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Banks will always be against cryptocurrencies?
Banks dont care, they just want money.Ineternational money transfer systems is against Bitcoin.
Topic: Banks will always be against cryptocurrencies? - page 7. (Read 2923 times)
Ineternational money transfer systems is against Bitcoin.
I think the bank will continue to oppose the cryptocurrency even though there are some banks that adopt blockchain as a customer data store, but in general they continue to oppose cryptocurrency because when bank customers choose to invest in cryptocurrency the bank will automatically decrease the number of customers
Banks are finding that Cryptocurrency is becoming a significant threat to them. Many banks have been trying to link up with governments to issue bans aimed at restricting its development. But do not worry Banks are accepting Cryptocurrency and legalizing it.
I don't believe the banks are going to be against cryptocurrencies for ever. It might even get to a time when the banks too will be jostling for cryptocurrency services. That time is surely coming.
I think banks will find a way of incorperating crypto into their financial system because they are curiously watching the trend and wouldnt want to loose out because most people with time will want to convert their fiat into cryto because of its decentralized nature
In my opinion, don't be too assessing the bank's ugliness.
How many businesses have been helped thanks to the bank when capital is used while opportunities are large and limited? Although they also know the above even know more about us about the bank's own ugliness.
and also remember that banks are service units under state law. That means our assets stored there also have guarantees under the law.
If it is a cryptocurrency asset stored on the exchange or an online wallet, who guarantees and is responsible for its security?
the state has not guaranteed risk yet.
How many businesses have been helped thanks to the bank when capital is used while opportunities are large and limited? Although they also know the above even know more about us about the bank's own ugliness.
and also remember that banks are service units under state law. That means our assets stored there also have guarantees under the law.
If it is a cryptocurrency asset stored on the exchange or an online wallet, who guarantees and is responsible for its security?
the state has not guaranteed risk yet.
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 will support your opinion! Banks aren't need to compete with cryptocurrency because it is an institution that monetize the currency. Cryptocurrency will help us to store, pay and transact using P2P services. But banks are responsible for balancing the wealth of economy. Hence, we need 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.
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 have been against Cryptocurrency right from the day one it came to existence, because they will never get anything from it since it's Decentralized and with the fear it will really over thrown.
The principle of operation of any Bank is to make a profit.What does the Bank produce?- bread, metal, computers?Of course not.Their meaning lies in the fact that it is cheaper to buy and more expensive to sell.The Bank does not care with what instruments to do it.Fiat money or cryptocurrency-absolutely no difference.And at the expense of the blockchain technology, now this technology is being introduced in all areas, and banks are no exception.
I think never, because Bitcoin is considered a payment and has a high number of users. I see some banks have recognized the blockchain technology and applied it in their bank. That is the reason make banks will accept for the common good.
Banks will always be against cryptocurrencies not only because it is decentralized but the fear of its domineering power.
The real answer to the question "why banks don't like cryptocurrencies" is that they feel a certain threat. The growth of cryptocurrencies has surpassed all expectations, and this phenomenon is still very young, but it has the potential to shake the aging system.
Yes banks became afraid on it because bitcoin was very different compare to fiat currency. In addition the volatility of it was also a problem for them. Bank think that people will adopt it more. The decentralization of it was also one factor why banks are against on it because no one control its price even the government.
Banks may be against btc because people are gradually moving their investment from banks into btc but they they cannot speak ill about the importance or the significance of the features of blockchain technology to their services. Maybe they may be forced to go into crypto based on what blockchain can offer to their services.
banking system is not based on block chain system . crypto is the purely introduction to the block chain system. block chain is the revolution in the transaction system and it will provide easy access of people sitting any where in the world. that is why banks always oppose the cryptcurrency.
The real answer to the question "why banks don't like cryptocurrencies" is that they feel a certain threat. The growth of cryptocurrencies has surpassed all expectations, and this phenomenon is still very young, but it has the potential to shake the aging system.
In future everything will work under cryptocurrencies or maybe even better system then what we do they have, they say you cannot trust a system if it is not under the government because who is going to pay you if some scam or something got your money who will be blamed for them. Does it really matters does government is paying anything to us when we are getting scammed right now. Augment do not fulfill half of their promises and Bitcoin does whatever it has told let me know it is a transparent network with military-grade security and we have not seen that now any of those rules are violated. So we can conclude if money is in hand of the human then it can go wrong because of human intentions but machines are not going to be greedy are not going to make any false decision.
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.
Banks are free to be against cryptocurrencies! It's normal as is a free world.Banks are always threatened by digital money such as electronic system of transaction.
It is true, banks will always oppose cryptocurrency, and they will try to get government support to get rid of cryptocurrency. This is because with the existence of cryptocurrency, banks will experience a decrease in turnover or even loss due to some bank customers will withdraw their funds and switch to cryptocurrency investment.
Yes thats true, but not all banks is like that, and im sure that in the near future, banks will soon start to partner with cryptocurrencies for a better way of making transactions.
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