Topic: Do Banks fear cryptocurrency - page 50. (Read 17113 times)
It can replace the banking system
The banks talking crap about crypto are the ones that are refusing to adapt and evolve with the new financial order. They think that as long as they rail against investing in crypto, they can stall mass adoption until they find a way to control it. What they should be doing is using their massive capital to push the technology forward and find new ways to benefit from it. It's almost like saying online retailers should be scared of ICOs like nucleus.vision just because they're looking to drive offline retail, when instead the ecosystem they're trying to build will need to incorporate an amalgamation of offline and online.
well! many banks wished they could trade in bitcoin but they think cryptos are not stable. Others have accepted and are making some profits from it. for the warning aspect! you'll only issue a warning when you sense a threat. so of course, they are afraid about bitcoin but bitcoin will forever increase to suprise them. so i think they better start adopting BTC
In my opinion, cryptocurrency does post some challenge on banks. Blockchain is one of the great development in internet age and has so much advantages over our existing banking system. Hope banks feel the challenge and improve the financial technology in the coming years.
As of now i dont think that banks is afraid of cryptocurrency already.
They maybe giving it a close look but to the point of fearing it, may not yet be real.
Cryptocurrency may be gaining more popularity right now but theres only a few of the world populations n that uses it.
We need more numbers to become a real threat.
They maybe giving it a close look but to the point of fearing it, may not yet be real.
Cryptocurrency may be gaining more popularity right now but theres only a few of the world populations n that uses it.
We need more numbers to become a real threat.
The banks are scared of it because they want to maintain control. Bitcoin is one of the best developments
Some way more smarter banks understood the power of making transaction on a blockchain system and made contracts with ripple. Someother slept and now feel the pain.
Strong and smart bank managers will be able to integrate the blockchain and cryptocurrencies into their structure. The rest are afraid but the other bank wants money that why some bank dont ban the cryptocuurencies
Indeed, I would also think this, smart bank managers will likely find a way to still be the bank for people (maybe for old people or people that cant use the new tech for some reason) but still go with the time and implement blockchain technology and crypto currencies in their system. We will see where this is heading. The one that does not go with the time, goes with the time.
Strong and smart bank managers will be able to integrate the blockchain and cryptocurrencies into their structure. The rest are afraid but the other bank wants money that why some bank dont ban the cryptocuurencies
Yeah....i also think that banks are getting worried about cryptocurrencies,otherwise why they are banning cryptocurrencies??This is because for insecurity of course!!
Why they are banning digital currencies means before people will keep their money in banks. But now people started to keep their money in bitcoins. This is reducing banks income, so banks are not supporting to digital currencies. Once the bitcoin become legal then surely most of the private banks will shut down. 
Yes I think they afraid bitcoin. After knowing the possibilities of Bitcoin in crypto market most of them prefer to invest in bitcoin rather than depositing in banks. So it makes shortage of deposits in their hands. If there is no deposits then the further process of banks like loans are difficult to get it possible. That's why the banks afraid bitcoin.
Bitcoin is good for transactions its works like a bank.bitcoin transaction fees are low,bitcoin is decentralized.banks transaction charges are high.so baks fear about the bitcoin.
Yeah....i also think that banks are getting worried about cryptocurrencies,otherwise why they are banning cryptocurrencies??This is because for insecurity of course!!
Banks are scared .cause it could destabilize the local currency
Bank system is strong system and its totally wrong that any bank will from crypto because all countries throughout the whole world need bank system for business and holding money of country and also for doing with business with other countries.
definitely yes it is!
Yes of course bank fear cryptocurrency. With time we are going to have less to do with the banks since cryptocurrency have nothing to do with banking. Banks are going to loose more customers and therefore their business will collapse since many are not going to involve in banking. Moreso, central bank has no power to oversees transactions or fund transfer that involve cryptocurrency.
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 think so. Of course since they don't have a control over crypto currency they will surely make any news even if its negative just to degrade crypto so that people especially their clients/investors/depositor just stays with them and not entertain crypto currency in their lives.
I think that yes, the big banksters are afraid of crypto, because they fear a shift of power. Money is power and if they cant control it anymore, they loose that power eventually. But many smaller banks arent even aware of what is coming, at least that is my impression from talking to local bankers I know. After all, they should be afraid, and all the guilt of why this shift of power is desperately needed, lays with them.
In the business world, banks have always been superior to the entrepreneurs because they can work together. Whereas in the world of cryptocurrency to date still a few entrepreneurs who entrust their transactions using bitcoin. Hence, bitcoin users who are also their entrepreneurs use the exchange service which eventually keeps picking up and shipping being in the bank so I do not think that banks are afraid of cryptocurrency, just banks and cryptocurrency have long been cooperating.
Strong and smart bank managers will be able to integrate the blockchain and cryptocurrencies into their structure. The rest are afraid
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