Topic: Do Banks fear cryptocurrency - page 16. (Read 17113 times)
they fear blockchain
They just don't understand it. I was recently on the trading floor of a major bank here in Ireland looking to interview for an internship. Everyone was talking about bitoin as it had just hit the all time highs it is now hovering around. However nobody actually understood what it was or how it worked.
The crypto currency is decentralized, so there is no need for a bank. If you understand the process it will be more clear that the banks are in fear. Banks are afraid of online money or crypto currency and for sure it happens. Because the crypto currency bank will lose a lot of transactions and savings accounts. People will look for places other than banks because banks always deal with cash or currencies where everything is controlled by the central bank
People almost had trusted the Banking system for several years but now it has lost faith to Banking sector due to the greediness of some sectors this damaged the trust in Banking area to the people. Cryptocurrency are virtual currency which is used as a medium of exchange without a intermediary involvement this makes the banks and government scared of cryptocurrency. Normally Bitcoin was created as a solution to the problems created by the Bank to the people.
Banks can be afraid to change their system in which they have a good % of profit, so they might talk bad about crypto. But to listen what bankers are saying about cryptos its the same like talking with taxi driver about uber 
Bitcoin is a true example of an emerging technology network with a lot of potential for improving baking models. Cryptocurrencies have last a few years now so this is changing how we see the financial market
Yes, I think banks are very scared because citizens around the world have started to support crypto currencies like Bitcoin etc.
They always criticize, and spread fear to the holders of digital currency, they always say that cryptocurrency like Bitcoin is a fraud, bubble, etc. In the hope that people will be hindered to invest and return their money to the bank.
They always criticize, and spread fear to the holders of digital currency, they always say that cryptocurrency like Bitcoin is a fraud, bubble, etc. In the hope that people will be hindered to invest and return their money to the bank.
I don't think so. Banks are protected by government and fait will be used for sure, not many people using cryptocurrencies compared to fait nowadays.
When all this new cryptocurrencies will increase, it might be
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!
Bank says that the cryptocurrencies are threats for them. Banks are afraid that people will stop investing to them because people will prefer to invest and to save their money in the cryptocurrency world. They called on people not to get involved. Should we be afraid or the banks are!
Despite the fact that crypto is very risky investment I would rather invest in crypto than in bank.
i think it is their biggest fear lol
The progress and significant increase of bitcoin certainly makes banks worry, if everyone can control all their own transactions of course they do not need bank services and this is what makes many banks afraid of bitcoin.
of course that banks are afraid of crypto because it takes them job 
... Crypto is about to remove third party and thats bank it is simple
... Crypto is about to remove third party and thats bank it is simple 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!
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!
Bank says that the cryptocurrencies are threats for them. Banks are afraid that people will stop investing to them because people will prefer to invest and to save their money in the cryptocurrency world. They called on people not to get involved. Should we be afraid or the banks are!
banks want to warn people that cryptocurrency carries great risks in the field of consumer and investor protection, tax avoidance and money laundering
Some extend yes. Banks have more concern and more attention on cryptocurrencies because of following two major reasons.
1. Roles of the banks are completely eliminated by this decentralized millions of Blockchain peers.
2. Issue of privacy and anonymity
Moreover cryptocurrency transactions are more transparent and anyone in the network can verify any transaction.
1. Roles of the banks are completely eliminated by this decentralized millions of Blockchain peers.
2. Issue of privacy and anonymity
Moreover cryptocurrency transactions are more transparent and anyone in the network can verify any transaction.
Of course banks are afraid of cryptocurrency. They cannot control it, influence on its price, so they are afraid of this helpless and try to make others to be afraid of crypto too
They don't have fear in common. Some of them are afraid of Bitcoin because it would force them to innovate. Bitcoin is but the most famous example of an emerging technology network with the potential to improve banking.
The bank is worried about the development of crypto, the bank has the management and it focuses, while the bitcoin is private ownership.
The purpose of banks is for profit, I do not think banks need to be woried with bitcoin development, if bitcoin can not be stopped then the best solution is to accept bitcoin as a product or legal investment in banks. 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!
For some reason I think it does since it imposes a threat to their existence wherein as time passes by and as more and more people patronize bitcoin, the higher the chances that bitcoin would replace banks. If you would compare the two, you will clearly see that bitcoin is way more better than bank but still we should support both of it as it gives us financial assistance and helps the economy. They called on people not to get involved. Should we be afraid or the banks are!
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