Topic: Do Banks fear cryptocurrency - page 7. (Read 17113 times)
i think yes but not totally because they are also backing their own crypto currency in this emerging industry of blockchain that is totally better than bank system but bitcoin cannot kill banks that easily because all business is using banks as storage of their business money for safety
The banking system is afraid of the development of the crypto, and banks fear that crypto will replace the bank in the future so many financial institutions have sought to counter the crypto.
Banks must follow the new technology. Cryptocurrency does not avoid Fiat but helps make new utilities to make payments and pegs much easier and safer. Banks may have problems with decentralization and have personal data from their customers.
For me, no reason for the banks to be afraid for, because in our country banks can be part of bitcoin,when we change our bitcoin to our local money,bitcoin is also involve,and we can cash out through our preferred banks,and we don't think to make it happen to disappear one banks because of crypto currency.
Definitely, because bank will remain as it is backed by the government. Although, some of us wanted to get rid of it due to their services are not even fair but we can't do nothing in it except to accept the truth. It's only a speculation that bank were afraid of crypto currencies but the truth is they are adopting in it.
the use of cryptocurrency is increasing in the lyrics of the world community. because its ease in doing the transaction will affect the puncture of the bank. bank warns to all parties not to sell, buy or trade virtual currency, it proves bank anxiety about cryptocurrency
of course they do fear of crypto-currencies because it can destroy bank's system.
I believe they are very afraid because the bitcoin is not in circulation, the exchange rate and the transaction is not regulated by the bank so the bank is worried about the high user of bitcoin transaction and will lower their bank transactions and they are also worried because bitcoin is used as a currency exchange not just one country but all country and bitcoin may also be redeemed in the applicable valid currency in that country
Of course banks fear cryptocurrency. Cryptocurrency can substitute banks and financial institutions and allow people to manage their own money with no intermediary.
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!
Many news said that banks are afraid to the cryptocurrency. There is a big effect to the banks if all of the people will use cryptocurrencies. Many people will stop depositing their money in their banks if the cashless society happens. They called on people not to get involved. Should we be afraid or the banks are!
For me, no reason for the banks to be afraid for, because in our country banks can be part of bitcoin,when we change our bitcoin to our local money,bitcoin is also involve,and we can cash out through our preferred banks,and we don't think to make it happen to disappear one banks because of crypto currency.
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!
In this situation, we should not worry, but banks. That's what they do. Banks are worried because bitcoin is getting deeper into the lives of ordinary people. They called on people not to get involved. Should we be afraid or the banks are!
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 the bank is worried that bitcoin will take its place. Because the goal of bitcoin is to replace Banks. Now that bitcoin is supported by many countries, more and more people accept it, and bitcoin is becoming more and more popular, which is not a good news for bitcoin. They called on people not to get involved. Should we be afraid or the banks are!
I don’t think banks fear cryptocurrency, they try to develop their own solutions with functionality similar with cryptocurrency. Especially banks got interested in the blockchain technology and a distributed ledger concept that lie in the heart of bitcoin
I guess they're not afraid of cryptocurrency occuring. Instead, they see it as an opportunity to earn more money because they offered several partnerships with some bitcoin platforms here in the Philippines.
cool. its nice to see that there are some banks who fully support cryptocurrency but we cant deny the fact that most banks are still afraid of it and there were some that hates crypto verry much because they think that their costumers or investors will fly away and switch all to these crypto investments because banks also know that cryptos can give much better rates or interest when compared to their usual service. but i guess that cant happen instantly because right now , cryptocurrency is still controversial.
I guess they're not afraid of cryptocurrency occuring. Instead, they see it as an opportunity to earn more money because they offered several partnerships with some bitcoin platforms here in the Philippines.
Banks fear cryptocurrency, becuase they see its potential. Many banks have looked into the blockchain technology and are trying to replicate it, because the technology is so powerful
For me, yes some banks worry about cryptocurrency because bitcoin’s capability is superb that can transact your money with less fee, fast and anonymously. I can say some banks fear about bitcoin because their community is little comparing in bitcoin and another cryptocurrency community, but if that bank is much popular than bitcoin they don’t need to fear into some cryptocurrency because we all know that that acceptance of that bank is much higher than bitcoin and other cryptocurrencies. 
Yes, the continuous success and progress of the cryptocurrencies in our world industry raise a significant threat to the commercial banks because sooner or later they can be replaced and become obsolete.
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!
All central banks have the right to warn the public about the use of any currency. Regarding the uncertain and unsafe nature of cryptocurrencies, this happens due to the uncontrolled nature of decreasing and increasing price of it. Any bank will hardly agree with the unstable price of crytocurrency. We are unafraid of the banks because we have our own handling of our investment and safekeeping of it without the use of any bank. The banks will begin to be afraid if majority of people are already in cryptocurrency and are not using fiat currency.
Cryptographic money put the influence of keeping money in your grasp rather than in the banks. This implies we specifically advantage from it with the speculation. Generally the bank would keep this from us and profit with it. This is being decentralized and being utilized and accessible to any individual who utilizes digital currency. This is the reason they fear it. The benefits are in question. Another contender has arrived and is better then the banks.
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