For a bank to operate it needs the people to keep using their banking services but with digital currencies becoming popular and people shitting to use these in prefer over fiat, the banks are losing out and they will have to act fast and see how they can profit from using the blockchain technology or they will be out of business...I guess banks are afraid of cryptocurrencies after all.
Topic: Do Banks fear cryptocurrency - page 3. (Read 17113 times)
They should fear cryptocurrency because they can be eliminated to the business industry once cryptocurrencies are being accepted worldwide. They may not be needed by many. The evolution of money can happen after 5 - 10 years and banks are now thinking their best strategy to cope up with this big changes that will happen in the history of the world.
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!
Its central bank responsibility to issue warnings in best interest of public interest to keep them safe from financial frauds and scam type scheme. We see lots of ICO scam every now and then, so central banks are not wrong in issuing warnings against these risky investments.
On the other side, yes central banks are scared of BTC, as it will bring transparency and will decentralize the monetary control, which is not acceptable to central 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!
They called on people not to get involved. Should we be afraid or the banks are!
The banks talking crap about crypto are the ones that are refusing to adapt and evolve with the new financial order. They think that as long as they rail against investing in crypto, they can stall mass adoption until they find a way to control it. What they should be doing is using their massive capital to push the technology forward and find new ways to benefit from it. It's almost like saying online retailers should be scared of ICOs like nucleus.vision just because they're looking to drive offline retail, when instead the ecosystem they're trying to build will need to incorporate an amalgamation of offline and online.
Yes banks are worried with the increasing popularity of bitcoins. They are thus spreading negative news about crypto in media.
Ofcourse yes as it crypto can replace banks....
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.
Yes they do that's why they are panicking a lot and they are working with the government to bring the cryptocurrency to a fall which is quiet impossible to achieved.
I think yes , banks fear cryptocurrency because people can do they own transfers and can check their amount in their wallets and don't need no more the banks services , only to get the money off from their cards.
And you would be afraid if the threat to your business appears? And such which can liquidate your work absolutely
Banks do fear cryotocurrency and any other thing they can't control. Cryptocurrency is something you control at the comfort of your home and you don't need to visit the bank and banks know if cryptocurrency takes over the world,bank jobs will be lost.
yeah there still a lot of news that bank fear with crypto
because it can crush bankers to getting profit with customer and getting profit from people who want to transfer to another banks
it really can crush fiat banks, if crypto are being popular with people
because it can crush bankers to getting profit with customer and getting profit from people who want to transfer to another banks
it really can crush fiat banks, if crypto are being popular with people
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!
Its kind of paranoid for banks to be afraid of cryptocurrency. Banks are more socially accepted than cryptocurrency so I don't see why there's a fear. Bitcoin and other cryptocurrencies are there to offer options. May be they are competition but then the time of monopoly is done. Bitcoin is a really good and reliable system that is not just for paying but also for investment and trading.
while banks fear bitcoin, but soon they will take this currency into their lives! the world is changing and they need to understand that further without bitcoin and the whole crypto market, move no where! already now many banks open their doors to bitcoin!
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 don't think banks and cryptocurrency should compete againts each other. People should unite both parties so that we could maximize their potential and open more opportunities. Banks should fear nothing because cryptocurrency's only aim is to help everyone and not ruin any other industry in the economy.
Banks should not be afraid of cryptocurrency because people are already familiar using banks in their transactions so no worries for bank owners ,banks had already stablish their position in the market.
One will never replace the other, it's impossible
What should banks afraid of?
What should banks afraid of?
I don't think that cryptocurrency can prevent banks from working....why would they be afraid of it?
I think banks do not want to keep crypto like bitcoins, to have a safe wallet. We do not want flowers for them because their value is increasing rapidly. And when we talk about many ICO companies raise funds. via ICO for their project.
Yes, they have this fear. More and more people do not trust banks that take extra money for withdrawals and take commissions for most of bank operations. Banks are scared that those who own bitcoins will stop using their services and they will get a great crash.
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