Topic: Do Banks fear cryptocurrency - page 6. (Read 17113 times)
I think so. Banks are afraid with cryptocurrency that based on blockchain. Because blockchain system is decentralized not like bank system that centralized.
Yes banks fear of crypto currency because the banks will not get the details of the transactions done in the bitcoin
absolutely yes, as you've seen many banks out there have banned credit card payment for crypto purchases etc.
The beginning of 2018 was marked by a new stage of confrontation - the banks moved to more decisive measures. In various countries, exchanges began to experience problems with banking services, retail crypto investors - with the purchase of digital currencies through payment cards, and because of the actions of the payment giant Visa bitcoin users from Europe remained without debit cards. In addition, because of the "hostile actions" of issuers of payment cards, the LitePay processing service has not been launched.
Crypto currency are created to solve the different problem related with economy sector. Many people who trust on bank but feed up with its process of money transaction. Due to this many people using crypto currency as a alternate process of money transaction. The government and central bank of that country regulate a their country money supply and circulation. But in case of crypto their is no central authority to decide how many crypto to create and distribute and this thing affect the country economy and bank profit. Another thing is privacy. People who use crypto they doesn't give their full information. people use of crypto currency instead of real money to and their features put an negative feedback on a bank reputation and profit 
Actually only decentralized system of cryptocurrency made the banks feel it is not safe to apply it so much in the future. Depend on the cryptocurrency to build the banking system will not give the banking system have better benefit. That is the reason the government still want to keep centralized system for the world's economy (included the banking system).
They should not afraid with cryptocurrency at all
If they want they can make their own cryptocurrency as new instrument or new bank product
If they want they can make their own cryptocurrency as new instrument or new bank product
Bank never have any type of fear .It is only the government which wants people not to involve in crypto currency.Local stock market has becoming less lucrative due to good return tendency of crypto market.
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 and fading hopes for deregulation.
I'm sure they fear crypto . They always criticize, and spread fear to the holders of digital currency, 
they always say that cryptocurrency like Bitcoin is a fraud, bubble, etc. They fear Bitcoin because they believe it will crash the fiat system
they always say that cryptocurrency like Bitcoin is a fraud, bubble, etc. They fear Bitcoin because they believe it will crash the fiat system 
if everyone uses crypto then many banks will close, and the government is behind the bank, then they are afraid if that happens, because later if we already use the money crypto then no need to use the bank, and they fear it happened..
Because the banks cannot control it and cryptocurrencies are safer, cheaper and more private.Banks are currently losing some part of their profit while a lot of people are using crypto
notification by the central bank is general and is open in calling on the public to consider to the risks if they continue to engage in cryptocurrency activities, In addition, cryptocurrency is not recognized as legally treated in some countries with their statement that cryptocurrency is unsafe, not regulated and it is easily abused for money laundering and terrorist activities, referring to the question "Should we be afraid or the banks are!" personally, I think that regardless of whether financial institution or us (as public) will be got pressure with the fact, but it is up to individuals and banks to make their choices, because the world is constantly evolving with the latest issues and keep a history of past and whether are we is the people living in the fold of past history or we are the brave people to come to bring new civilization it should be thought out, about hostility by the bank against cryptoccurency is a point that has no end even when there are financial institutions that are involved in the cryptocurrency marketplace but that will not change major perceptions
Crypto currency are created to solve the different problem related with economy sector. Many people who trust on bank but feed up with its process of money transaction. Due to this many people using crypto currency as a alternate process of money transaction. The government and central bank of that country regulate a their country money supply and circulation. But in case of crypto their is no central authority to decide how many crypto to create and distribute and this thing affect the country economy and bank profit. Another thing is privacy. People who use crypto they doesn't give their full information. people use of crypto currency instead of real money to and their features put an negative feedback on a bank reputation and profit
I will not like to use the word afraid, they are just doing everything they need to do to stay relevant and still be in business. The world of Cryptocurrency has become a great competitors to bank that they didn't see coming. It is only natural to try everything they can to discourage people from getting involved in cryptocurrency and patronize them more. However noting can stop an idea whose times has come. Banks can tap into cryptocurrency and use it as a platform to build their sector and in that case it can also becomes a win situation for them.
Yes,of course. bank afraid with bitcoin. in my country they afraid not popular or not be place that be destination of many people. and it make bank decrease their income, make them disappear from people thought.so,Bank fear cryptocurrency.
Most banks fear cryptocurrency, even in some countries you have them warning citizens against investing in cryptocurrencies as the risk is very high. I remember seeing on the internet one central bank of an African country, Nigeria, warning its citizens against crypto.
Yes i think they are because if its be a money transfer in the future fear is unescapeable because banks are will be history
all the banks around the whole world have issued "warnings" to their user about cryptocurrencies. and the warning is pretty clear. they are warning them about investing in a highly volatile thing
Banks behind which the government stands, do not want to lose their influence and power.
all the banks around the whole world have issued "warnings" to their user about cryptocurrencies. and the warning is pretty clear. they are warning them about investing in a highly volatile thing
No, Banks don't dread of digital money, in any case talking banks far and wide has encountered a major misfortune on account of the whole cryptographic forms of money. At the present time the banks were with plans to get coordinated with the digital currencies and give benefit. Such an entrance can be found in banks by the up and coming years and there is no dread on its development.
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