Topic: Do Banks fear cryptocurrency - page 51. (Read 17113 times)
I'd say yes, they don't understand it half the time and they can control it none of the time. Also the fact there is a blockchain and a limited supply, they cannot just print more money
It is my personal opinion that banks do not hold cryptocurrencies in the forefront, and they can launch centralized cryptocurrencies, just like Ruipo's 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!
Well it sounds like they only are warning people not to get involved right? Do you have a link to the article that you are talking about?
Warning people to not get involved doesn't sound like it is a law per se, though in some countries when the government comes out and says "don't do this" it can mean they are about to pass a law making it illegal. be careful.
I don't think bank fears cryptocurrency, because og some of banks nowadays adopt blockchain technology and starting to realize its benefits. I think blockchain and bank is good combination to further maximize security and process. And I don't think bank will disappear because some always prefer traditional banking.
Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Bank don't need to be scared about Bitcoin. They could actually associate their program or system to crypto-currency becasue if time go by that bitcoin will be the universal currency or the crypto-currency will be a former currency in transavtion bank system need to update or glance the changes for them to succeed.Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
There are really countries where they do not allow the cryptocurrency to enter their place, like China. Because they fear that over the years their banks may lose their value. since the bank does not hold the cryptocurrency, it only works voluntarily. But here in my country, in the Philippines. Central Bank honors Bitcoin because they know that it will help with the country's economic development.
The spread of digital money is undesirable for banks, given their current problems, which they have faced recently. Speech, first of all, is about low demand for loans, lower profits due to lower interest rates
Bitcoin potentially undermines the work of banks. Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions. among the main advantages of crypto currency compared to banks is the lack of the need to provide identity documents for the opening of the Bitcoin-wallet.
Moreover, he noted that blocking technology can not be hacked unlike bank accounts, which makes it a more secure depository.
SO THEY DO!
Bitcoin potentially undermines the work of banks. Probably the general fear among banks regarding Bitcoin is that it completely destroys the need for intermediate transactions between financial institutions. among the main advantages of crypto currency compared to banks is the lack of the need to provide identity documents for the opening of the Bitcoin-wallet.
Moreover, he noted that blocking technology can not be hacked unlike bank accounts, which makes it a more secure depository.
SO THEY DO!
Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Bank don't need to be scared about Bitcoin. They could actually associate their program or system to crypto-currency becasue if time go by that bitcoin will be the universal currency or the crypto-currency will be a former currency in transavtion bank system need to update or glance the changes for them to succeed.Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Well i believed that bank must be affraid on the continueous growth of bitcoin because bitcoin can really be a bug treath on them because if bitcoin continue to grow maybe bank will be running out of customers and they are really lime going down like an airplane that running out of gas .I believe that the banks is only depending on thier customer level because banks is really a business except the central bank.
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!
Banks must not be scared about bitcoin. Actually, there are some banks that are able to convert it to money. Bitcoin can help to increase the level of country's economy. Bitcoin will not affect some banks instead they will also help some banks. If many people are already have profit in bitcoin, there is a hugh chance of possibility that they can put some of there money in a bank.
Banks will never fear cryptocurrencies, BTC ETH etc. have been out there for a while now and banks are still following their pattern, nothing much has changed on banks side.
Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Bank don't need to be scared about Bitcoin. They could actually associate their program or system to crypto-currency becasue if time go by that bitcoin will be the universal currency or the crypto-currency will be a former currency in transavtion bank system need to update or glance the changes for them to succeed. Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
Yes, because they are losing customers. People are now beginning to see that you can make more money without having a bank. So they will actually lose their customers.
If more and more people will use crypto banks will fail.
I agree with you. A lot of people are now realizing that it is better to put their money outside the banks because there are more opportunities outside the banks to earn more money like the cryptocurrency where they can earn a bunch of money and i think that is the reason for the banks to be scare for the cryptocurrency and because of that they are now making moves to regulate that threat by regulating bitcoin and other cryptocurrencies in their countries.If more and more people will use crypto banks will fail.
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!
Absolutely! Cryptocurrency will be a big threat for them. Because bitcoin has more potential than ever banks. Also with bitcoin, they can work and earn anonymously without getting any of your information. Well the pros of the banks is they can really secure your money and will make sure that it is only for you. While the cons is bankrupts and robbery. Bitcoin has a really high rate it won't disappear but banks can. They may be get bankrupt and they won't be able to return your savings. Well that's a threat for every person too.
Yes, because they are losing customers. People are now beginning to see that you can make more money without having a bank. So they will actually lose their customers.
If more and more people will use crypto banks will fail.
I agree with you. A lot of people are now realizing that it is better to put their money outside the banks because there are more opportunities outside the banks to earn more money like the cryptocurrency where they can earn a bunch of money and i think that is the reason for the banks to be scare for the cryptocurrency and because of that they are now making moves to regulate that threat by regulating bitcoin and other cryptocurrencies in their countries. If more and more people will use crypto banks will fail.
Bank might fear cyrpto currency because they don't have a business on it. once it is successful banks will not earn anything.
Yes they do because they see the potential that bitcoin and the other coins have. And will probably do something about it because otherwise the banks will die.
And bitcoin will become the new coin and make everyone rich.
yes, they are fear of crypto currency because they are judging that bitcoin is going famous with a very fast rate and it can affect their number of users. Be remember that bitcoin will never disappear bank but yes bitcoin will reduce the customers of bank because bitcoin is getting enough number of customers and this is because bitcoin have no taxes to pay while bank taking high taxes. And bitcoin will become the new coin and make everyone rich.
Yes they do because they see the potential that bitcoin and the other coins have. And will probably do something about it because otherwise the banks will die.
And bitcoin will become the new coin and make everyone rich.
And bitcoin will become the new coin and make everyone rich.
Yes, because they are losing customers. People are now beginning to see that you can make more money without having a bank. So they will actually lose their customers.
If more and more people will use crypto banks will fail.
If more and more people will use crypto banks will fail.
Sure, why shouldn't they? It is a direct threat to their business model.
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