Topic: Do Banks fear cryptocurrency - page 15. (Read 17113 times)
I feel the banks are not feared of anybody as they have their own regulations and policies.What i feel is that they may use the blockchain technology in their daily professional needs to increase the speed of the banks transactions and make the process more transaparent.Thats what should be the motive behind the banks thinking and also their psycology .
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
I always see this kind of scenario where banks are really afraid of the growth of cryptocurrency that's why they warn people about cryptocurrency that it is a scam. Its true that cryptocurrencies growth might be a treat in the future because if people will continue to invest then there's might be a small chance for cryptocurrency to rule the world someday.
I wouldn't say that they fear it. They can crash Bitcoin whenever they want so no. We should fear them.
Ofcourse they are feared, because almost all goverments dont know how to manage this economic power
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Yes, I think Banks are concerned that cryptocurrency will affect their business. When large amounts of money are flowing into the cryptocurrency market, there will be less money flowing into Banks. They called on people not to get involved. Should we be afraid or the banks are!
Yes they do. As the decentralized nature of bitcoin threatens the monopoly of banks over the world. Bitcoin has the potential to make the banking system obsolete. Why would we fear banks? Even if banks ban bitcoin purchases through bank transfers or cards there is cash options.
We should not be afraid of bank against cryptocurrency,as for now ,guarantee trust Bank in Nigeria Now has a coin, called Gtcoin,and access bank helps to do transaction for bitcoin, and etherium,so the cryptoworld is gaining momentum gradually and others will eventually follow..
they do otherwise they wouldn't be negative on them and would be trying to use the blockchain.
within the case of Bitcoin, what is being enabled here isn't always merely a new marketplace, but a marketplace of markets; a platform for all forms of new markets to emerge. In it, lies the promise of a metamorphosis, as peculiar because it sounds, extra than the internet. Denying the sort of ability is identical to denying the truth of globalization.
that is why banks had higher embody the experimentation around crypto technology and enterprise fashions—in consortia in preference to alone, with a purpose to reduce risks and so that it will foster and form the set of suitable platform innovations as a way to come over the subsequent decade, one way or some other.
that is why banks had higher embody the experimentation around crypto technology and enterprise fashions—in consortia in preference to alone, with a purpose to reduce risks and so that it will foster and form the set of suitable platform innovations as a way to come over the subsequent decade, one way or some other.
Not really because in the future maybe the bitcoin will try to be partnered with all the banks. Some are saying that cryptocurrency will replace banks in the future. But banking institutions should know by now that they can not win the fight. Smarter ones are looking for a way of tapping into the advantages there in. People will look for places other than banks because banks always deal with cash or currencies where everything is controlled by the bank. Normally Bitcoin was created as a solution to the problems created by the Bank to the people.
No, they don't but they can't control it yet so they are banning it for now. They will have the chance to control it with the Lighting Network tho, research this matter. Banks are the ones destroying bitcoin even at the moment.
Banks are threatened by cryptocurrency as there is a feeling that crypto will push them out of business and outface them in the process, the freedom crypto offers, the safety of their information and the privacy of their transaction may be apealling to the masses hence attracting them to crypto and away from the banking institutions
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Banks do fear cryptocurrency. Central bank of Nigeria have been from time to time continued to issue warnings to the crypto users to stay away. But banking institutions should know by now that they can not win the fight. Smarter ones are looking for a way of tapping into the advantages there in. They called on people not to get involved. Should we be afraid or the banks are!
Yes, banks are afraid of cryptocurrency, because it may easily replace them in future. More and more people use cryptocurrency, so banks started to loose their income
Banks don't fear of cryptocurrency, but truly speaking banks around the world has experienced a big loss just because of the entire cryptocurrencies. Right now the banks were with plans to get integrated with the cryptocurrencies and provide service. Such an access can be found in banks by the upcoming years and there is no fear on its growth.
I don't agree with you. Banks are afraid of crypto currencies. If you are considering the operation of banks only as exchange and transaction with Fiat then do banks have their own niche, but the main purpose of banks is raising capital, and crypto currency create capital outflow from banks.I think that banks are already afraid of cryptocurrencies.It is a large thread for them. Banks might be replace in the future by them.
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
Yes some banks scared about bitcoin because bitcoin is very fast to transact while in bank you need to take a big time before you'll get your money so i think if crypto bcome more popular maybe banks will do something to remove bitcoin. and because of banks theres a lot of people lock their accounts in bitcoin so i think it is so dangerous.They called on people not to get involved. Should we be afraid or the banks are!
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies
They called on people not to get involved. Should we be afraid or the banks are!
They called on people not to get involved. Should we be afraid or the banks are!
Well banks make money by using our deposited money. It is only logical they are affraid of the cryptos since if we don't have money in our bank accounts they have nothing to play around with.
I believe they will either have to adapt or make some regulations so the FIAT market won't collapse in the future. All the banks are doing right now is logical since they don't want to loose any amount of money.
BR
Clearly, banks fear bitcoin and cryptocurren. If I was the manager of a bank, then I would warn and take measures against bitcoin because bitcoin develop strongly, many people use it, the number of bank customers decreases and benefits the bank reduced.
As for your concern, bank companies does not feared bitcoin they do afraid that people may get fooled or loss a big amount of money just for the sake of earning some bitcoin, that is why they issued some restriction or warning about it, because they protect people and enlighten people on what could possibly might happen.
Banks fear cryptocurrency governments will lose seigniorage income—the benefits derived from printing money, and they will lose the ability to control the economy.
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