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Topic: Banks will always be against cryptocurrencies? - page 6. (Read 2908 times)

full member
Activity: 616
Merit: 100
yes bitcoin not always against bitcoin, why? right now we know that blockchain is the good system right? and the fact is there are many banks that learn about blockchain system, and it looks that they not against bitcoin right? 
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
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.
Some are not disagreeing instead they are adapting it as a financing system.  Some arw totally agaisnt because that is what the government told them, banks are under government facilities so its not new knowing that some are against to it. I see blockchain as the future of financing, nontheless i know we are heading into that kind of system.
full member
Activity: 673
Merit: 106
Instead of fighting against cryptocurrency, I think banks should carefully explore the advantages of crypto and the blockchain technology that can be used to improve the increasingly outdated banking system. There are many banks that have adopted blockchain technology and it is showing very good results.
member
Activity: 252
Merit: 12
No, I don't think so. I guess that one day banks will issue their own cryptocurrencies or they will just start working like exchanges/wallet providers maybe.
member
Activity: 256
Merit: 36
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.
Well in the first place banks and crypto currency has the same in some purpose like stroring and investing money. In the market or as a competition in business you must take down your opponent by your advantage but the scenario of banks and crypto, crypto slightly introducing itself to the market but as what it takes to be banks suddenly opposing to it to stay in the society.
copper member
Activity: 164
Merit: 1
this is because the banking system will always want to dominate the financial sector, but with the emergence of cryptocurrency, the banking system has viewed it as not just a competitor but a potential threat to it relevance, this is why the banking sector will always see crypto as a threat. but in order to stay relevance, i think the wisest decision for the banking sector is to adopt cryptocurrency else face total obsolete from the financial world.
jr. member
Activity: 110
Merit: 5
Electronic cash continues to be a giant threat to bankers. All of them were stunned by the fast overwhelming of the electronic cash world has been growing apace within the past few months. There square measure many ICOs and major fluctuations within the massive electronic cash like Bitcoin and Ethereum.

I think it's wrong if a bank is against cryptocurrency, cryptocurrency is extremely auxiliary in transactions... as a result of this can be electronic cash that's helpful for the long run... I feel the bank can sometimes receive cryptocurrency in their business...
jr. member
Activity: 140
Merit: 2
Absolutely, they are not really against it since for how long will they be against it. Just that most banks are now realizing the power of cryptocurrencies and for that matter they are trying their possible best incorporate their technology in order to provide better services to it members. Very soon you will see them providing crypto services.   
full member
Activity: 2520
Merit: 204
Seem banking industry aren't agaist into digital vritual cryptocurrency
Why first of all i use my local wallet to transfer my bitcoin into my bank to convert into fiat miney
I think some bank well understood the importance of cryptocurrency and not a threat to them
jr. member
Activity: 340
Merit: 1
Yes its always against in bitcoin they controlled by some powerful political person they will against because there are some bad effects to thier sector. Many people will refuse to invest on bank theybwill much interest in crypto because we can see the interest is high unlike banks.
member
Activity: 308
Merit: 11
The banks will push hard against bitcoin until they find ways to profit from it without exposing themselves to to high levels of risk-then they will start to trade bitcoin very quietly at first. Banks exist to make money and if they think they can make money they will adopt bitcoin etc. But the banks certainly don't want the public to get in on the action.
member
Activity: 406
Merit: 10
I think that if a certain state allows the functioning of the cryptocurrency on its territory, the banks will have nothing left but to start using the cryptocurrency. Moreover, it is very convenient and do not be afraid of it.
full member
Activity: 283
Merit: 100
Now cryptocurrency is developing more and more, its use is becoming more popular. Therefore, over time, many banks will be forced to at least partially switch to blockchain. But I don't see it as a threat to the Bank.

full member
Activity: 994
Merit: 138
we know that at the moment competition is very tight, everything must be renewed, and I think this reason is why Banks will continue to against cryptocurrencies, they are afraid that in the future people will prefer cryptocurrencies so their business closes. I thought if they could use cryptocurrency it would be very good for the future of their bank. I hope they (Banks) realize quickly.
member
Activity: 322
Merit: 10
I hope that in the future banks will accept cryptocurrency and will carry out part of monetary operations with it. I think this will greatly protect and simplify the banking system.
copper member
Activity: 2800
Merit: 1179
Leading Crypto Sports Betting & Casino Platform
Yes, definitely banks will always be against Bitcoin and cryptocurrencies because cryptocurrencies are decentralized and never need a bank or third party for any transaction, Bitcoin and crypto are threat to the banking and other financial systems, banks might be erase because of Bitcoin, it's just a predictions but it might happen soon.
member
Activity: 602
Merit: 10
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 do believe banks is want to find a way to take benefits from cryptocurrency. Banks can not againts cryptocurrency because crypto is base on community. Banks have much experience in financial system and they always find a way to survive and take benefits from any situation
member
Activity: 714
Merit: 14
With the increase trend of the Blockchain technology and cryptocurrency, the attention and interest of the people are gradually drawing to crypto. This will definitely lead the banks with no choice than to integrate Blockchain into their services in order to continue winning the interest of the people.
full member
Activity: 301
Merit: 100
Yes, banks are trying to incorporate blockchain technology into their banks. This is justified and necessary as the world becomes more modern and virtual currency is becoming more and more popular. Instead of fighting the crypto, they choose the method of accepting it and they will receive a lot of financial gain
NH
sr. member
Activity: 422
Merit: 250
i think bank have their way to use bitcoin as currency. maybe they use crypto too, investing in bitcoin. you know that many country legalize bitcoin, it mean they ready to take risk, and ready take profit.
i hope, ico that have platform like bank will always exist so they can be partner with real bank
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