Topic: Do Banks fear cryptocurrency - page 5. (Read 17113 times)
Banks must be afraid of cryptocurrency, because cryptocurrency development is so fast and can replace the current banking system, the bank system is now quite old-fashioned, unsafe and expensive to maintain and use it, with the presence of bitcoin and blockchain systems, can use the blockchain system.
Bitcoin and other cryptocurrencies - allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank.
Banks generallycharge fees for doing anything with money, even just holding on to it.
Bitcoin and other cryptocurrencies removes the need for any kind of traditional bank or regulator.
Banks generallycharge fees for doing anything with money, even just holding on to it.
Bitcoin and other cryptocurrencies removes the need for any kind of traditional bank or regulator.
banks are doing best to stay away their customers to BTC. Right now banks are very afraid and they should and definitely they will.
btc is the future currency, nobody will be go to bank for transfer money.
btc is the future currency, nobody will be go to bank for transfer money.
The banks are already afraid of bitcoin, due to the fact that it might soon make them obsolete. Banks have already seen what the blockchain can do, and with bitcoin into the play, their industry of capitalization might just be rattled. They wont be able to charge us enormous interest rates, and we all would just be using bitcoins, money for the people, by the people, of the people. For now, banks just will be wary of BTC's rise, as mass adoption rates arent too high, but in the near future, they should be afraid I guess...
If I owner of a bank, I will warning. Because crypto currencies or digital currencies. therefore we don't need banks, we can save them easily. Bankers are afraid of cryptocurrencies because unlike bank they have higher fees and it have some lots of requirements it needed, whereas in bitcoin and other cryptocurrencies it is fast and it has lower fees so if the cryptocurrency will boom they will not be needed that's why they fear it.
if more and more people use crypto, then bank customers will be reduced, it is very clear they will ban it
little that I know about it, but I do not care about the ban by the bank because of crypto my current income
little that I know about it, but I do not care about the ban by the bank because of crypto my current income
The banks are doing everything they can, not to let bitcoin become popular because they will loose there customer.
We just hope for the best
We just hope for the best
We shouldn't be afraid for some banks accepted cryptocurrency in there domain as storage of money or treasure of every supporters. Bank have the responsibility to maintain their income and not be wasted by the new coming crypto. Now banks recognize this cryptocurrency face on earth we shouldn't be afraid.
Yeah but the problem is if they don't accept them then they will try to destroy them instead because actually cryptocurrency are in the same functions of banks which means someday they could replace them to do their job.Bankers know about this and they predict this could happens if cryptocurrencies are stronger day by day so actually they try to make things difficult with crypto market like right now.
We shouldn't be afraid for some banks accepted cryptocurrency in there domain as storage of money or treasure of every supporters. Bank have the responsibility to maintain their income and not be wasted by the new coming crypto. Now banks recognize this cryptocurrency face on earth we shouldn't be afraid.
I think so, yet not so much, but worried for sure. They are already developing various plans to influence, protect or implement this technology in their field.
Yes because cryptocurrency can be used without third party, means no banks, and they're afraid of that because they cant get any on it, and they are scared of that because the cryptocurrency might be their biggest competitor on the future. They're scared that the people might not use banks for their money but will use cryptocurrency to invest and get high profit without paying for the services.
I think so, yet not so much, but worried for sure. They are already developing various plans to influence, protect or implement this technology in their field.
I am very convincing of it. Because banks can not fight against people who already know with crytocurrency. In cryptocurrency itself we are not bound by anyone and any party...
Banks fear crypto currencies surely, regarding its fast growing lastly they fear it will be the most used currencies worldwide and that's isnt compatible with the banking system interests.
There is a difference between banks and central banks. Central banks control monetary policy, which can be rendered ineffective if enough people start using crypto currencies. Hence central banks issue these periodic warnings. ranks should follow the new technologies. Crypto currencies do not avoid Fiat but helps making new utilities to make payments and stake much more easy and secure.Banks may have problems with decentralization and owning personal data of their customers.Many of them adopt the new tech in order to satisfy clients and invent new way of profit.
Of course banks and other major financial institutions are afraid of cryptocurrencies, because they can't control, regulate and exploit them as much as they do with traditional currencies such as the dollar. This is also why it can be highly beneficial for regular people who will be less dependent on banks and their fees.
The banks can't fear Bitcoin because economically there will always be people that need to borrow money. You can't "borrow" Bitcoin on a large scale because there is a finite number of them. The economy would literally collapse without people being able to borrow money to buy things like houses and cars, and for that reason banks will always be here.
Banks is one of the first jobs or offices which blockchain technology is making redundant.
Surely in the long run, bitcoin can affect the operation and annual turnover of banks. We are seeing that the crypto and bitcoin markets have a great influence on the development of the economy. They have been interested in the crypto and bitcoin markets as a form of long-term investment and are more confident of delivering savings to banks.
i think yes but not totally because they are also backing their own crypto currency in this emerging industry of blockchain that is totally better than bank system but bitcoin cannot kill banks that easily because all business is using banks as storage of their business money for safety
Ofcourse banks are feeling fear from crypto and especially from Bitcoin as it is the fastest way to transact and banks transactions take two to three days from one end to the other end of this world while Bitcoin made it easy for you to transact your amount from one end to the other end other this world within seconds. That is why banks are disrupted and feel fear from Bitcoin to be a single future 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!
I think banks are afraid of cryptocurrency because this is a threat to their existence. People with transactions to banks will greatly reduced with the existence of digital currency and will result to loses. I think banks are making moves to co-exist with digital currency like using the blockchain in their payment platform. They called on people not to get involved. Should we be afraid or the banks are!
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