In india indian bank is against cryptocurrency and they ban any type of crypto related transaction.
If btc becomes part of the bank then their fees which they charge for the money transfer through remittance will get stop as btc fees is hardly as compared to those of bank charges. Thus due to which bank are in denial mode to accept the btc
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.
Yes bank should be able to develop and accept a changes. Crypto getting bigger everyday and blockchain is the reasons behind this development. Maybe in future there will be a loan using cryptocurrency that offered by bank. 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 world is always changing. New technologies are always replacing traditional systems. It's natural.
New things usually aren't accept first. But they are finally accepted. Cryptocurrencies are the same. They will be finally accepted.
New things usually aren't accept first. But they are finally accepted. Cryptocurrencies are the same. They will be finally accepted.
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.
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.
not all banks oppose crypto, there are several banks that instead choose to collaborate with Crypto
the point is that banks that oppose crypto are banks that are too jealous and consider cripto as their rival.
In India, Bank is fully against Bitcoin and Crypto even they also not support the exchange activity such as withdrawal from exchange or deposit money in exchange.
I don't know about other country but In india indian bank is against cryptocurrency and they ban any type of crypto related transaction.
I think it won't be always that banks will against cryptocurrencies. Bank wanted to get a fee to maintain their business and get some profit from the transaction of a client. So if the bank get a transaction fee from bitcoin, they will allow it to transact using banks.
Gradually, surely the bank will provide the opportunity for bitcoin to exist in its network. Bank employees will be more observant with the changes that occur, bitcoin is a personal asset that can grow with many communities.
The number of communities and the number of people who need them will certainly serve bitcoin as well and can be exchanged for fiat, so that the bank will have the opportunity to add to the customer community / customers.
The number of communities and the number of people who need them will certainly serve bitcoin as well and can be exchanged for fiat, so that the bank will have the opportunity to add to the customer community / customers.
things will change a lot in my opinion. for the first part the banks will oppose bitcoin since it is a decentralized currency that they can not have any kind of control over and instead they will go for the centralized altcoins and will invest in them. as we can see with the case of XRP today. then they will dump those coins and start their own centralized blockchain as we also see with some of the banks in these centralized altcoins are currently doing.
but eventually they can not fight the revolution anymore. as bitcoin's adoption grows more and more they will have to also adopt bitcoin and adapt their services
but eventually they can not fight the revolution anymore. as bitcoin's adoption grows more and more they will have to also adopt bitcoin and adapt their services
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.
Banks will actively resist on the introduction of crypto currency only until their actual legalization by states. After that, banks' counteraction to the Crypto currency will decrease sharply and they will begin to provide services for the exchange of crypto currency. For other operations, such as deposits in the crypto currency or the issuance of loans in the crypto currency is hardly worth counting. For banks, given the high volatility of the crypto currency, this will be too risky, they will not be engaged in this. 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.
as long as banks controll the national currency, they have no interest in weakening it
Most bankers are against digital currency such as BTC because of it high level of decentralization. Because BTC is decentralized giving out loans with interest which is a usual policy of banks to make profit would be expunged. Some banks are also working hard to form a strong body of interoperability with cryptocurrency.
I think it's wrong if a bank opposes cryptocurrency, cryptocurrency is very supportive in transactions... Because this is electronic money that is useful for the future... I think, the bank will someday receive cryptocurrency in their business...
Banks are slowly utilizing the blockchain technology. Same technology behind the cryptocurrency. In the future, banks will use this cryptocurrency too depending oin the demand from public. If the community is big enough, its an opportunity in business especially for banks too.
As a matter of fact, big banks are now working behind the scenes to integrate blockchain in their system.
If they will not accept such kind of blockchain innovation, they will be left behind.
Of course, at first, they are hesitant with the usage of cryptocurrencies because of the disadvantages that it brought to them.
But, the time is really changing so fast. More and more users are becoming aware of the benefits of blockchain and cryptocurrencies.
So, banks are now adopting this revolution. The truth is, blockchain might be the answer to their recurring problems (i.e. transparency, fraud, and so on.).
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.
Here in my country, we have only one bank which I know that they are very opened into crypto crypto currency, Meaning, there is a possibility were in the near future the banks in every nations will adapt the concepts and system of cyrpto currency. Therefore, there is an hearsay's that if you can't beat them join them.
Blockchain and cryptocurrencies are bound to be adopted by the banks, why? they don't have choice as OP mentioned that the capital is there and the banks won't waste opportunity of catching it.
At first, it seems odd to see themselves adopting it but they will learn it later on that there's a big market that they can also collaborate with it. As long as there's money, they will not waste any single opportunity like adopting cryptocurrencies.
At first, it seems odd to see themselves adopting it but they will learn it later on that there's a big market that they can also collaborate with it. As long as there's money, they will not waste any single opportunity like adopting cryptocurrencies.
I have read reports of how banks have frozen the bank accounts of persons who they suspect to be dealing on cryptocurrencies even when there are not explicit law against the use of cryptos I such countries. The goal is to scare people off from using it because they know that it had the potential of changing how people see money
Yes, the bank will always oppose cryptocurrency.
I think if banks are afraid of being displaced by cryptocurrency, yes because cryptocurrency is easily safe and controlled in the hands of their money holders while in our bank does not have full power from it many people prefer cryptocurrency if cryptocurrency starts to surface.
Of course after cryptocurency surfaces and digital money is becoming more popular, I think banks will also take roles, they will accept digital money exchanges.
I think if banks are afraid of being displaced by cryptocurrency, yes because cryptocurrency is easily safe and controlled in the hands of their money holders while in our bank does not have full power from it many people prefer cryptocurrency if cryptocurrency starts to surface.
Of course after cryptocurency surfaces and digital money is becoming more popular, I think banks will also take roles, they will accept digital money exchanges.
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 reason behind the bank's are always against in crypto currency because for them crypto currency is the biggest compitence to their investment. Because they lose big amount of profits if their customer's transfer to invest their money in crypto currencies. The bank gives a small amount of interest to their customer's in a long term deposits which is not good to the part of their customer's.
Jump to: