Topic: Do Banks fear cryptocurrency - page 60. (Read 17113 times)
I don't think they do yet. They still have no idea what is coming. It is already too late. The only hope they have is to adapt
banks shall fear the crypto. someone will start loosing business soon. someone will start loosing jobs soon.
I think its a big yes, Banks should fear in cryptocurrency because it blooming all over the world, eventhough its not legal yet but the popularity of it was still increasing and increasing year by year, and maybe in the future cryptocrurrency can do as well what the banks can do, But crypto currency cannot be erase bank in this world but it can tied it in the future.
In my opinion not only banks but the whole financial system fears cryptocurrency.
Bank don't fear about bitcoins much as till its not legalized properly all over the world people still need fiat currency to use in the market and to pay bills. Till btc don't get legalized as fiat currency btc can't be accepted openly.
That's the outlook each and every user has, but in reality banks fear much about bitcoin as well other digital currencies. Everything is purely upon the growth it has reached in a very small time frame as well the flawless functioning. Though it's dependent on banking section, banks fear of the backing technology and keeping them up to date to cope with it.
In my opinion, yes, cryptocurrency posts challenge to traditional banking system (e.g., low fee and quick transaction). At the same time, it brings innovation of blockchain technology into FinTech.
Yes, they have this fear. More and more people do not trust banks that take extra money for withdrawals and take commissions for most of bank operations. Banks are scared that those who own bitcoins will stop using their services and they will get a great crash.
I think the banks are afraid at the cryptocurrencies. As the use of cryptocurrencies ase increased at a big rate, a lot of people are using this currencies. They are using this currencies at various way. It decreases the use of local or international currency. People are transacting money through cryptocurrencies for free. If they use bank for this,they have to give a lot of money as service charge. The banks are losing there profit here. That's why the banks are afraid at cryptocurrencies.
By using crypto currencies, people will become independent and free from the hands of banks. People will not depend on the banks fro the transaction, as if people become independent, it will effect the banks economy, bank will not be able to charge fees on the transactions.
And other fear is that Bitcoin supply is dependent on the people's demand and supply is done according to that, it runs by any government and banks. Hence bitcoin user is not answerable to the people. Bitcoin will circulate in the country and the banks and governments will not interference in the circulation of bitcoin. This fear them most.
And other fear is that Bitcoin supply is dependent on the people's demand and supply is done according to that, it runs by any government and banks. Hence bitcoin user is not answerable to the people. Bitcoin will circulate in the country and the banks and governments will not interference in the circulation of bitcoin. This fear them most.
Bank don't fear about bitcoins much as till its not legalized properly all over the world people still need fiat currency to use in the market and to pay bills. Till btc don't get legalized as fiat currency btc can't be accepted openly.
That's the outlook each and every user has, but in reality banks fear much about bitcoin as well other digital currencies. Everything is purely upon the growth it has reached in a very small time frame as well the flawless functioning. Though it's dependent on banking section, banks fear of the backing technology and keeping them up to date to cope with it.
It's their job to spread such awareness anyway. Well there are many of those money game in which the banks are opposing, and they suppose bitcoins are one of them too. They aren't wrong when you see the crazy surge on bitcoin price in months, key figures would definitely stand up and discussed them publicly, bitcoin deserve such attention 
Banks fear with cryptocurrencies? In fact I must say they aren't if you compare marketcap of cryptocurrency and others which banks had big portion at: insurance and properties etc... A little bitcoin wouldn't hurt them. Only when its usage is as wide used as MasterCard or visa that would do
Banks fear with cryptocurrencies? In fact I must say they aren't if you compare marketcap of cryptocurrency and others which banks had big portion at: insurance and properties etc... A little bitcoin wouldn't hurt them. Only when its usage is as wide used as MasterCard or visa that would do
I think yes because they fear bitcoin can give some storage and savings to btc users and thats the reason why people will not use bank for their money to store and for their money to be saved.
Things that can happen because it can be a place of storage online without deductions every month.
I think yes because they fear bitcoin can give some storage and savings to btc users and thats the reason why people will not use bank for their money to store and for their money to be saved.
i think so, because there are lot of investors who supported in bitcoin and it is one of the reason that many banks afraid when they loose many people especially those who have more shares on them that going to bitcoin. as times goes by there are lot of bitcoiner who proven that bitcoin have more advantages that banks.
Well it is not to be neglected that banks have their own importance, they are good in their own way we should not compare both, each is beneficial in its own way. When it comes to crypto then yes they are a threat and alarm for the banks because people are getting into it and are liking it more than other currencies because it is quick and easy to be invested and profit is high
banks shall fear the crypto. someone will start loosing business soon. someone will start loosing jobs soon.
That was the methods of bank to scare people, they trying to mislead people about the excellent features of Bitcoin and Blockchain,
Banks transactions are going to fade for the next coming decade, and people are longer put fiat on banks. This is the only reason why Banks are so much afraid about crypto currencies.
Banks transactions are going to fade for the next coming decade, and people are longer put fiat on banks. This is the only reason why Banks are so much afraid about crypto currencies.
yes. I am very convincing of it. because banks can not fight against people who already know with crytocurrency. in cryptocurrency itself we are not bound by anyone and any party. but if in the bank there will be people who always arrange it
Yes, of course they do fear cryptocurrency.
Because bitcoin or any other decentralised cryptocurrency allow the people to trade peer to peer takin off the use of any middle man, which in traditional commerce is a bank.
Because bitcoin or any other decentralised cryptocurrency allow the people to trade peer to peer takin off the use of any middle man, which in traditional commerce is a 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!
For me it is a yes. If digital currency catches on with more people. Less people will put money in the bank so their cash flow will be interrupted . Instead of using credit cards people will. Use btc instead when buying something. So interest that make banks money will lessen.
In my view banks never fear for cryptocurrency.
Banks makes this cryptocurrency transactions as profit by charging interest. Initially they may keep quiet.
Even banks like icici making bitcoin trading and charging so banks never fear for transactions.
More customers for banks equal to more bank transactions equals to more interest equal to mow profit.
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!
For me it is a yes. If digital currency catches on with more people. Less people will put money in the bank so their cash flow will be interrupted . Instead of using credit cards people will. Use btc instead when buying something. So interest that make banks money will lessen.
Banks are increasingly worried about the issue of the development of bitcoin. The market capitalization is getting higher and higher. International money transfers are used more and more, which is bad for banks. Of course, banks are now developing blockchain technology.
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