The interest in electronic markets is increasing, so it is impossible for banks to fight against electronic money. With the benefits of the technology it brings, banks are approaching and will accept electronic money in future financial transactions.
You absolutely make a point cause we already have some banks which currently work with ripple and we have some case where some bank are against cryptocurrencies which is the reason why I believed it won't be easy for the banking sector to accept crypto and this was the same reason why the Israelis government don't recognized bitcoin as currency.
Topic: Banks will always be against cryptocurrencies? - page 4. (Read 2908 times)
Hello,
I think that of course not ! There goal is to make money, when they will finally realized that they could not stop crypto development and people to adopt them more and more they will do U-turn in order to take also the benefits of its huge potential.
And it is clear that they already begin to work on crypto and blockchain to don't miss completely the train. The first morespeculative ones begin to invest and develop their own services and the common ones will follow.
I think that of course not ! There goal is to make money, when they will finally realized that they could not stop crypto development and people to adopt them more and more they will do U-turn in order to take also the benefits of its huge potential.
And it is clear that they already begin to work on crypto and blockchain to don't miss completely the train. The first morespeculative ones begin to invest and develop their own services and the common ones will follow.
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 also agreed with you bro. Not all the time banks will against cryptocurrencies, I don't think that things will happen. I know time will come to them that they will ride on flow of the trend popularity of crypto industry in the near future for sure, it may not be now but at the right time, I guess, isn't right?
banks will not be able to manage all transactions on the blockchain system, they realize that, I think the bank is actually the party that has no objection to this, they just don't want to oppose the government's system policy which temporarily prohibits it.
if blockchain adapts well in the banking system, then all systems will change digitally, they will eventually fire most of their employees because they do not need to deal personally to conduct transactions in a peer to peer.
if blockchain adapts well in the banking system, then all systems will change digitally, they will eventually fire most of their employees because they do not need to deal personally to conduct transactions in a peer to peer.
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 think that when bitcoin is widely used, then they will not need banks to trade or transfer money to foreign countries anymore. That means that bank deposits will no longer. So banks have to keep up with the trend in new areas or they will die. 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 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.
Bitcoin may be integrated into the banking system, but then anonymity will be abolished. Banks want to know everything about the client, they are subject to the laws of the state in whose jurisdiction they work. Today, anonymity is the main reason why governments are against Bitcoin. Anonymity has become a good tool for fraudsters, this is the problem of Bitcoin adaptation at the state level.
Yes, they will be on the other side of cryptocurrency.
but this will not stay for good. banks know the economics and community.
It will be move soon, cryptocurrency is the future of the world, they will make a move about this.
they will join the movement soon.
but this will not stay for good. banks know the economics and community.
It will be move soon, cryptocurrency is the future of the world, they will make a move about this.
they will join the movement soon.
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).
The way I see it, there are banks that feel threatened by the existence of cryptocurrencies but the question is, for how long is this going to last? Maybe they hate bitcoins and altcoins now, but it's not unlikely that they will start adapting to digital currency and create their own crypto in the future.
I think banks are more than ready to accept cryptocurrencies, but the issue lies with political heads and government. Once, government gives a green signal, banks will readily accept it.
Some banks are now beginning to cooperate with cryptocurrencies. The cryptocurrency market is innovative and banks will have to find a way to sell their services through this market.
..yeah you're right..i don't see anything wrong that many banks will be against crypto..but rather,,they will going to accept it for many were involve in crypto world..banks are just afraid to loose clients..because many peoole were engage in investing in crypto..so they treat crypto as their mortal enemy..contrary to that,,few banks are now accepting Bitcoin..so i see in the future that there is a chance that bitcoin will be the first digital crypto money in the world..
I think the bank statement will always oppose this cryptocurrency right. because most central banks fear cryptocurrency will not be controlled and are very vulnerable to being used as a means of money laundering, drug sales and other criminal behavior. and if crypto circulates, the bank is afraid of losing to crypto because people prefer to invest crypto rather than deposit money in the bank. and decentralized cryptocurrency cannot be monopolized by the central bank. and most governments do not like something that cannot be controlled.
The bank is currently still not agreeing with the growing progress of the project because it will later also make many people who will switch to the cryptocurrency world because everyone has believed
I don't think that all banks will accept cryptocurrency because not all countries legalize the use of cryptocurrency, especially bitcoin, from the many news that I read that many banks oppose bitcoin, maybe they use bitcoin as a threat to their business, and I don't know for sure about it
I agree completely.
Banks always feel threatened at the mention of cryptocurrencies.
We all know that banks makes huge percentage of their money from fees and charges on transactions.
By the time cryptocurrencies get mass adoption rate in no distant time from now, and the public starts doing transactions using cryptocurrencies, all those charges and fees will no longer be coming forth for the banks .
This could threaten the very existence of the banking industry and I do think that this could be the reason why banks are jittery over cryptocurrencies.
Banks always feel threatened at the mention of cryptocurrencies.
We all know that banks makes huge percentage of their money from fees and charges on transactions.
By the time cryptocurrencies get mass adoption rate in no distant time from now, and the public starts doing transactions using cryptocurrencies, all those charges and fees will no longer be coming forth for the banks .
This could threaten the very existence of the banking industry and I do think that this could be the reason why banks are jittery over cryptocurrencies.
I agree with that. Bank will always against in bitcoin, I think the reason why banks are against bitcoin because their client are no longer to deposit to their bank accoints because clients are already put their money and investment at bitcoin business. If you think wisely. Bitcoin investment is more practical rather than bank investment. Because in bank investment your capital will earn a very small interst like 0.005% per month unlike when you invest at bitcoin you will earn double as your capital depend on your strategies. So people will choose the bitcoin investment and the bank being against to bitcoin because it may cause their loss.
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 think bank will not be against crypto currencies because they would probably benefit from the crypto currencies specially if they will embrace the crypto market and add it up on their products and services.
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.
Yes. I am totally agree with you, we must say that some banks did not want cryptocurreny but still there are banks that open to collaborate with cryptocurrency. I think some countries have a ATM machines in cryptocurrency is connected with banks and in their country cryptocurrency is one of the partners of banks. It is good to see that banks and crypto is not competing instead partners in making us convenient incomes to transactions.
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The interest in electronic markets is increasing, so it is impossible for banks to fight against electronic money. With the benefits of the technology it brings, banks are approaching and will accept electronic money in future financial transactions.
You absolutely make a point cause we already have some banks which currently work with ripple and we have some case where some bank are against cryptocurrencies which is the reason why I believed it won't be easy for the banking sector to accept crypto and this was the same reason why the Israelis government don't recognized bitcoin as currency. Jump to: