Topic: Do Banks fear cryptocurrency - page 73. (Read 17113 times)
Nope. Here in the Philippines doesn't considered cryptocurrency as a threat. Banks thinks that cryptocurrency is illegal so they ban it.
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!
Banks wants people to store their money with them. In other side many altcoins are scams and it's not always safe to get involved in these projects.
Yes I think that banks are afraid of cryptocurrency. It is because as the people become more familiar with this currency, people will not use banks anymore. So the tendency is, banking companies will be bankrupt.
Absolutely banks fear cryptocurrencies because it is something they do not understand and something that is forcing them to change the way they think, and oh boy do they not like change, or thinking.
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 of course, banks are fear about anything that can distrub their business. Banks are get income from their customers, bitcoin provide the lower fees to people so it can make the use of their service is decrease. We do not to be afraid with banks, bitcoin is not depend on any country even china. Bitcoin is very useful for people, so I think people will always use and take benefits from bitcoin. 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!
They called on people not to get involved. Should we be afraid or the banks are!
yes, banks fear their customers turn to crypto. almost all over the world banks do the same, ban. banks do not want customers of them to switch involved to crypto. all such banks.
but it all depends on the choice of everyone. and we know what harm will be received. but we know that crypto can make people more independent.
I would probably say yes to it because if the cryptocurrency world has over powered the banks in all the countries there won't be in need of them since in cryptocurrency it is more efficient to store or save money unlike when in banks that it is too time consuming and there are lots of documents but with cryptocurrencies with just one click it's finished by then .
The only thing why people choose to be with bitcoin is because of the interest rate or possible return that they might get like for example, in bitcoin, you can earn up to 10% in just a few weeks while in banks you need to wait for about a year before you get that or earn that 10% return for your investment which is a boring return for a long term investing.
It depends on the country. As we can see some countries started to ban cryptocurrency, others emitted some regulations, but some also supported it.
Some banks fear Bitcoin because they believe it will crash the fiat system. Some bankers believe in Bitcoin. Some of them like JP MOrgan CEO is using his influence to manipulate the Bitcoin price. Few days after making slandering words about bitcoinm, they are buying it.
Why they need to fear Bitcoin? Bitcoin is biggest opportunity for everyone, if you ignore it, you just give your chance to others. Of course, the CEO of JP Morgan just lie while his company has bought a huge amount of Bitcoin after breakdown below $3,000. 
Banks are not scared of crypto currencies, they are only trying to keep safe their country's currency.
Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
I think you have a point with it mate, I think someday banks will go ride on cryptocurrency. It is because there's something that I watched in you tube were the title is " Future of banking in digital currency" when I saw it is DBS I just don't know it is a kind of digital currency or an altcoin. Instead of crypto currencies to make banks disappear, they will work together to achieve one aim.
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, banks fear their customers turn to crypto. almost all over the world banks do the same, ban. banks do not want customers of them to switch involved to crypto. all such banks.
but it all depends on the choice of everyone. and we know what harm will be received. but we know that crypto can make people more independent.
of course, because bitcoin will make their presence threatened, if people do most of the transactions using bitcoin like online transactions and payroll so they do not have to bother going to the bank have to wait queue or jostle and save time and cost, this which makes the existence of banks less play a role in society.
Some banks fear Bitcoin because they believe it will crash the fiat system. Some bankers believe in Bitcoin. Some of them like JP MOrgan CEO is using his influence to manipulate the Bitcoin price. Few days after making slandering words about bitcoinm, they are buying it.
Bank never fear bitcoin. bank want use blockchain tech for their job but they can't do now.
A big YES, they definitely fear cryptocurrency, blockchain which can hugely affect their banking system. Just think about it, you can do most transactions using bitcoin, like pay bills, remittance, transfer funds to love ones (local or international),etc in a fast and secure way, without any hustle, no more long lines, saves time and effort. this threatens the bank for they can't rob you no more. i believe in the future people will choose bitcoin over the bank.
Except for fiat money transaction, the bitcoin will completely take over all national and international money transfer activity. If people started to use only bitcoins to do all their online transaction then definitely it will affect on banks and the bank economy suddenly come down. So I think if any govt comes forward to adopt bitcoin there local banks will not allow this proposal. 
A big YES, they definitely fear cryptocurrency, blockchain which can hugely affect their banking system. Just think about it, you can do most transactions using bitcoin, like pay bills, remittance, transfer funds to love ones (local or international),etc in a fast and secure way, without any hustle, no more long lines, saves time and effort. this threatens the bank for they can't rob you no more. i believe in the future people will choose bitcoin over bank.
i think yes , we all know , although at this time we still need the bank because the bank where we get the money from the sale of bitcoin, in the fear later in the future, we do not need them anymore when doing the transaction ..
Of course, the few people at the top of the world can control the world with the tool called banks and if cryptocurrencies grow and grow, they loose that control. What do you think why some banks are causing dips and panics? They want to buy theirselves in and use crypto themselves.
Bank dont like crypto currency because that will make bank disappeared but They will try to make their own token by using blockchain tech.
Yes! I personally believe that they indeed fear the blockchain, Cryptocurrency, Fintech companies as well as Ripple/XRP!
Jump to: