Topic: Do Banks fear cryptocurrency - page 48. (Read 17113 times)
Banks should fear cryptocurrency because the rate at which people invest and use digital currency as a form of exchange is alarming. Cryptocurrency is a great threat to the banking sector.
I think, so many banks fear from crypto currencies, because they know that they are booming at the moment 
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!
Actually it is not a fear talk for us, but i think bank has some fear from all cyrpto currencies that's why banks not want that people attract with crypto and do transaction on crypto. But i am not afraid even i rely on all cyrpto currencies that's why i give vote for cryto not for bank faviour.
That was the methods of bank to scare people, they trying to mislead people about the excellent features of Bitcoin and Blockchain,
Banks transactions are going to fade for the next coming decade, and people are longer put fiat on banks. This is the only reason why Banks are so much afraid about crypto currencies.
Banks transactions are going to fade for the next coming decade, and people are longer put fiat on banks. This is the only reason why Banks are so much afraid about crypto currencies.
Well, if people start storing their assets with bitcoin instead of banks. they lose a ton of their money. so banks should be scared, but right now i think bitcoin isnt that big enough to take over 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!
if you trust in Central Bank must be afraid now (All banks see bitcoin technology against bank and what mean by the bank ).so it is hard to know any bank accept bitcoin .
Is this bad news ? now it is only warning and will never effect.
It'll last until a better gold coin emerges that will be used through the World as an recognized neutral forex for all. However prior to that happens, bitcoin will likely undergo its beauty as well as become like main Globe forex that'll be accepted in most countries and become popular. I understand there are this frightening things like probability of hand or even the prices are fluctuating a lot, but it's absolutely nothing that may really finish bitcoin from nowhere. It will probably slowly pass away when its time originates,there is still good chance as the entire cryptocurrency, blockchain technologies are just starting to go popular. but
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!
Yes, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole world.
The government do not care cryptocurrency can grow every day, they just care "can they earn profit through cryptocurrency!".
They will either fear crypto and do everything in their power to stop it, or they will work with it and make profits so everyone will be happy
Yes, the fear crypto currency (Bitcoin). If people starts to use Bitcoin they will not invest or save money in the bank the will use block chain to save their Bitcoin. In this case the money will be Bitcoin and the bank will be the block chain. I think Bitcoin will definitely perform excellent in public market because of it's fast growth and it has the potential to dominate world currency.
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!
Yes, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole 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!
Yes, because they can be a threat in their banking industry. Bitcoin performs excellent in the public market which many company see’s their fast growth and potential to dominate in the whole world.
Major banks is now looking at BTC for their benefits, they do know realized how BTC is now become and their business impacts , some are now looking to integrate blockchain technology on their systems or possible accepting BTC directly. even JP morgan strategist is positive for BTC legitimacy in the future.
https://www.cnbc.com/2017/12/01/jpmorgan-strategist-bitcoin-futures-can-add-legitimacy.html
https://www.cnbc.com/2017/12/01/jpmorgan-strategist-bitcoin-futures-can-add-legitimacy.html
In my opinion, they will fear in the popularity of the cryptocurrency because cryptocurrency are their most competitor and crypto has more benefits than banking. People are now beginning to see that you can make more money without having a bank.
Clearly, banks fear bitcoin and cryptocurren. If I was the manager of a bank, then I would warn and take measures against bitcoin because bitcoin develop strongly, many people use it, the number of bank customers decreases and benefits the bank reduced.
Banks are deeply rooted to fiat and without people's paper money they gonna crumble, Banks cannot monetize or regulate cryptocurrency and soo the government institutions, they should adapt more than Bitcoin.
Banks fear on the growing cryptocurrency because it is more convenient than cash. Many people prefer crypto like how it goes in Japan. No need to bring a wallet, you just need your smartphone to pay for your bills and a lot more. Less hassle.
For now, yes bank do fear of increasing fate of cryptocurrencies. As banks are involved in handling paper money and cryptocurrencies would be the future of finance and it is the mode of online transactions and people would be able to handle it by themselves only, so the mediator work of bank would be ended and their profit would be ended, that is why bank feared of cryptocurrency and even the bank of some countries has warned people not to use cryptocurrency as it could lead you in debt. But in future there might be the chances that banks would stated issuing cryptocurrency as well and these digital money would centralized by the government.
The BTC presents a great advantage to the banks, the only thing that the BTC loses and in the question fees and charges that today and very high but the BTC has a huge advantage in the transparency question, much faster to make transactions and now with the coming of the LN it will increase the speed in transactions. The Brazilian central bank has already issued two repudiation notes on the crypto-coins.
Yes definitely, bitcoin transactions continue to grow, and now many big companies are serious about developing bitcoin so that the more popular and easy to use the user. if bitcoin is legalized then the banks disappear immediately.
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