Topic: Do Banks fear cryptocurrency - page 28. (Read 17113 times)
same here in Philippines , BDO issued a statement or something protocol making a subject for closure if one of their clients have deposit money using bitcoin.. if the person holder of atm card tracked that they have anything regarding bitcoins they need to close the account, hehehehe banks are fear with bitcoin and they know that bitcoin can lower their capital and income continue earning
Yes, banks to some extent hate the crypto currency, they are worried that they do not receive any interest from the transaction. When in the real world for any transaction, banks take a percentage
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 Banks are worried about the impact of bitcoin on it. When people invest their money in bitcoins, there will be less and less money going into Banks. So Banks have been opposed to bitcoin.They called on people not to get involved. Should we be afraid or the banks are!
I'm sure they fear crypto, or just ignorant. But they have the funds to get in to crypto and benefit from it.
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 Banks are worried about the impact of bitcoin on it. When people invest their money in bitcoins, there will be less and less money going into Banks. So Banks have been opposed to bitcoin. They called on people not to get involved. Should we be afraid or the banks are!
When someone is dragging 900 billion dollars from your account to conver them to cryptos, imagine the nightmare. In the next few years the banks are going to be ruined!
And if not, the banks will go through major changes.
And if not, the banks will go through major changes.
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!
Yes, Banks are worried that the development of bitcoin will affect Banks' funding sources too quickly. When people invest in bitcoins, they have no source of capital. They called on people not to get involved. Should we be afraid or the banks are!
Maybe some other may fear about bitcoins because they think it can make damage to their economy, but not all banks have feared with bitcoins because they slowly adopt or allign with bitcoin transactions.
Banks are afraid of BTC and this is very predictable. With the emergence and development of BTC, the revenues that banks received in the form of commissions for the transfer of money were significantly reduced. And in the future, the need for banks will disappear altogether. Therefore, banks will resist the BTC to the last.
Banks fear for cryptocurrency because they are afraid for the very low prices and there money cannot be negotiate.They cannot make it as a trading for their investors.They cannot also control the money on how to work with it.
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!
To be fair they should not warn only about nature of cryptocurrency. Even in banks there are scams happening. Like what we saw in the news. There are many recorded transaction made like unexplainable withdrawal but the holder doesnt know about it. Yes bank will be alarm because many people will choose which is more safe when both are not secure. But if banks would have partnership to bitcoin would be a good idea. They called on people not to get involved. Should we be afraid or the banks are!
Not only banks but also government fears crypto currency. Banks fear bitcoin, because they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it, purely because the technology is so powerful and out-does all banks by people preference by far. The only reason bitcoin has not taken over yet, is because of the peoples unawareness of it.
I think so because people who got bitcoins won't make a loan by banks ,they rather used money from the bitcoins to buy stuff.
Yes, I believe the banks are beginning to realise just how big a risk crypto poses to their entire industry. And you can see that in the way they have begun to really attack the industry, however it will not make a difference in the end
I think so because people who got bitcoins won't make a loan by banks ,they rather used money from the bitcoins to buy stuff.
Yes, I believe the banks are beginning to realise just how big a risk crypto poses to their entire industry. And you can see that in the way they have begun to really attack the industry, however it will not make a difference in the end
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!
It is happening in my Country too. Maybe the bank afraid of the easily, efficiency, and low fee when we are doing transaction with cryptocurrency. Also the cryptocurrency is accepted in many Country in the world, so we don't need to go to Exchanger to change our Money from Yen to Dollar for example. They called on people not to get involved. Should we be afraid or the banks are!
I think so because people who got bitcoins won't make a loan by banks ,they rather used money from the bitcoins to buy stuff.
Personal since Banks do not have control on Bitcoin, I will never fear. The worse thing government can do is not to accept it in payment in some countries only
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.
Of course, the banks are afraid of cryptocurrency and there is nothing new on that. It is the fact government only allows users to import or export something from their country but they charge tax. As we know already Bitcoin does not have any income tax or any sort of tax excluding the transaction fees so the government did not get any profit from Bitcoin and it is sucking up the countries budget or total profit (because many people are touching their businesses over the Bitcoin system). They are going to ban this cryptocurrency from the country or they are going to implement some kind of taxation on it.
Hello! Of course banks are afraid of crypto currency! They do not know what to expect from it. Bitcoin does not belong to anyone and can not be controlled. Banks are afraid that the crypt will replace them.
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