Topic: Do Banks fear cryptocurrency - page 44. (Read 17113 times)
Banks will adopt bitcoin and will use it for their own purposes, so the change in beginning can be seen as a fear but within time it will be stabilized and adopted, so I don`t think they fear .
Banks don't admit it, but they are very much afraid that Cryptos will take away their business.
The banks keeps warning its people about questionable attributes of cryptocurrency and this is a sign of fear on thier part. Banks are afraid to lose its client that is the very reason why they warn people about BTC.
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!
for now, we do not have to worry, I think Banks is actually worried about the development of CryptoCurrency, they are afraid, their efforts die defeated by the Development of CryptoCurrency ...They called on people not to get involved. Should we be afraid or the banks are!
Bitcoins are an opposition to the monetary system. It is widely known that Bitcoin is spreading. That's why the banks might be afraid of Bitcoin. The individuals are able to execute their transactions by themselves. There is no need for the central institution to give a guarantee about a security of their funds.
It is more convenient, isn't it?
It is more convenient, isn't 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!
for now, we do not have to worry, I think Banks is actually worried about the development of CryptoCurrency, they are afraid, their efforts die defeated by the Development of CryptoCurrency ... They called on people not to get involved. Should we be afraid or the banks are!
Yes! Yes of course its normal because bitcoin or cryptocurrency in general are not under total control today's! So I think smart bankers need take theirs part and manly accept it. For now crypto cannot kill banks so they need see good transformation and just accept it.
I guess, they are afraid of bitcoin because some af the investors prefer to invest in btc than staying with their investment in banks. Btc can give more income than interest in banks.
The banks fear cryptocurrency due to the amount of costumers they lose to these new technology. It would be interesting to see the transition people make from traditional banking to digital currency. The bad part is that it is still to hard to get around these technologies, and if you are a older person it might beat you 
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Hello all! You know only coward can fear the some natural modification in society and banking atmosphere and all ecosystem in general. How says in one proverb "If you can't win it, lead it. " or another one "If you can't win - become a leader ". Its mean that if bank cannot stop it then to lead (to drive and control this process) it can be wise and perceptive decision.
I dont think so. They dont have good reasons to be afraid of cryptocurrencies. Banks can create their own currencies i think. This will make blockchain technology more investable.
They should be fearing from bitcoin and other coins, but they will take precautions against this. They will probably create their own coins in the future to get rid of other coins in their systems.
Some banks fear cryptocurrencies because it will wrinkle the financial sector. It will create new winners and losers, and will probably decentralize banking services. It would somewhat develop micro markets. Intermediaries will come and go, and the endpoints of exchange nodes will become more critical. This scenario is frightening for most banks.
i think the banks are afraid of cryptocurrencies because if there is a moderate stability of cryptocurrencies a lot of people would rather invest their money in cryptocurrencies rather than keeping it in the banks
Banks have their owns area of operations and don't do much exploration of technologies outside their scope, so its not necessarily that they're scared they just don't understand it.
They will in time though, once the digital asset class has been proven
They will in time though, once the digital asset class has been proven
They just don't understand it. I was recently on the trading floor of a major bank here in Ireland looking to interview for an internship. Everyone was talking about bitoin as it had just hit the all time highs it is now hovering around. However nobody actually understood what it was or how it worked.
I dont think so. They dont have good reasons to be afraid of cryptocurrencies. Banks can create their own currencies i think. This will make blockchain technology more investable.
actually the bank is not afraid, just have not been able to find the right solution to solve the banking problem so suitable for future use. well, while cryptocurrency is ideal for that. then, some banks today are beginning to adopt blockchain system. I think this is very good.
In my opinion, banks should not fear cryptocurrency but they should look at it as their competition and try to get involved. Maybe invent a new form of crypto that will be easily implemented into our everyday lives - but still be fair with its users and do not control it completely, only help people find their way to use it. Banks can still earn a lot this way. But yes, they are most probably afraid of crypto since more and more people are engaging and using less bank services.
Bitcoins appear and people realize that they can make money from it, they have started saving their money at banks and they are saving it in bitcoins because banks need money to operate and They are having fewer customers, afraid their bitcoins make them lose all their customers. Otherwise the bank does not manage to be bitcoin so they can not control like the currency that the bank is holding.
Innovation is driving banks out of business, but I know they'll find a work around. Morgan stanley is already getting their hand in the pie. I think banks will be mainly targeting the newbies.
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