Topic: Do Banks fear cryptocurrency - page 17. (Read 17113 times)
Banks should not be afraid of cryptocurrency because they can take advantage of this cryptocurrency phenomenon to establish cooperation even without even realizing they have established cooperation because until now if the user wants to exchange bitcoin into money then the users will use the bank facilities to take the money that has been redeemed through various crypto onsite services.
bank afraid about their costumer use bitcoin and dont use their service anymore, and if it happen the bank will broke. secondly they afraid about bitcoin because bitcoin have a high tech to manage their transaction, they afraid that their system is not good and fast like bitcoin. of course banks afraid about cryptocurrencies 
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!
Banks simply capitalize on the safety that it could offer on handling our money. They also offer insurance for the money that they hold and through this they get to offer loans and investment to people. With crypto all of these were simply innovated. Though conventional currency is still accepted and "secured" ; crypto became a more versatile medium of trade which is beyond the control of banks.
I belief that Banks fear cryptocurrencies as the blockchain is immune to fraud and hacking, this provides extra safety to users that the bank cannot provide. Basically it does what the banks do, only better. The biggest threat right now to the traditional banking model is cryptocurrency. Governments also have a vested interest in the success of fiat money and allowing it to keep its hold on the financial world. As they issue the money they hold the power to influence and control it not to mention to simply make more of it whenever they want.
Definitely yes! Banks fear the existence of Bitcoin and other cryptocurrency because they might loose their business if most of the people chooses cryptocurrency that is the very reason why banks are giving negative feedback about crypto.
Well, I cannot disagree with that because looking at the circumstances, it really is possible to happen if mass adoption really does happen in the whole world regarding crypto currencies. But the thing is that the governments will not allow this to happen because they can see lapses in the block-chain technology. Which is why I think that they will take advantage of these lapses to delay the legalization of cryptos and help the banks so that cryptos will become regulated. That is what I think.
Definitely yes! Banks fear the existence of Bitcoin and other cryptocurrency because they might loose their business if most of the people chooses cryptocurrency that is the very reason why banks are giving negative feedback about crypto.
Banks are afraid of bitcoin, banking systems are all the way to attack bitcoin but fail, bitcoin still exists and grows
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!
The Central Bank of Albania, not much affected by the world community and their relationship to cryptocurrency. At the G20 summit said that at present, the global financial system is not afraid cryptocurrency. They called on people not to get involved. Should we be afraid or the banks are!
Yeah banks are worried, and Governments too. Not just about losing control of their monetary policies and systems, but also for the safety of the general public.
Whilst we understand the crypto markets and the many issues and pitfalls that come with it, the average man on the street is jumping into shark infested waters.
It took decades for banks to get a grip of fraud involving card payments. Credit card fraud was huge and still is, even after many many security developments such as chip and pin and others.
Imagine how many ways your Grandma could get scammed if she was using crypto to pay for things haha. She's probably just got her head around paying by card and using internet banking.
This is a major hurdle that needs to be overcome before crypto becomes mainstream. Expect plenty regulation to follow over the next decade if it continues to grow and be adopted.
Whilst we understand the crypto markets and the many issues and pitfalls that come with it, the average man on the street is jumping into shark infested waters.
It took decades for banks to get a grip of fraud involving card payments. Credit card fraud was huge and still is, even after many many security developments such as chip and pin and others.
Imagine how many ways your Grandma could get scammed if she was using crypto to pay for things haha. She's probably just got her head around paying by card and using internet banking.
This is a major hurdle that needs to be overcome before crypto becomes mainstream. Expect plenty regulation to follow over the next decade if it continues to grow and be adopted.
Banks are afraid of crypto, maybe crypto will replace the bank in the future
The bank is worried about the development of crypto, the bank has the management and it focuses, while the bitcoin is private ownership.
I think banks will create their own crypto currency where they have full control over it banks deal business like that a centralize monitary system that business profits in fact i think they are profiting in the current bitcoin craze in the market.
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!
Or should we say that banks are causing this negative news so for us to sell our btc holdings so they can buy at the dips. I think banks are not dumb enough not to see the potential in the investment of crypto currencies. These banks have skilled portfolio manager that is possible investing into crypto currency already. They called on people not to get involved. Should we be afraid or the banks are!
i think it has something to do with safety and lack of regulation,moreover people are queuing in.
In my own opinion... banks are already there since the Roman times and I thinks banks will still remain as banks for a very long time and in the distant future, I don't really think that banks fear crypto currency because crypto currency is not present in all the places in the world, there will always be banks in remote places where crypto currency doesn't exist.
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!
I think the banks are afraid of the long lasted trend on the web which is bitcoin. the banks are afraid bitcoin is going to take over their business. Bitcoin is a revolution which gives people freedom with full control over their money. While using bitcoin, only people have the authority to control their money and no one else. The governments are afraid the day will come when people will stop using their own old monetary system and start using cryptocurrency. haha They called on people not to get involved. Should we be afraid or the banks are!
very true, that's why some of them make their own coins, but most of them just loosen the cryptococcal restrictions. But I think the threat is exaggerated. because Crypto will not replace the fiat in the next year or even close.
Of course, banks will be afraid of cryptocurrencies, because there are already technologies such as decentralized Bank from Crypterium, loans from the Credits project and much more. Banks - this is the last century.
Of course, banks would fear cryptocurrency because crypto are now being used by many, it is being popular in the social media. In fact the demand increases and more investors are coming. What about banks? Maybe, the depositors are now quietly moving to crypto to invest so that they can get a better profit in which bank cannot give.
Yes, banks fear cryptocurrency greatly. people now prefer to save money with bitcoin and other cryptocurrencies instead of keeping it in the bank. banks usually use money saved long term for business and give out a little percent during an agreed period. they fear if people continue to save money using bitcoin instead of banks, then it will affect them greatly...also if cryptocurrencies dominates the world then all banks will fold up
Jump to: