Topic: Do Banks fear cryptocurrency - page 74. (Read 17113 times)
banks can become very afraid of cryptocurrency currencies because if cryptocurrency can be a huge investment it will greatly affect customers who want to save to banks and switch to using the world of cryptocurrency as an investment.
Yes. If they are smart they will use it for their business but i think they are to scared and will fight against it.
Just listen to Jamie Simon's comments on Bitcoin. He is the Chief Executive Officer of JP Morgan, the largest bank in the world. Supposedly, the smartest of the smart lot. It is clear that banks are going to fight Bitcoin.
I do not think banks are afraid of crypto currency because many people prefer to use ordinary currency and trust it more than crypto currency. Crypto currency is more likely to be an investment and will exist together with banks.
Yes. If they are smart they will use it for their business but i think they are to scared and will fight against it.
I also feel that bank will certainly not like cypto currency because this will definitely hamper their business and growth. Remittances , Loans etc all can be now done via btc and this will take away their market share and growth earning prospects. May be some countries bank can adopt this technology and make use of the bitcoin to optimally utilized the people demand and seeing its future growth.
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!
I think, that bank is just afraid of cryptocurrency (esp. bitcoin) because they can see its potential. In the world of business, a company will make very move they can to beat their competencies. In this case, banks who are telling people that cryptocurrency is dangerous are making strategies to condition the minds of people and make them switch to their services.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!
I think, that bank is just afraid of cryptocurrency (esp. bitcoin) because they can see its potential. In the world of business, a company will make very move they can to beat their competencies. In this case, banks who are telling people that cryptocurrency is dangerous are making strategies to condition the minds of people and make them switch to their services. They called on people not to get involved. Should we be afraid or the banks are!
Yes, they would certainly do. The blockchain is more efficient than the banking system today, it is way more wider and faster. Though we need banks today, maybe sometime in the future, there will be lesser banks and more users of cryptocurrencies.
In my personal opinion, I will say that banks are truly afraid of crypto-currency, basically who still needs to pay the bank a high telegraphic transfer fees for sending payment from one country to another country since crypto-currencies serve another alternative way as a payment options, in the future, the banking sector would surely cut jobs when more and more people are using crypto-currencies for payment.
Banks are scared of bitcoin because of the new technology blockchain behind it. The decentralized nature makes it much popular nowadays that almost many countries are aware of it and some countries have legalized it. So if people starts to compare bitcoin or banks they will surely prefer bitcoin, this threatens the banking system.
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!
The banks should be the ones to adjust and not us. We are not in any way depending on banks. We are in fact going against them. Now, if they want to stay adamant and wage war against bitcoin and other cryptocurrencies, they will fail. They cannot kill crypto because the people themselves are behind 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!
I think they are. Banks are really afraid to the cryptocurrencies. That's why they declare war against bitcoin. I know that they will lose many money if the bitcoin became more popular. They called on people not to get involved. Should we be afraid or the banks are!
yes 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
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
Banks fear much about bitcoin, and till date banks has faced a huge loss because of bitcoin. Cryptocurrencies were the financial support system of the future, because for the growing community advancement is a must. The recent cause of downfall too is also an impact of the fear from the banking community.
Bank fears bitcoin yes, because more people are switching from banks to bitcoin. Its a threat to their saving and lending since they make money circulate through that. Thats whats also making pofit for them and since little by little, people are converting from cash to btc, the threat can be feel by the banks.
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.I don't think the banks are afraid of spreading cryptocurrency maybe its just a warning to them for losing of money saving and or depositors but there is a little shady on it because banks are already knowledgable of adopting new process of making money like digital currency now.
Yes. If they are smart they will use it for their business but i think they are to scared and will fight against it.
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. 
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 .
Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies.
Well cryptocurrencies may put banks to thier down side. Due to no cost of puting your money on your wallet (paper wallet). Rather than spending some time on keeping your money in the bank with low interest.
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!
Actually there is nothing to fear about. Though bank has established their trusted reputation all over the world, I don't see it as a threat but more like of a competition. Since cryptocurrency and banks are on the same boat, it is natural for them to compete to increase each of their revenues. In my point of view, the Central Bank of Albania is just doing some dirty talk to our very own cryptocurrency to discourage people from investing to it. Maybe people on their place are investing more on cryptocurrency and they are being alarmed to this matter. So basically don't be threatened, just make a good choice when investing so that your money won't be wasted.
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