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Topic: Do Banks fear cryptocurrency - page 33. (Read 17113 times)

newbie
Activity: 103
Merit: 0
February 03, 2018, 03:47:03 AM
So many inventions weren't stifled because it was going to get rid of current jobs or someone rich was going to lose their income. If too much of that happens, they lose monetary control and it all goes downhill for governments who can't control their own citizens.
newbie
Activity: 152
Merit: 0
February 03, 2018, 03:45:39 AM
As a country they are very closed, I believe there is a lot of extremist and terrorists in Albania, and I don't give 2 cents for what their Central Bank is saying, just a bunch of stupidity to keep their own people in the dark, they are doing that for decades and they are still doing that.If they feel that they are threatened then you will just be surprised if the banks are already accepting cryptocurrency or they have their own cryptocurrency. Even last year in texas major bank owners have conducted  meetings as to introduce, adopt and integrate blockchain into their system.
newbie
Activity: 182
Merit: 0
February 03, 2018, 03:42:29 AM
To an extent, i think most banks are scared of the unknown! They feel its a threat to their services. crumbling the banking system or something similar.

Only if they knew its just another efficient  way of banking without stress.
full member
Activity: 266
Merit: 100
February 03, 2018, 03:38:40 AM
It's a bit fearful because a lot of transactions take place through banking, it is a bit risky as people now invest income on hand not in banks but in bitcoins.
newbie
Activity: 11
Merit: 0
February 03, 2018, 03:38:32 AM
Of course they are afraid a lot. If cryptocurrencies become the main payment method then banks will useless for their opinion.

If we all people act like bitcoin is our payment method and do not care governments, speculations, banks they should accept it soon or late.
member
Activity: 189
Merit: 11
February 03, 2018, 03:34:42 AM
Banks must follow new technology.
Many of them are installing new technologies to satisfy clients and create new ways to profit.
Cryptocurrencies do not avoid Fiat but help make new utilities to make payments easier.
Banks may have problems with the decentralization and personal data of their customers.
The proliferation of digital money is undesirable for banks, given their current problems that they face in recent times. This, in turn, is the low demand for loans, decrease of profit due to the reduction in interest rates and the fading of hopes for deregulation.
The negative attitude of banks towards bitcoin is gradually starting to emerge in the open.
newbie
Activity: 104
Merit: 0
February 03, 2018, 03:17:12 AM
Banks must follow new technology.
Many of them are installing new technologies to satisfy clients and create new ways to profit.
Cryptocurrencies do not avoid Fiat but help make new utilities to make payments easier.
Banks may have problems with the decentralization and personal data of their customers.
member
Activity: 85
Merit: 10
Machine Learning & AI - Trustless Ledger System
February 02, 2018, 01:04:35 PM
Yes, the banks are fear because of the achievements that the company of bitcoin receive in there company.
Bitcoin is the most leading electronic coin which lots of demands and supporters they have; therefore they can replace in future in this world.

They definitely fear about crypto currencies. The main reason of today's drop seemed like India'a ban speculations but we all know that actual reason was the war between central banks and crypto whales.
sr. member
Activity: 524
Merit: 258
February 02, 2018, 12:46:33 PM
Yes, the banks are fear because of the achievements that the company of bitcoin receive in there company.
Bitcoin is the most leading electronic coin which lots of demands and supporters they have; therefore they can replace in future in this world.
member
Activity: 126
Merit: 14
January 31, 2018, 11:26:42 PM
With the development of bitcoin, banks really have to worry about encrypting money because there is a lot of money to circulate through the bank, which may disrupt banking.
sr. member
Activity: 518
Merit: 250
January 31, 2018, 12:18:55 PM
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!

Of course they are afraid. Why do you think they warn you not to get involved? Because they care about you not to lose money?  Grin Grin Grin
Come on Cheesy They don't give a shit about you, only about your money, they warn you because they are afraid that they will earn less from your service fees when you use crypto!
full member
Activity: 2142
Merit: 183
January 31, 2018, 12:12:25 PM
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!

There is a difference between banks and central banks. Central banks control monetary policy, which can be rendered ineffective if enough people start using cryptocurrencies. Hence central banks issue these periodic warnings.
However, ordinary banks are still afraid of the introduction of crypto currency. This will mean that many citizens will not apply to banks on various issues, including they will not deposit their savings for deposit storage and from this, banks will lose their profits. Therefore, the leaders of banks as a whole are hostile to the crypto currency and at every opportunity they try to discredit it.
newbie
Activity: 54
Merit: 0
January 31, 2018, 11:53:17 AM
I'm a bit scared but I do not think the banks are more effective, but they can be real.
copper member
Activity: 1050
Merit: 0
January 31, 2018, 11:50:03 AM
It's a obvious thing that Banks fear cryptocurrency as they are rival of Banks. Cryptocurrency may take over the place of banks in this world. There are many features that separates and make cryptocurrencies unique. Of course banks won't want to loose their position and vanish for good. They are trying to make people understand that crypto is totally scam and fraud.   
sr. member
Activity: 463
Merit: 250
January 31, 2018, 11:34:47 AM
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!
Of course the bank is afraid of the development of cryptocurency which is getting bigger day. We can see bitcoins that can be used as assets with management that are fully controlled by every bitcoin holder, this makes the fears of banks who are afraid of their customers move from their system that set the deposit program to switch to bitcoin.
Actually if cryptocurrency does not exist, I am sure the people still do not trust the banking system today. I do not know what happened in other rich countries, but in my country, although it is still a develop country (or it means my country is poor), NO ONE put all money into bank for saving, almost the people will choose asset as gold or real estate for long time saving.
jr. member
Activity: 182
Merit: 4
January 27, 2018, 05:04:01 PM
some banks have added digital system of marketing and payment to their banking systems. But these same banks are weary of adding the cryptocurrency and blockchain technology to revamp their system. In short it is clear that the banks only fear decentralization.
full member
Activity: 168
Merit: 100
January 27, 2018, 04:55:25 PM
They are scared because its gonna cost them their jobs.
newbie
Activity: 44
Merit: 0
January 27, 2018, 04:52:18 PM
Yes, banks fear of cryptocurrencies because of its decentralized and have a major impact financially and soon all around the world cryptocurrencies will overcome the bank and accepted as payment methods in all transactions.
jr. member
Activity: 32
Merit: 1
January 27, 2018, 04:48:52 PM
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!

The banks is evil of the world. The will try to keep everything in their hands untill the end
full member
Activity: 378
Merit: 102
January 27, 2018, 04:31:41 PM
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!
Of course the bank is afraid of the development of cryptocurency which is getting bigger day. We can see bitcoins that can be used as assets with management that are fully controlled by every bitcoin holder, this makes the fears of banks who are afraid of their customers move from their system that set the deposit program to switch to bitcoin.
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