Topic: Do Banks fear cryptocurrency - page 2. (Read 17113 times)
cryptocurrency has great potential in the world of money exchange. cryptocurrency there are still some countries that do not admit it. but these countries feel threatened by the development of cryptocurrency in the exchange of currencies. what they are worried about is if bitcoin becomes the world currency standard. because until now, bitcoin is still far superior to the dollar. and this threatens the dollar that has been the standard currency of the world.
Banks are not afraid of Cryptocurrency, they are just trying to keep their country's currency. Instead of Cryptocurrancy currency to make the bank disappear, they will work together to achieve one goal. Currently the bank plans to integrate with cryptocurrency and provide services. Such access can be found in the bank in the coming year and there is no fear of growth.
I do not think that the banks fear Bitcoin or cryptos too much. That is because Bitcoin or cryptos and banks are completely two different things. Maybe, right now, nowadays, Bitcoin become so popular but the banks still do not care too much. But, if the Bitcoin start to be popular around the world, and take over the economic world, that is the time when banks will scare. Why ? That is because if we or people around the world use Bitcoin and cryptos instead of our regular money in the banks, we will not have to use banks anymore. 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!
Yes many banks afraid because transaction did not pass to banks and this affect their income.
I think it's true banks are afraid of cryptocurrency, because cryptocurrency has taken their source of income. many investors are more interested in bitcoin than bank products. they consider bitcoin as a ponzi scheme that gives a big advantage at first joining.
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 they fear the growing of the crypto curriencies cause it can work double time through internet technology rather than bank, though their both work through the help of men..Nowaday many people are investing to crypto and a big negativity to banks and being threatened by its high potencials in the market..
Banks are not afraid of Cryptocurrency, they are just trying to keep their country's currency. Instead of Cryptocurrancy currency to make the bank disappear, they will work together to achieve one goal. Currently the bank plans to integrate with cryptocurrency and provide services. Such access can be found in the bank in the coming year and there is no fear of growth.
It is not that they fear cryptos I think they are threatened by its very existence, why? we all know that these digital currencies do not need banks, so it has a huge negative impact on their business. They are protecting their business, their clients and their purpose. You know if you face something that cam make your purpose and existence not needed anymore, it is natural to feel threatened and be defensive about it. I think that's what banks are feeling right now.
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!
There are banks that fears bitcoins and the cryptocurrency because the people much preferred to invest their money in bitcoins and other cryptos aside from their bank so in that thing their banks will not have profits so their will be bankrupt. But other banks take that opportunity to have a partnerships in bitcoins because they know that the price of the bitcoins rises so they have like a little commission in that thing and some banks accepts bitcoins in exchange into money and i know that bank in our country.
In my opinion, they will fear in the popularity of the cryptocurrency because cryptocurrency are their most competitor and crypto has more benefits than banking. People are now beginning to see that you can make more money without having a bank.
With the Blokchain application, you can transfer money anywhere in the world at any time you want. Could it be more comfortable than that?
It is very cheap to make the transfer at the same time.
The banks do not like the crypto exchange for their own interests.
It is very cheap to make the transfer at the same time.
The banks do not like the crypto exchange for their own interests.
I think that this is an exaggeration. And this is not actual information. According to the latest information - several of the most famous cryptocurrency exchanges were purchased by the banking cartel.
The banks are definitely afraid of crptocurrencies especially bitcoins, The people have seen their dubious and greedy ways and are rather investing into cryptos, they are even gaining huge profits by buying and hoarding, profits that not even banks have ever given them in their entire lives.
indeed the nature of cryptocurency from the beginning is like that, there is nothing we need to worry about, it's our rights and risks when plunging into the world of crypto
Because bitcoin can lead to the fact that banks will not be needed at all. Therefore, they are so opposed to accepting bitcoin.
Crypto-currency introduces too much new and this is new, because of its virtual electronic nature, and it is also not obvious. Of course, financial relations do not like novelty. Therefore, banks do not trust the new phenomenon in financial mutual settlements, which, moreover, is partly just to be taken for granted because of the lack of certain functionality of the cryptovplut. In addition, kriptovpljuta completely changes the idea of money, which is also very poorly controlled by banks and the government.
Great importance in why banks are afraid of crypto currency is that people have increasingly started leaving services in banks and using crypto currency. Banks because of this lose a significant part of their profits.
Great importance in why banks are afraid of crypto currency is that people have increasingly started leaving services in banks and using crypto currency. Banks because of this lose a significant part of their profits.
I think that banks are not scared cryptocurrency because banks are invented many yeras ago and cryptocurrency invented few years ago.so many people can not invest cryptocurrency cz at first they are not trust it.they are invest their money in banks and banks have done what they do.they warn customers.
Of course they are that is why they own Ripple. Banks are useless for the low/middle class of society. In many countries it's very hard to get credit unless you got some serious connections. Interest rate is very low, you can save your money in the bank for 5years and what will you get,maybe 50$. You can make that money in 1 hour on crypto if you are willing to put your time and focus on trading.
Of course, banks do not welcome cryptocurrency, because it can make serious adjustments to their usual work. And they don't like it.
Some people try to prove that bitcoin can substitute banks and financial institutions and allow people to manage their own money with no intermediary. bitcoin allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank. this is probably why bankers afraid of Bitcoin’s impact
Banks fear in cryptocurrency because they saw its potential because of technology. Some banks are trying to replicate blockchain's technology because they know that it is powerful. People may not recognize cryptocurrencies as of today because of their unawareness to it.
Jump to: