Topic: Do Banks fear cryptocurrency - page 82. (Read 17113 times)
Banks warning people not because they lose their income from us, but because the crypto sometimes become chaos and make lot of people lost money, especiallly for non crypto news followers. Banks want to support their country to control money which means they want more stable currency, not effect people money so much or so fast like cryptocurrency that can make someone lose money so much, the reason they warn us because they just want us become more wisely with our money
Bitcoin is most famous example of an emerging technology network with the potential to improve banking. It belongs to the new type called crypto currencies, i.e. decentralized, secure money storage and money transfer enabled by the Internet..Disruption can be a good thing, especially when it affects banking, a failing set of business models which, for all the tweaks, have been virtually unchanged for millennia. Paradoxically, some banks are afraid of Bitcoin because it would force them to innovate.
In my opinion, banks should really fear cryptocurrencies. This is because they do not have any controls over these kind of currencies. These are decentralized that's why they cannot control and influence its production and transactions. Patronizing cryptocurrencies could end banks' operations. Unless they can find a way on how to make business out of it. But nonetheless, cryptos is a real threat for a banking businesses.
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 warned the people because if people patronized crypto currency, banks will lose their business.As we all know, digital currency doesn't have to deposit.You have your encryption or safe. 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 are afraid but they are not going to say it openly, the best way to know that is by their actions, since they are recommending for people to not get into bitcoin because it is to unstable then we can safely conclude they are doing this not to help people but to help themselves. 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 guess it is because they are banks and they advertise the real money in the people bitcoin is a new kind of currency and it is more hightech than everyone think so if no one will use a realcash they could use bitcoin wallet as a bank and also a investment greater than banks banks will disappear. 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!
Obviously it is because it is easier to use than the real cash so i guess bitcoin will become more popular in the country and life will become more easier when it come to hightechnology and bitcoin is one of that so i guess bitcoin will be popular in the future until no one is interested in banks. They called on people not to get involved. Should we be afraid or the banks are!
Banks should be fear with cryptocurrency, because cryptocurrency development is so rapid and could replace the current banking system, bank systems are now quite old-fashioned, unsafe and costly to maintain and use them, with the presence of bitcoin and blockchain systems, naturally if the bank system This time should change and may use a blockchain system
its the reason maybe why bitcoin are fallen right now maybe investors playing really safe between banking and cryptocurrency, as we knew possibilities that bitcoin can put the bank business at risk, better to invest while its really cheap.
I think people should not afraid about bitcoin actually it is the best thing happens for people . Banks has to afraid because it will reduce their income as well as profit . In both ways one for fund transfer charges second the amount holding in bank converted to bitcoin so there will be shortage of funds in bank.
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!
This is just a lack of education.
The Bitcoin community in Albania may need to group together and liaise with the banking community to spark dialogue which is so clearly needed.
A country cannot be commited fully to global trade if it is against a system that is as enabling as the blockchain.
Frankly, the blockchain is to globalisation what electricity was to industrialisation
The Albanian central bank may be in need of proper advice and education as far as in the realm of the blockchain and digital assets in general.
Banks should be fear with cryptocurrency, because cryptocurrency development is so rapid and could replace the current banking system, bank systems are now quite old-fashioned, unsafe and costly to maintain and use them, with the presence of bitcoin and blockchain systems, naturally if the bank system This time should change and may use a blockchain system
its the reason maybe why bitcoin are fallen right now maybe investors playing really safe between banking and cryptocurrency, as we knew possibilities that bitcoin can put the bank business at risk, better to invest while its really cheap.
Banks should be fear with cryptocurrency, because cryptocurrency development is so rapid and could replace the current banking system, bank systems are now quite old-fashioned, unsafe and costly to maintain and use them, with the presence of bitcoin and blockchain systems, naturally if the bank system This time should change and may use a blockchain 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!
That bank was probably feeling threatened by Bitcoin and crypto currencies and felt like they had to make a statement regarding this. And their fear is exactly what I would have expected, the banks are not just brushing Bitcoin off, they are acknowledging it as a real problem that could severely damage their business. But Bitcoin hasn't become that mainstream yet so it is impossible to say that Bitcoin will overtake the banks now, but in the future that is definitely possible, especially with our every growing technical world, Bitcoin seems like the ideal currency.
Banks are not scared of all crypto currencies and they are only scared of bitcoin.They think bitcoin as their rival.I think central bank is different from normal banks.Central bank is the head of all banks directly controlled by the government which in turn regulates other banks.For example,in india,Reserve bank has issued a warning to investors about the high volatility of crypto currencies.
If bitcoin become valid currency than it will compete each other since there will be same amount of demand for bitcoin
But at the moment, it's difficult to see bitcoin being accept for all country especially when Ransonware issue still trending
Bitcoin is a new age more disruptive than that of today’s Internet. Disruption can be a good thing, especially when it affects banking, a failing set of business models which, for all the tweaks, have been virtually unchanged for millennia. Paradoxically, some banks are afraid of Bitcoin because it would force them to innovate.Bitcoin is but the most famous example of an emerging technology network with the potential to improve banking. It belongs to the new type of financial animal called cryptocurrencies,decentralized, secure money storage and money transfer enabled by the Internet.
To date, the whole popularity of Bitcoin depends only on the fact that a new user needs earning opportunities. It is this degree of popularity among users is very active. So I'm also very grateful to the Crypto currency and especially Bitcoin for the opportunity to earn. It was thanks to Bitcoin that I became more financially independent and more self-confident.Well, currently i do not think if the Bank has any issues with bitcoin because bitcoin is not deployed widely yet and it will surely take some time to be avaible everywhere. Banking system is well establishment and no one is thinking bitcoin a threat to banking system for at least a 50 years or so.
I think banks were having fear of cryptocurrency,Even though cryptocurrency were accepted by some banks,you cannot erase to their minds that cryptocurrency is not good for them,but it can really help.Thats why many countries does not legalize cryptocurrencies.
At this time it seems there has not been any cryptocurrency received by the bank as well as bitcoin. I think because banks would not want to accept the risk by receiving bitcoin. Certainly there will be many who take advantage of this to do illegal things. Such as money laundering with ease ? 
Banks are not scared of all crypto currencies and they are only scared of bitcoin.They think bitcoin as their rival.I think central bank is different from normal banks.Central bank is the head of all banks directly controlled by the government which in turn regulates other banks.For example,in india,Reserve bank has issued a warning to investors about the high volatility of crypto currencies.
There is no reason to be afraid of banks. They are doing what they can within there rules and regulations. They have no authority over bitcoin or any crypto currencies as long as government states something about it. The decentralised nature of bitcoin is making it more secure from entities like bitcoin. The bank you speaking about must be afraid of loosing its assets or produce due to insufficient customers base. Lol.
I'm not sure how much you are aware that you also mentioned several good reasons why banks should fear from bitcoin. Bitcoin is a threat to banking system, with bitcoin we can skip bank dominance. Do we need to pay for storing bitcoins in wallet like we need to pay to the bank for having bank account? Do we need many documents for registration and do bitcoin charge us so big fees for money transactions in another country.
Bitcoin is better then any fiat currency, and they know it, that's why bank of Albania is issuing the warning about bitcoin. Its not the first time that we hear something like that from the banks, and I doubt its the last time. Keep calm and continue to earn and save bitcoins, donnkt pay attention on this kind of news.
There is no reason to be afraid of banks. They are doing what they can within there rules and regulations. They have no authority over bitcoin or any crypto currencies as long as government states something about it. The decentralised nature of bitcoin is making it more secure from entities like bitcoin. The bank you speaking about must be afraid of loosing its assets or produce due to insufficient customers base. Lol.
I think banks were having fear of cryptocurrency,Even though cryptocurrency were accepted by some banks,you cannot erase to their minds that cryptocurrency is not good for them,but it can really help.Thats why many countries does not legalize cryptocurrencies.
i do not think that they may have any fear about crypto currency, in fact banks are not giving any importance to bitcoin as they care bound to their banks and i am sure that when government will accept bitcoin as legal currency then they will also start accepting bitcoin and will create their own wallet for thatJump to: