Topic: Do Banks fear cryptocurrency - page 53. (Read 17113 times)
Cryptocurrency might be considered as the world's largest and known cryptocurrency. Banks are just the one who generates money and a country's currency like Philippine Peso, US Dollar, etc. Banks might went down its system when cryptocurrency became the world's currency. Why? Because people who knows bitcoin might invest and deposit thru bitcoin wallets and remittances will have greater chance to get opportunity to send and receive payments from bitcoin. Banks can also send and receive payments from it, but it has limitations because of country's laws and regulations upon it.
With Bitcoin we dont need banks, we are our own bank.
So the bankers are afraid to lose your money.
In my country, the banks are on top in the list of highest profit companies. Fees and more fees, taxes and more taxes every day and very high interest rate.
We dont need them anymore.
So the bankers are afraid to lose your money.
In my country, the banks are on top in the list of highest profit companies. Fees and more fees, taxes and more taxes every day and very high interest rate.
We dont need them anymore.
Probably banks will be afraid because banks can generate income from transaction fees aside from lending interest. And if happens that bitcoin would spread all over the world and all of us used bitcoin the banks income will lessen also. Some of bitcoin transactions don't have fees or if have but smaller amount compared to local currency that's the thing they are afraid off.
Yes, banks do fear crypto currency because digital currencies are now days rising and overshadowing the banks.Let us talk with an example,Bitcoin is rising nowdays and people are using it for investing their money instead of banks .So banks are taking bitcoin as a competition .So yes banks do fear crypto currency.
Banks only want to give warning to customers and society not to use digital currency that harm banks. They are threatened with the presence of digital currencies such as bitcoin, their market share such as deposits, savings plans, credit cards have been rivaled by bitcoin investments.
For the bank, it would be unprofitable for the population to deal with the crypto currency, as well as the state, they can not control bitcoin.
I think banks are not afraid of Bitcoin, but what they
do fear is the block chain technology that could literally
change how this world works right now.
Some disruptive technologies in the past are Internet,
Email and now all this about block chain technology and
how it could evolve our lives!
do fear is the block chain technology that could literally
change how this world works right now.
Some disruptive technologies in the past are Internet,
Email and now all this about block chain technology and
how it could evolve our lives!
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!
Of course many banks owner was afraid to the digital money or what we called cryptocurrency because if you have a cryptocurrency you didn't need a bank to save and secure yoyr money so that they are afraid to bankrup there business so that many banks saying that cryptocurrency was not safe for oyr money.
There are no banks in the world for this cryptocurrency . there is no parmit for digital currency. I think no need any banks or paper for cryptocurrency.online wallet is enough for them.thank you.
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!
Of course banks will be afraid of crypto currency for many reasons. Crypto currency is now much more profitable and safer than banks. Money transfers in crypto-currencies are faster and less costly for commissions. They called on people not to get involved. Should we be afraid or the banks are!
I think banks will adopt cryptos and soon we can store out BTCs in banks all over the 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!
Hi there flag39! First of all I would like to clarify that what we are talking about is "Central Bank" and not just an bank. In my opinion they don't fear about the cryptocurrency given the fact that it could hardly replace the fiat. Based on the statement I think Central Bank is just doing their jobs which are to regulate, manage and supervise the country's exchange. One of their key goals is to prevent people from investing in ponzi schemes which are common nowadays which took advantage of the cryptocurrency. Another key issue is that Central bank has no direct control in the cryptocurrency system that could become the vessel for money laundering, tax evasion, and other unlawful act.
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 do not think we should be afraid of the bank. I think the bank is afraid of crypto because if the public uses crypto the banks will be lonely and threatened with bankruptcy They called on people not to get involved. Should we be afraid or the banks are!
Absolutely banking institutions fear cryptocurrencies because it is some thing they do not comprehend then one that's making these to change how they think, and oh young man will they nothing like alter, orthinking.
cryptocurrency use P2P that mean no Bank so that all Banks not love cryptocurrency and support Blockchain.info technology and they hope to make kind of p2p using bank
Banks really afraiding about the bitcoins,it is better than bank for online transactions.bitcoin transaction charges are lower than banks,we can send and receive the money without depend on any government.
of course Banks scare of crypto currencies but some of them understand BTC is future
Of course, if the bitcoin transaction gets bigger the bank business will be threatened and will make the banks lonely then abandoned customers, this is what the banks feared.
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.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
I don't think so. Banks and cryptocurrencies could actually collaborate. In the first place, they could be used in two different ways. The illustration of having a hard copy and the other,a soft copy could be used to describe how fiat money and cryptocurrency could work. We couldn't just abolish fiat money,what if systems fail,what if internet disconnects,does it mean we will stop living,earning, and spending as well? Of course we couldn't that's why we still need both currencies.
I don't thing banks fear about cryptocurrency. But there is small percentage of fear about it as the growth of cryptocurrency is booming day by day and the lot of alcoins are on the row giving option to the people of new era who wants the digital world. So banks should consider this technology hold their traditional customer to sustain in their banking system. Which really make them to have second thought of cryptocurrency especially about bitcoin.
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