Topic: Do Banks fear cryptocurrency - page 71. (Read 17113 times)
Volatility of crypto currency price makes every one fear.
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!
That any bank understands that the influence of the crypto currency can affect them significantly, reducing their capital, lowering the price of the major currencies in the bank. But if it is legalized, it will only strengthen the banks and they will coexist together. They called on people not to get involved. Should we be afraid or the banks are!
The banks are just doing their job; to protect their customers privacy. By issuing a warning on about cryptocurrency, it doesn't meant that they fear it. Since cryptocurrency is not yet stable and there are still many scammers that try to rob on some people, they just warn their customers about it they should think twice before investing on it. I think that's what the banks want to their customers, to be alert and don't be fooled.
I think they do, because digital currency means no bank requirements. You need one digital account in blockchain or any other account service provider and can use your account for purchasing, selling, trading and transferring. But I think the major banks in the world have realized this fact and they will also try to update its system of banking and in the near future the banks will also be digital.
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!
as we know that a bank is a monopoly game perpetrated by a bunch of people called Big Players. They continue to monopolize the economy so that they can get a lot of profit. With the bitcoin they feel disturbed because bitcoin can not be used as a tool of monopoly, so they forbid the circulation of bitcoin so they can still fool the people. They called on people not to get involved. Should we be afraid or the banks are!
The banks are just doing their job; to protect their customers privacy. By issuing a warning on about cryptocurrency, it doesn't meant that they fear it. Since cryptocurrency is not yet stable and there are still many scammers that try to rob on some people, they just warn their customers about it they should think twice before investing on it. I think that's what the banks want to their customers, to be alert and don't be fooled.
Bank never fear bitcoin. bank want use blockchain tech for their job but they can't do now.
I don’t agree with you because I think cryptocurrency is great threat to banks. People in large numbers join bitcoin and prefer bitcoin for business through investment. People like bitcoin transaction and I think in this way they are avoiding banks for saving their capital and going to invest money in bitcoin trading so why banks would not feel fear about bitcoin. 
Sure, cryptos do pose some threat as the market cap is continuously growing. I think some major banks have stopped worrying and instead are now trying to compete. The whole "scare" tactic thing didn't work, so now they probably have to improvise and adopt it instead, otherwise, it'll be another "Kodak" movement.,
this wil also depend on the country polices on the cryptocurrency,if the counrty polcies parment banks to involve in cryptocurreny transactions maybe at there own risk ,they may take the option of investing
They do fear banks because cryptocurrencies will eliminate them or they have to convert into exchanges. That may be a solution for the banks and they may be thinking about it.
I think it is more like that the banks does not have much trust on bitcoin or we could say none at all. It is because of bitcoin being decentralized and very volatile and they probably are thinking that bitcoin is just some sort of scheme plus it is hurting their business. But there are also some banks that are aware of bitcoin's true nature and I think bitcoin's value will increase furthermore if banks will support bitcoin.
Another reason is that because is a decentralized currency,they take the issue of money lottery into consideration and currency control,its not like fiat currency that the government take control of it.
It makes sense that banks are afraid of bitcoin and cryptocurrencies because it could make baks obsolete and go out of biz, but I dont understand why most banks are very much interested in investing in blockchain technology.
Banks are really afraid of Crytocurrenies,fear of no central authority or middleman transactions,i think this the primary reason why government are afraid of the cryptocurrency too.Not like the fiat currency were government have control over it
banks dont like bitcoin, they just want to use the blockchain, they dont like bitcoin because its distribuid nature, the just want to be a central authority.
I think it is more like that the banks does not have much trust on bitcoin or we could say none at all. It is because of bitcoin being decentralized and very volatile and they probably are thinking that bitcoin is just some sort of scheme plus it is hurting their business. But there are also some banks that are aware of bitcoin's true nature and I think bitcoin's value will increase furthermore if banks will support bitcoin.
Oh well they should be. If lots of people will use crypto then banks would be deemed useless. We shouldn't be afraid. Instead we should encourage the peple who don't know and don't understand cryptos just yet so they will become one with us in this community.
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 all bankers fear and hates about the new digital cryptocurrency the new generation of the hashing technology they are possible to replace the fiat money into favor in the cryptocurrency, cryptocurrency being part of the new technology fast to grow into the currency world bankers afraid and insecured because cryptocurrency fast to accept of the people.
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 bank will be afraid of it, what are they gonna do if people stop keeping their money in the bank and put it into bitcoin instead. They won't have the money to play around (giving credit or other things). Crypto is also more transparent in everything, from transaction to people's account. They called on people not to get involved. Should we be afraid or the banks are!
Hi, banks do not fear crypto currency, infact they are using it silently. Have you heard, XRP? Some banks are already using XRP (ripple) in replacement of their swiftcodes. So the transaction is faster and instant.
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!
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!
The banking system is changing, currently the banks are the intermediary trustful institution like we have an escrow here same structure, now system started to change or replace with bitcoin in general They called on people not to get involved. Should we be afraid or the banks are!
Of course banks are afraid of crypto-currencies and their technologies, such as Blockchain. After all, thanks to such technologies, more transparency will appear in the banking sector, the prices for transfers will fall and all paper formalities will not be needed. And in general, what for now banks are needed, if you get more interest from your investments in crypto-currencies to your capital. 
I think it's a case to case basis. Banks can fear cryptocurrencies because it can affect their customers, by way of people choosing to instead of putting their money in banks, just keep in wallets, where cryptocurrencies are placed. However, on the one hand, it can be a part of their services to offer people a more reliable and safer wallet to store their coins, which can be a big business venture come the time when bitcoins gain more and more popularity worldwide.
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