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Topic: Banks will always be against cryptocurrencies? - page 25. (Read 2903 times)

hero member
Activity: 850
Merit: 504
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.
legendary
Activity: 1666
Merit: 1196
STOP SNITCHIN'
September 16, 2018, 06:48:40 PM
#9
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.

Retail banks, investment banks and central banks will need to adapt. They need to follow the market. If retail banking customers want to use cryptocurrency, you can bet that Bank of America will accommodate them with a trusted wallet and transfer system, eventually. I imagine that's why they have something like fifty blockchain patents already.

Likewise, I think investment and central banks won't be able to ignore BTC forever. At some point, they may need BTC in their portfolios as a hedge against the devaluation of other assets, like currencies.
newbie
Activity: 180
Merit: 0
September 16, 2018, 06:47:08 PM
#8
I think it's wrong if a bank be against 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...
full member
Activity: 546
Merit: 102
September 16, 2018, 06:43:41 PM
#7
not forever
sooner or later the bank will accept cryptocurrency
especially crypto which is related to banking or centralized
newbie
Activity: 155
Merit: 0
September 16, 2018, 06:36:37 PM
#6
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.

Yeah, I think so. Bank will never fight against crypto, they should use and apply blockchain technology into banks process because as we know that blockchain technology offers simplicity and transparency. I think banks will be more simple and better if they can use this new technology. Now I think banks already begin to use it.
sr. member
Activity: 575
Merit: 250
September 16, 2018, 06:31:59 PM
#5
Electronic money is still a big threat to bankers. All of them were surprised by the rapid overwhelming of the electronic money world has been growing rapidly in the past few months. There are hundreds of ICOs and major fluctuations in the big electronic money like Bitcoin and Ethereum.
94K
member
Activity: 350
Merit: 10
HiveNet - Distributed Cloud Computing
September 16, 2018, 06:15:22 PM
#4
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.
sr. member
Activity: 1344
Merit: 288
September 16, 2018, 06:12:11 PM
#3
I don't know 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 cryptocurrencies. Although banks are using Blockchain as a technology to improve their financial infrastructure, they are still disregarding Bitcoin as a (virtual) currency (same with Ripple Network and XRP cryptocurrency).
full member
Activity: 2548
Merit: 217
September 16, 2018, 05:52:45 PM
#2
Correct i agree with you mate banks will not all is against cryptocurrencies, some other banks accept bitcoin to convert into fiat, people making issue to banks betwwen cryptocurrency to make an understanding partnership to blame the people.
full member
Activity: 392
Merit: 105
September 16, 2018, 05:46:52 PM
#1
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.
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