Topic: Do Banks fear cryptocurrency - page 36. (Read 17113 times)
They are certainly afraid of the growing popularity of cryptocurrencies. They're a threat to them because they earn less money. In addition, more and more people become independent from banks through cryptocurrencies.
The central bank's duty is to regulate and control the countries wealth and currency. What happens to the other option which people decides not to support. Think for yourself and you will know who is threat to whom.
Obviously some banks are afraid of cryptocurrency because it would force them to innovate.Cryptocurrency are the most famous example of an emerging technology network with the potential to improve banking. It belongs to the new type of financial animal which is decentralized, secure money storage and money transfer enabled by the Internet.
I don't agree with you, bitcoin can be integrated into the conventional banking system and people can keep using bitcoin through the banks. The problem here, banks are centralized and they don't want to take bitcoin into consideration.
Banks fear of cryptocurrency as a whole. And in specific they try to give the same kind of service as that of bitcoin, because they've found people in fond of bitcoin for various reasons that cannot be provided by the banking system. Banks were the one that serve to be the base, but at some point it lacks in service.
They could be afraid of cryptocurrency in a way that they see it as a threat to their business. Bitcoin is out of the control of the central banks. If more and more people get fond of cryptocurrencies, their profit may decrease. But actually, they can make a clever solution to discourage people from being fond of cryptocurrencies like putting very high transaction fees when trying to monetize bitcoin through 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!
Well, crypto currencies were created, in order to remove the intermediary (banks), the reaction of banks is understandable. But while bitcoin is not perfect, and completely can not replace the banking system. They called on people not to get involved. Should we be afraid or the banks are!
Banks fear of cryptocurrency as a whole. And in specific they try to give the same kind of service as that of bitcoin, because they've found people in fond of bitcoin for various reasons that cannot be provided by the banking system. Banks were the one that serve to be the base, but at some point it lacks in service.
Of course banks fear the possibility of people getting involved with cryptocurrencies.I think commercial banks could do fine in this environment, as long as they are adaptive enough to offer cryptocurrency services.
I think that we now have answer to the question - Do banks fear crypto currency. With all the measures undertaken by banks and governments, and with negative campaign in press, it is obvious that they do.
It's very obvious banks are scared and will find ways to kill any currencies with decentralized system. Business as always. They want to control everything for the glory of their profit.
Obviously some banks are afraid of cryptocurrency because it would force them to innovate.Cryptocurrency are the most famous example of an emerging technology network with the potential to improve banking. It belongs to the new type of financial animal which is decentralized, secure money storage and money transfer enabled by the Internet.
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!
It could be. Cryptocurrency vould extinct bank in the future because the nature of of it no need for fiat. Bank should collaborate with the cryptocurrency so that both could benefit. Perhaps there are areas of both cryptocurrency and the fiat need to reconcile so that everyone will be happy including the traders.
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!
This is ironic, but apparently banks are creating FUD's to the people so they can take the opportunity to buy more btc. Take a look at the event from JP morgans CEO. Creating FUD to enter and gain an opportunity. They called on people not to get involved. Should we be afraid or the banks are!
many banks fear cryptocurrency, because cryptocurrency can kill banks,
because many people will invest in the different kinds of cryptocurrency and the people will withdraw their investments in the bank and invest it in cryptocurrency for they to earn a lot of money.
because many people will invest in the different kinds of cryptocurrency and the people will withdraw their investments in the bank and invest it in cryptocurrency for they to earn a lot of money.
many banks fear cryptocurrency, because cryptocurrency can kill banks, because many people will invest in the different kinds of cryptocurrency and the people will withdraw their investments in the bank and invest it in cryptocurrency for they to earn a lot of money and gain more profit everyday than investing in bank, cryptocurrency interest is higher than the bank interest.
Well, Cryptocurrencies are known as “people currency”, so there aren’t determinate by any institution. Of course, it has generated skepticism and some attacks from banks owners, as Jamie Dimon, from J.P. Morgan Chase &Co. who claims that digital currency is a “fraud” and a “tulip bulb”.
Even when banks can’t see this way right now, some experts consider that Bitcoin is going to be a “stabilizing rather than destabilizing factor for the financial system (…), allowing money to reach those who need it” - Apostolos Pittas, adjunct professor of economics, in forbes.com.
Well, the posture of the banks are eclectic right now, there are event entities which are trying to develop its own crypto, and others which already are trading with cryptos. But yet the global position seems to be skeptic. My opinion? BTC is going to be, someday, used by banks. They are not going to lose the opportunity of becoming reacher, don’t you think?
Even when banks can’t see this way right now, some experts consider that Bitcoin is going to be a “stabilizing rather than destabilizing factor for the financial system (…), allowing money to reach those who need it” - Apostolos Pittas, adjunct professor of economics, in forbes.com.
Well, the posture of the banks are eclectic right now, there are event entities which are trying to develop its own crypto, and others which already are trading with cryptos. But yet the global position seems to be skeptic. My opinion? BTC is going to be, someday, used by banks. They are not going to lose the opportunity of becoming reacher, don’t you think?
The bank has an unknown fear. Every bank in the world makes a profit with money centered. This paper money is profitable for every bank and decentralized crypto presents great rewards for them. They are afraid of their own future and they are trying to divert their citizens from the online market because the losses caused by their banks are causing more and more people to turn to their money savings online.
I don’t think banks feat Bitcoin since they try to develop their own solutions with functionality similar with bitcoin. Especially banks got interested in the blockchain technology and a distributed ledger concept that lie in the heart of bitcoin.
I think they do because if cryptocurrency get used by a lot of people then there are no banks needed because they can save all their money on online wallets. And there are no banks that allow bitcoin. So that means that banks will go bankrupt.
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 believe banks fear cryptocurrencies. banks are already an established institution. They are complacent that cryptocurrencies are only a technology in infancy stages that need to be regulated by the government. We also not to be afraid because cryptocurrencies will also be part of our future. Cryptocurrencies and banking need to work side by side so that it will be beneficial to us people and the economy of one's country.
Hi friend! what happens is that banks want to benefit from BTC but can not, and since many people opt for BTC, banks have a decrease in their profits.
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