Topic: Do Banks fear cryptocurrency - page 68. (Read 17113 times)
I suspect many banks fear cryptocurrencies but many will see it as an opportunity, those who get ahead of the curve and integrate with cryptos somehow in the coming years will be the ones that prosper in the future.
Banks fear the crypto, they fear no one will deposit their bank. Afraid all investors will turn all their money into bitcoin or altcoin.
Banks and financial institutions only want to go cryptologically to the constitution, but the Cryptocurrency blockchain seems like the public. If you think of Bitcoin, you have control over your finances, you've done more than your banks and others do not need to show your wealth.
The banks are afraid of the blockchain because of its better technology, speed, and efficiency compared to them. Though there are banks that plans to adopt the current technology, the blockchain is far more better because it is decentralized.
I believe they are scared about cryptocurrency because they have started to destroy its image in public saying and telling that it is illegal and used for crimes and illegal activities in internet. But if you noticed that it does not matter if it is cryptocurrency or your local money are being used to paid, the thing is as long as that currency has a value, you could use it to pay for crimes and illegal activities. Businessman who are afraid of its power to change the faith of someone to become rich pushed them to spread unwanted facts or fake news about cryptocurrency to scare public people and preventing them to try and discover it themselves.
Yes,Banks are fearing from cryptocurrency because bitcoin is working as bank online without any disturbance of any concern. Bitcoin is also using for cards transaction. Money transfer is very simple and fast as compare to bank transfer working. people are decreasing the use of online banking and increasing the use of blockchain for saving and transfer at any time and any where in the world with the interference of any country and person.BY this way value and usage of bank is going day by day in every country.
I think that all in all, banks will integrate with cryptocurrencies.
I believe most traditional bankers fears the rise of digital currency specially the bitcoin base on some statements of known banks and personality across the world, they always warn people regarding bitcoin but in my opinion they always did this just to destroy bitcoin's reputation because it would cause a big loss to them since the money of traders or investors will go to bitcoin instead on saving it in the banks but I know people can think and know how to do research so they can't just simple destroy its credibility.
I think yes banks fear cryptocurrency
Just imagine how much banks already lost money from transactions which can be realised via banks
I do not think that there is any reason which can cause banks to fear from crypto currencies. because in next few decades we cannot expect that bitcoin or any other currency will overcome fiat. I am sure that fiat will stay for a long long time. So banks will also survive, I even think that if banks will start accepting crypto currencies even then they will exist and survive more better in future, therefore i do not think that banks will have any fear of crypto currencies. Just imagine how much banks already lost money from transactions which can be realised via banks
no they don't fear of digital currency which is the future currency but if it is wide spread they should be worry about there job
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!
Yes i think they do. But they must take this fear as their motivation and inspiration for their improvement. Banks must realy cope with this new environment, because it might be the one who can end them. They called on people not to get involved. Should we be afraid or the banks are!
Obviously bank fears cryptocurrency,and government too. Because if cryptocurrency established they will be useless.
If you asked me exactly the same warning I would have done in relation to banks. They probably think that people forget how many banks died in 2008. It's all just competition in the Finance market. Banks have lost the clients, and the process continues.
I think the bank can not survive because of the economic crisis that hit them, so the best alternative to overcome this problem is the presence of bitcoin, this is the answer to the problems of the financial world today
Yes, they are. Very! They will soon start lobbying the government to regulate cryptocurrencies.
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!
Clearly the banks are the ones who are afraid of btc. It is obvious in their acts and their intensive propagation to warn people to stay away from btc. Telling all negative things about it but keeping the information on how btc can be able to help them. Sure, btc have disadvantages because of its volatility but I don't think they have to make people steer away from it without knowing it firsthand.
banks do fear crytocurrencies so they have evolved themselves to catch up with modern digital currency, we are now living in society using internet for transactions and investments, so cryptocurrencies has shown they are more effective then banks, nowaday, banks is also using internet for transactions too.
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!
Yes, I think so. If one day Bitcoin will replace fiat money, banks will no longer needed. But that is a long long way journey for the cryptocurrencies. Government will be the one who has the power on what will be use as our currency.
I think yes banks fear cryptocurrency
Just imagine how much banks already lost money from transactions which can be realised via banks
I do not think that there is any reason which can cause banks to fear from crypto currencies. because in next few decades we cannot expect that bitcoin or any other currency will overcome fiat. I am sure that fiat will stay for a long long time. So banks will also survive, I even think that if banks will start accepting crypto currencies even then they will exist and survive more better in future, therefore i do not think that banks will have any fear of crypto currencies. Just imagine how much banks already lost money from transactions which can be realised via banks
Banks is afraid of cryptocurrency, because cryptocurrencies have many advantages than gold or money at many ways. So today, banks is changing themselves to adapt to new cryptocurrency or they will be destroyed.
Now banks are focusing into advancement and are with plans of creating their own digital token as well blockchain for every transaction. As a part several national banks have made trial runs and waiting for real time functioning. Also few banks have started to invest into bitcoin indirectly knowing its potential.
If i were the banks then i will not create my token because i can do a gateway for bitcoin to be linked into the banks because with bitcoin, they can easily accept deposits and also they can give easy cash out to the people that are using their service because bitcoin and banks are enemy right now but if they will work together then it will make another great system in terms of financial. Jump to: