Topic: Do Banks fear cryptocurrency - page 19. (Read 17113 times)
i think bank will welcome crypto if they really know it, we see bank fear may due to people fear new things that are unknown to them, bank maybe the first to use blockchain to promote their developments
No, they doesn't afraid in the power of cryptocurrency because they believe it will brings an advantages to them. Cryptocurrency is just an option for us if we want to have more income.
I believe many people will still go on to our traditional money.
- Of course not, cryptocurrency still not strong enough to threaten banks, even it needs the support of the bank to help it become more popular and easier search for investors, cryptocurrency is afraid of banks rather than banks afraid of it. If the bank wants, all cryptocurrency exchanges will become more difficult, but now they feel cryptocurrency are beneficial for them, so they are very comfortable with it, people in countries still trust banks, cryptocurrency is only a place to invest and make money, they will never trust in sending money I believe many people will still go on to our traditional money.
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!
Today many central banks in several countries banning circulation of bitcoin. It happened because bitcoin and other cryptocurrency will reduce their function as intermediaries in transaction. Bitcoin offers a limited supply and also offers low transfer fees. Additionally, no one institution can control price and bitcoin supply
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!
There are many experts said that the cryptocurrencies can threaten the banks. I think that banks are also afraid to the cryptocurrency and I think it is the reason why some banks are still not accepting bitcoin as medium of exchange. They called on people not to get involved. Should we be afraid or the banks are!
Yes, but... Central bank represents government and some governments have a fear that they will lose control because of crypto.
Ordinary bank has fear too because crypto is messing with their income.
Ordinary bank has fear too because crypto is messing with their income.
well, that, banks can be understood. they want to make money. but we are here with its crypto currency, we are taking profit directly from under the nose. this is not going to please anyone
Its inevitable. Same thing happens everywhere. The governments that seem to accept it do so because it has not really become a threat (or they have not woken to to the reality) to them. How about if they look at how they will integrate cryptocurrency to make the current financial systems better, like adopting Ripple for instance?
https://www.express.co.uk/finance/city/931467/Bitcoin-price-barclays-ripple-cryptocurrency-exchange-ethereum-BTC-to-USD-XRP-news
8.56am - UPDATE - Barclays links with CoinBase
Barclays has signed a deal with a major bitcoin exchange to simplify the process of deposits and withdrawals for Coinbase’s UK customers, who have previously had to route their transactions through an Estonian bank.
The Financial Times report that San Francisco start-up Coinbase has secured a bank account with the British bank.
The move marks a break from the general trend of mainstream banks avoiding the cryptocurrency industry over price volatility and links to fraud.
8.56am - UPDATE - Barclays links with CoinBase
Barclays has signed a deal with a major bitcoin exchange to simplify the process of deposits and withdrawals for Coinbase’s UK customers, who have previously had to route their transactions through an Estonian bank.
The Financial Times report that San Francisco start-up Coinbase has secured a bank account with the British bank.
The move marks a break from the general trend of mainstream banks avoiding the cryptocurrency industry over price volatility and links to fraud.
Banks are doing everything they can to prevent cyberattacks from developing because it will make the bank ineffective and affect the interests of the banking industry, which will be a long battle.
Of course banks trying to persuade people not to invest in cryptocurrencies, cause they cannot control it at the moment and they end up losing money. After sometime, when banks will become crypto-friendly, I believe their opinion will change. 
I'm pretty sure they do. It's the direct competition to what they do. It's similar to crude oil companies, they're fearing the future of electric vehicles but it's coming, nothing to do about it
I think we all fear competitors who can take all our business and money in few years, so banks trying to fight crypto or they will lose badly.
If I started investing in your place, I would not check in profits monthly, ori invested the amount with a profit.
I think its true banks fear cryptocurrency. And the reason is, crypto offers better return from their every single investment. And these crypto are offered a simple and easy transaction of money to individuals and we can use this in most of the shopping fields.
No, they doesn't afraid in the power of cryptocurrency because they believe it will brings an advantages to them. Cryptocurrency is just an option for us if we want to have more income.
I believe many people will still go on to our traditional money.
I believe many people will still go on to our traditional money.
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 think yes but not totally because they are also backing their own crypto currency in this emerging industry of blockchain that is totally better than bank system but bitcoin cannot kill banks that easily because all business is using banks as storage of their business money for safety but bitcoin is much better because the capital appreciation is really higher than bank interests
Banks do not fear cryptocurrency. Most likely they do support cryptocurrency because they can also use it as an alternative way of getting investment in their banks. Without a bank how can digital cryptocurrency become real cash . So they are both even and there is nothing to fear of such things. They both need each other and they are also related as other currency here all around the world.
Cryptocurrency is a very useful thing now. Most of the people are joining with this and getting so much benefits from this system. People who doesn’t let fall their money and want to increase the amount of their money invests into ccryptocurrency and developing their economic position.
For this reason some people doesn’t put their money into bank but this is not harming on bank because we can not do all work by cryptocurrency. We have to go to the bank to do our everyday needing. The main thing is cryptocurrency is limited so that all people can not use cryptocurrency and they does all their work by bank. I think this is not harmful to bank so that they doesn’t need to fear about it.
For this reason some people doesn’t put their money into bank but this is not harming on bank because we can not do all work by cryptocurrency. We have to go to the bank to do our everyday needing. The main thing is cryptocurrency is limited so that all people can not use cryptocurrency and they does all their work by bank. I think this is not harmful to bank so that they doesn’t need to fear about it.
Absolutely! The whole point of bitcoin is that it's on a decentralized system so there are no third parties involved. AKA no banks are needed for the completion of transactions, and that's what can put them out of business.
Banks fear of cryptocurrency as a whole. And in specific they try to give the same kind of service as that of bitcoin, because they've found people in fond of bitcoin for various reasons that cannot be provided by the banking system. Banks were the one that serve to be the base, but at some point it lacks in service.
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