In my own point of view, yes. The commercial banks here in the whole world are threatened in the success which the companu of bitcoin have;
becuase they can be replaced in the industry in future if they do nothing about it.
Topic: Do Banks fear cryptocurrency - page 21. (Read 17113 times)
Banks are shaking from the hate, because crypto is expanding on their territory, and is strong where they are weak.
Banks will scaremonger until they adopt the blockchain themselves.
Banks will scaremonger until they adopt the blockchain themselves.
Big Banks want to destroy Bitcoin before it destroys them.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big banks.
Bitcoin, the “people’s currency,” has the potential to become a new currency, free of the control of big governments and big 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, yes, as we all know bitcoin has all the potential of replacing banks since it makes life more convenient leading to the attraction of more people on it. Maybe somewhere in the future, it would dominate banks making it to the top and being more popular than ever. For now, bitcoin and banks has something to do with each other that's why they are in good terms and they benefit on each other. They called on people not to get involved. Should we be afraid or the banks are!
I think yes. Because Bitcoin is their direct competition. More people use or invest in Bitcoins less money banks can make on fees.
I think not because they have their own market, unless the lifestyle of everyone has moved to Digital Everything And want all the simple things, the banks have to start wary
Yes, banks are afraid, as interest in crypto-currencies increases and their services can be used less often, and they come up with not always truthful information about crypto-currencies. They are afraid because they can not control it.
I think even banks will say that crypto doesn’t have a stable price and have a lot of risks to use. Banks are still going to be afraid to cryptocurrency because it is not good if people patronized crypto Banks will lose their business, they would not get profit because they will not get huge investment coming in, And they won’t get any transaction fees from customers.
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!
Right now, banks are afraid of this concept because of certain things. First, this how somewhat ruined the concept of banking itself. Instead of us saving our money on bnks, we can just keep it online. But eventually they would find a way to make their when into this. And also, since its new, they still dont have enough security to protect money and investments online. But surelyy they will
Banks shouldn't be afraid of Crypto... those who are afraid and will try to resist would be big time losers. I think they should embrace the technology.... every decision should be based on what is best for the Clients and public instead of what is best for themselves.
But as per average in any market 70-80% players are conservatives and do not want change... 10-20% will go for the change and 5% will be rebellious....
Let see how the future unfolds itself......
But as per average in any market 70-80% players are conservatives and do not want change... 10-20% will go for the change and 5% will be rebellious....
Let see how the future unfolds itself......
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 really afraid of crypto-currencies because it takes from bank employees their clients and profits. However, it is wrong to argue that the crypto currency will destroy banks. Banks will always be needed by the state to implement plans to develop the country's economy. In addition, the main work of banks - monetary policy will always be needed by any society. Therefore, banks will always exist and in any case they will have to coexist peacefully with the crypto currency.
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 it is very obvious that Central banks are being threatened by the different cryptocurrencies. Why? Because cryptocurrency is the modern place to invest, store, hold our money. We trade here similar to how we trade dollars and fiat. These activities are very similar to some functions of the bank. These currency is what the bank do not get control over. So they get intimidated or fear that one day this will become so big and suddenly is now their lefit competitor.
Banks are not afraid of crypto currency, they are afraid of not controlling the winning cryptocurrency. It is no problem for multimillion company to create a blockchain.
I think banks do not fear cryptocurrency because until now not all people are know cryptocurrency and until now not all people are supporting cryptocurrency so the banks should not worried and for me even in the future banks is we will remain in this worls and cryptocurrency is we will be more stronger.
The banks might be afraid that cryptocurrency and blockchain overpowers them. There is an increasing rate of users using blockchain technology because it is easy and simple to transact without worrying. I think they fear cryptocurrency because they do not have a control over it.
I think at this stage banks and other financial institution are more aware than being afraid, and i dont see any reason they should, cause people behind banks are not emotional their are objective, we can say that their just reminding their clients that entering in cryptocurrency right now are risky..we cannot blame them cause lets face the fact that cryptocurrency are still on development stage and theres a lot of gaps need to be field before it can be fully utilized.
For a bank to work it needs the general population to continue utilizing their keeping money benefits however with computerized monetary forms getting to be prevalent and individuals pooing to utilize these in lean toward over fiat, the banks are missing out and they should act quick and perceive how they can benefit from utilizing the blockchain innovation or they will be out of business...I figure banks fear digital forms of money all things considered.
Banks already experience that they are taking a piece of the pie! The crypto world has become interesting and if today the coin falls then tomorrow it will grow and here the risk is minimal if properly invested initially! and banks work with traditional business, and it's not so profitable!
Well I understand where that fear is coming from, they are protecting their businesses and their own currency of course. If people would use Bitcoin rather than banks, they may lose some clients or less money will go to their banks. Anyways I also think that Bitcoin can never replace fiat money so I think with proper talks and some clarifications on how Bitcoin works, these banks and cryptos can co exists or even work as a team to ensure that the people's lives and the country's economy will be better
The performance of bitcoin and marketcap that has reached more than $ 200 billion of course makes banks feel threatened, they fear that if bitcoin continues to grow, the financial system will soon make bitcoin as an option.
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