Topic: Do Banks fear cryptocurrency - page 24. (Read 17113 times)
What are the thing that bank fear about cryptocurrency? I am a newbie.
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!
Actually there is no need for banks to be afraid of cryptocurrency because even this type of currency rise up into popularity, there will be still a large number of the total population worldwide who are still into using cash rather than cryptos. Also, if time will come that many people will choose crypto over cash, banks can totally make an adaption into having a service in lined with cryptocurrency so that they will not loose any of their customers. 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!
Absolutely yes because bank knows that digital currency is decentralized unlike to them that centralized. Banks scared because their costumer will go to decentralized like bitcoin because in bitcoin even without bank you can save money and the transaction is good than to bank. But in reality we all need banks to save our fiat money. They called on people not to get involved. Should we be afraid or the banks are!
Banks are quite fear with bitcoin or any other cryptocurrency. In this generation whereas we are equipped by technology cryptocurrencies will be dominated as an online currency rather that traditional currencies that we have. But people are now beginning to see that you can make more money without having a bank.
i don't think so, because bank can take advantage from it, they can open their own bitcoin exchange if govt. Allow and implemented technology in banking system ( block chain technology). Blockchain will increase bank's efficiency and services, i don't think bank fear from crypto.
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.
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!
If I own a bank, I will be issuing the same warning. It is obvious because crypto currencies or digital currencies that we know of don't need banks, we can save them without their help. When you think of it, if bitcoin, for example become stable, they will be using it for sure, so the money that is entering the banks will stop because as I said, digital currencies can be saved without banks.
That is right. Banks are threatened because as you've said, Bitcoin doesn't need banks to keep it safe. Even ourselves can do that safekeeping. So if Bitcoin became legally the first digital asset that will be accepted by all government, then banks do not have a role anymore in our financial sector.
Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
I think banks should support of somehow be a part of the system of Bitcoin more rather than to be scared on the things it could gives on the system of transactions. If e would want to have development in terms of our monetary system we should also support the future and being a part of Bitcoin is a big step on moving forward.Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
in my country bank is not taking a part of bitcoin but it takes the part of the technology.
blockchain technology has been adopted by some bank in our country to make the system even better.
Another duck from the government, banks are very afraid of blocking technology, and therefore act aggressively.
Banks are not just made from a small group of people claiming that Bitcoin is going to be reviewed in their operation. Banks often have a high number of employee's, Bitcoin would have to be approved by mainly all of them.
Crypto currency is the main threat for banks in the whole world, but it seems to me that banks will most likely learn to use it for their own purposes.
I think banks has no fear in cryptocurrency because as far as I know, some banks are patronizing bitcoin.
They also have stocks in bitcoins for emergency purposes or to be in trend. Banks may be use this as their partner to control producing our traditional money.
Recently, some banks accepted and supported their user can investing into cryptocurrency directly. Example Liechtenstein Bank, they have decided to support cryptocurrency instead of ban it like other banks and government did.They also have stocks in bitcoins for emergency purposes or to be in trend. Banks may be use this as their partner to control producing our traditional money.
You can read more detail about this news here: https://www.coindesk.com/liechtenstein-bank-opens-up-cryptocurrency-investment-for-clients/
No bank will want that bitcoin use as official currency as in crypto we do not need any bank and if bitcoin gets official then who will go to bank and who will deposit and then how banks will earn?
Probably banks will be afraid because banks can generate income from transaction fees aside from lending interest. And if happens that bitcoin would spread all over the world and all of us used bitcoin the banks income will lessen also. Some of bitcoin transactions don't have fees or if have but smaller amount compared to local currency that's the thing they are afraid off.
I think banks has no fear in cryptocurrency because as far as I know, some banks are patronizing bitcoin.
They also have stocks in bitcoins for emergency purposes or to be in trend. Banks may be use this as their partner to control producing our traditional money.
They also have stocks in bitcoins for emergency purposes or to be in trend. Banks may be use this as their partner to control producing our traditional money.
Another duck from the government, banks are very afraid of blocking technology, and therefore act aggressively.
Banks has no fear in cryptocurrency
-snip-
LOL! Then why do you think all central bank through out the world are trying to ban bitcoin and other crypto currencies. Why are they trying to impose regulations and policies? Why do you think they want to take control over the crypto world? Why are they issuing warnings about bitcoin to the general people? All because they actually fear bitcoin. -snip-
The fear is everywhere and it is quite obvious. Banks have done what they usually do. Banks have no fear in cryptocurrency, they just want to be secured and not to be use by anomaly. We know banks are the central source of financial. I think they are doing good together.
Banks has no fear in cryptocurrency because they also avail some stocks on it. Cryptocurrency is one of the solution to control making paper money. By this, we will reduce having debt in the World Bank.
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 don't think so, some banks are even happier right now that cryptocurrency has already risen and I think it makes them more patronizable by people specially when they are converting their cryptocurrency into fiat. Maybe time will come wherein banks would be threatened by bitcoin due to its capability on replacing them as time passes by but for now, I think they are doing good together. They called on people not to get involved. Should we be afraid or the banks are!
Banks have no fear in cryptocurrency,they just want to be secured and not to be use by anomaly. We know banks are the central source of financial. In banks we made deposits and widrawals of or money and play also as financial assistance through lending. We use also banks to keep our savings and it is also one of the best exchanger of different currencies. In our country banks support for the bitcoiners because there are many people here made their additional income through bitcoin and most of the overseas workers send bitcoin and not out local money directly.
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