Topic: Do Banks fear cryptocurrency - page 52. (Read 17113 times)
I think banks are not fear in cryptocurrency because they now that banks are supported by the governments and people trusted them to use, and I think that's the reason why they don't fear about cryptocurrency that everyone.
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!
Obviously it is we all know that the banks only manages a real money which is not manages by a cryptocurrency platform we know that cryptocurrency hold a virtual money is can be a reason for the banks to close completely when bitcoin or cryptocurrency become more populsr than the bank it can really be a great threat. They called on people not to get involved. Should we be afraid or the banks are!
Decentralized transactions of bitcoin had made banks to fear bitcoin, transactions are being done without a third party which is were the banks makes there money and banks at times inquiries the privacy of customers accounts at the detriment of their customers and in the nearest future there is the tendency of people transacting business with bitcoin by bypassing the banks services which will makes banks irrelevant and definitely bankers will lose their jobs.
What banks fear is that Bitcoin affects the currency of their country. If Bitcoin is widely used, very few people will go to bank to make deposits, and people will be more willing to invest bitcoin to use Bitcoin for everyday use. 
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 they are slightly afraid that bitcoin has a power than banks. They are afraid that people will choose bitcoin than investing to banks so that they have an idea to make some words that doesnt true at all. They called on people not to get involved. Should we be afraid or the banks are!
Of course they do everyone fears wat they can't control
Banks and governments are afraid that bitcoin will destroy their monopoly money, but we know the truth and do not believe it!
Banks should be afraid of loosing business and their precious fees. (Unless they start somehow incorporating blockchain)
Governments should be afraid because they loose control over their own currency. (Unless they start "minting"/mining bitcoins)
People should be afraid because there is no customer service to call in crypto-currency. You get scammed or hacked and no one will save you.
Changes are coming...
Governments should be afraid because they loose control over their own currency. (Unless they start "minting"/mining bitcoins)
People should be afraid because there is no customer service to call in crypto-currency. You get scammed or hacked and no one will save you.
Changes are coming...
Yes banks fear of crypto currency because the banks will not get the details of the transactions done in the bitcoin
yes, bank will be fear of cryptocurrency because they will lost a lots or many customers. if the crypto will be known, popular or implemented some of the banks will be closed. thats why bank take action about that.
Yes, we all know that bank is financial institutions that accepts deposits from the public and create credits so if cryptocurrency will be used, banks will lost a lot of customers because cryptocurrency can stand alone without the help of the bank.
I'm think not. First of all, banks are biggest structures with government support, second of all, banks can use cryptocurrensies in their aims, and third of all, they have a lot of fiat for making mining farm, crypto exchange trading and other. Clever ppl always find a way out of the situation.
We should not be afraid of them. Banks are very anxious of that becuase they might lose their power, they think that the bank system will be instantly reversed into cryptocurrecy system. They don' t have control on bitcoin and involvement. Governments also are being afraid of that cause it might affect their income tax.
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!
Not only bank but goverment also because they scared in bitcoin because bitcoin is decentralized no one can control it even goverments so thats why many goverments hate this because bitcoin can replace all banks. They called on people not to get involved. Should we be afraid or the banks are!
If i am annowner of a bank i will have fear of crypto currencies because of many people can earn money from this without the help of a bank
Existing banks are very reluctant because cryptocurrency is very secure and deals more quickly than banking systems. In addition, the government can not collect taxes from income from crypto.
Banks might be reluctant of the cryptocurrency upon certain features similar to the taxation, real time confirmation and serving the community in the decentralized platform without flaws. Now banks show interest on adopting the technology to make their service much more effective.
Existing banks are very reluctant because cryptocurrency is very secure and deals more quickly than banking systems. In addition, the government can not collect taxes from income from crypto.
They may worry because it will lead to major changes... but I think they will still be around and plenty of people will still use fiat money for a while.
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.
Of course, they are a threat to their business model. Them adopting blockchain is trying to co-opt cryptocurrencies.
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