Topic: Banks will always be against cryptocurrencies? - page 8. (Read 2903 times)
This is not totally correct assumption as many banks adopt this technology and connected to Ripple. This technology is gaining ground and we will see many new banks adopt it in near future.
Banks will soon be forced to adapt to it, we can already see it on the example of such as Goldman Sachs, etc.
Banks can't control decentralized currencies, they able to control centralised currencies which is permitted by governments. Bitcoin such kind of decentralized currencies so that banks can't control it... So they always against it.
of course, it will. both are strong contenders for financial institutions and are a competitor of one another because they can almost do the same things and that's why many businessmen are also are mad because their property (banks) is being rotten.
In general if the banks want to survive . they will have to become crypto exchanges. as most banks are really just companies. they can rebrand themselves.
in general though, there really isn't a threat to them yet, only 1% of population is in crypto, so a long long way till there is any mass adoption..
more less they don't have to worry about anything yet
in general though, there really isn't a threat to them yet, only 1% of population is in crypto, so a long long way till there is any mass adoption..
more less they don't have to worry about anything yet
Bank will always be against cryptocurrency and I believe that.If people start using cryptocurrency they will not store there money in bank they will keep there money in crypto.Because bank have some rules which people hate.If people start using crypto then bank can not make profit.
haha not just about the bank. This is nation laws. They can't accept anything related to financial and it anonymous.
banks will not miss out on the progress and will soon be using a blockchain. i am really convinced of that and think that it will come in the coming years.
They've already seen the advantage using blockchain and for sure they will take any advantage that they can get in order to benefits from this system, banks might just waiting for the right timing before they will start adopting the service, or they already using it without prior notice, not talking about ripple but maybe bitcoin itself for some internal transactions between branches to branches, who knows..
No not really for banks are also enjoying the cryptocurrency. Payments for local exchange are using these banks to accept payment for them. In this way banks will be earning from the transaction being made when you pay using the banking system especially if it involves huge money. There is no way you will going to trust the online payment system when you will going to transact huge value of money.
banks will not miss out on the progress and will soon be using a blockchain. i am really convinced of that and think that it will come in the coming years.
Bank will always be against cryptocurrency and I believe that.If people start using cryptocurrency they will not store there money in bank they will keep there money in crypto.Because bank have some rules which people hate.If people start using crypto then bank can not make profit.
haha not just about the bank. This is nation laws. They can't accept anything related to financial and it anonymous. 
Bank will always be against cryptocurrency and I believe that.If people start using cryptocurrency they will not store there money in bank they will keep there money in crypto.Because bank have some rules which people hate.If people start using crypto then bank can not make profit.
Banks are always threatened by digital money such as electronic system of transaction, it is because in banks the small player or depositor are only accepting small interest in every month, but in cryptocurrency if you had enough money to buy tokens you can earned or gaining more profit after the projects done so lots of investors wanted to invest in crypto than the banks..
Banks can not make decisions very efficiently IMO, and accepting crypto is such a big step, that it probably won't happen from one day to another. Especially now, when the regulations are so hazy yet.
I don't think it will always be. Maybe for now. Inevitably there are pros and cons in the revolutionary process, in this case, the financial system related to banking. In my opinion, the problem now is the government, which is as if banks are rejecting the presence of crypto currencies. I think it is only natural that in every government in various parts of the world it seems to treat the presence of the crypto currencies. But I believe that will be temporarily, given the importance of regulation in applying it to the banking system in a country. The point is, the government is not ready yet, especially in terms of regulation.
of course that and to the extent the bank will always oppose bitcoin because the bank is afraid that if there is bitcoin the bank will be competitive and afraid too if its customers move to bitcoin, because bitcoin is a very promising investment place for the future of all of us too
Until now, it seems that no bank actually accepts bitcoin as a tool for payment transactions. I don't know what the reason is. Or maybe the bank does not want to leave the conventional financial system, or there are other reasons?
in my opinion, banks are not completely hostile to cryptocurrency, sometimes when I exchange my bitcoin into domestic currency, I use bank services, and I'm sure the bank will be happy if we use their services because banks can get administrative fees
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 do not believe as well because crypto currencies could lead to additional income of the banking institutions. The banks may offer cryptos as their product they would just need to strategize on how the banking industry would embrace and cope up with the crypto market.
I agree with you here, and now even banks are studying this blockchain technology on how they can utilized this and incorporate in their system. I think there are more banks that are studying and open on ideas on cryptocurrency and its a matter of time that they can come out their rulings.
I don't know where you see banks that are kind, but where I live, banks don't just fight Bitcoin, they push hard and down on the government to ban everything related to cryptocurrency. Although banks use Blockchain as a technology to improve their financial infrastructure, they still ignore Bitcoin. But I think electronic money is still a big threat to bankers. They were all surprised by the development of electronic money which had grown rapidly in the past few months. There are hundreds of ICOs and big fluctuations in big electronic money like Bitcoin.
Banks are experiencing right now with blockchain and cryptocurrencies. Mostly with consensus algorithms like the one Ripple and Stellar has. It's matter of time they will implement this technology for avoiding double spending issues. There are numerous startups trying to integrate blockchain now with the financial world and when this finally happens, we can be witnesses of the most impressive growth of the blockchain industry will have 
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