Banks fear crypto currencies surely, regarding its fast growing lastly they fear it will be the most used currencies worldwide and that's isnt compatible with the banking system interests.
Don't think the interests of banks are set in stones, they're known to follow profits where they can be made. If it were as easy, they would have already rolled out a number of products based on the technology, but their wings are clipped by the government agents - central banks. Something worth noting is the fact that cryptocurrencies are digital assets and at one time or the other, a need to turn them to cash shall arise and that inevitably makes banks and fiats currencies indispensable in any complete cryptocurrency equation. 
Topic: Do Banks fear cryptocurrency - page 83. (Read 17113 times)
I dunno what will be the correct statement here but banks are somewhat right because crypto currencies involve a lot of risks, as their fact that the price of a crypto currency is not stable. but there are some other valid reasons too like it can stop money transactions to banks and even governments. it also provides a lot of cool features like semi transparent network and everyone can implement their ideas into real life.
Not only albania Fear would be a wrong word. I think they don't view it as a threat so much (do remember, there is much more to banking than just what exists in the US), there are 220 countries and territories that have banks. Cumulative popular opinion is that bitcoin, at present is not a threat. It might be interesting, but not a threat, and nothing to fear.
I believe Banks fear crypto currencies for the long run, but actually most people are using fiat and even crypto currencies are depending in fiat and banking systems to deal with it, since crypto is not yet supported or legalized worldwide.
Why should banks fear about the crypto currency market,we need the help of banks to purchase coins and so does everyone who are purchasing coins,so there is no way banks could fear about this development ,if banks are to stop everyone from investing in crypto currency then we will have a big problem. 
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 believe Banks fear crypto currencies for the long run, but actually most people are using fiat and even crypto currencies are depending in fiat and banking systems to deal with it, since crypto is not yet supported or legalized worldwide.
No matter what happens people will still use Fiat money and will not go all in crypto currency if they are investing right now because Fiat money/tangible money is a necessity at my own opinion so does banks is important for Fiat money.
I think they are not fearing crypto currency as for now because all of the money that go into crypto currency is made from Fiat money that came from banks also so why do they need to fear the money that they also produced.
They are just issuing a warning that is normal for the banks because they are not knowledgeable about the nature of crypto currencies and even its securities that matters most.
I think they are not fearing crypto currency as for now because all of the money that go into crypto currency is made from Fiat money that came from banks also so why do they need to fear the money that they also produced.
They are just issuing a warning that is normal for the banks because they are not knowledgeable about the nature of crypto currencies and even its securities that matters most.
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!
Most of the banks don't know what crypto currency is. Even if they know they are definitely not afraid of it because of the fact that crypto currency was invented only a few years ago and banks have Been there for More than hundreds of years. Even though a lot of people hate banks they go to Banks for their financial transactions as they trust it and a lot of people think that bitcoin is not trust worthy and they think it is complicated to understand when compared to banks.They called on people not to get involved. Should we be afraid or the banks are!
You got that right.
They dont see any potential out of it that is why they are just ignoring it.
Some banks did make a step to run a new blockchain for their own purpose but it seems like they cant perfect it or they see some flaws our of it.
That says it all. Banks and crypto currency cannot be connected. A real time physical transaction cannot be connected with an online one.
They might need a genius to make it work. How about they hire Satoshi. That is if he is still alive
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!
Most of the banks don't know what crypto currency is. Even if they know they are definitely not afraid of it because of the fact that crypto currency was invented only a few years ago and banks have Been there for More than hundreds of years. Even though a lot of people hate banks they go to Banks for their financial transactions as they trust it and a lot of people think that bitcoin is not trust worthy and they think it is complicated to understand when compared to banks.They called on people not to get involved. Should we be afraid or the banks are!
Banks fear crypto currencies surely, regarding its fast growing lastly they fear it will be the most used currencies worldwide and that's isnt compatible with the banking system interests.
Humans fear to lose their jobs to machines. Machines are reliable, work 24/7 and ROI is way better compared to a human. So, of course, there is fear of something new, but we humans are able to adapt to new situations. Banks will use cryptos or slowly die.
Apparently the average bank is a business set up to make profits and they ordinarily would not mind turning 180 degrees to throw their weight behind Bitcoin since that's the future, but they fear sanctions and eviction by their landlords/masters, So the banks are really not against Bitcoin and cryptocurrencies in general, but almost all the central banks are and the reason for that is right in front of all of us. 
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!
Yeah , this is the reality of the money making market , if one want to make more investment in his service or project then he need to prove the another services wrost , and I think most of the banks are doing the same thing here .They called on people not to get involved. Should we be afraid or the banks are!
Here In my country , the main government reserved bank state bank of India declared the Bitcoin and and another cryptocurrency are scam and with this they planned to make Thier own currency network ( that is totally copy of the blockchaun network ) .
So these are showing what the banks sector want , and they want only more and more in the bank so that they can make big but they never lose anything .
Well here in the current time people are wise and educated , so they knows that what should they do with their own money .
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!
Most of the banks don't know what crypto currency is. Even if they know they are definitely not afraid of it because of the fact that crypto currency was invented only a few years ago and banks have Been there for More than hundreds of years. Even though a lot of people hate banks they go to Banks for their financial transactions as they trust it and a lot of people think that bitcoin is not trust worthy and they think it is complicated to understand when compared to banks.They called on people not to get involved. Should we be afraid or the banks are!
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.
Cryptocurrency is an advance medium on currency transaction faster than any other banks which uses Automated Teller Machines (ATM). With this fast innovating new system, it is eligible and convenient to all of us since everyone is using money as a medium of exchange. And now, it has been better with cryptocurrency, you are the bank, you are the master of your own moneys, you arrange your own moneys in just one application, you can transact any business without further ado, you can pay any bills and enjoy a round trip without any cause and or excess effort. 
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.
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i don't think that all banks fear with cryptocurrency because bitcoin is a new technology that can solve economy and monetary problem. if the banks want to open their eyes about new technology, then the banks can learn the technology behind bitcoin and if they think it will help for their system then they will adopt and used it for their own purpose. maybe the banks is not fear but they give a warning that using bitcoin is like we spend our money without know who is he or her so we need to be careful.
Yeah having mix feelings about it. Banks are devil that is for sure and they won't be liking idea of crypto currency fir sure. The reason is simple there customers are being pulled by crypto world and online money storage system which is completely decentralised. It means more and more money will be pulled from banks and saved over the internet protocol leading bank wallets to be empty. So they are very very disappointed about this as they have to be in business.
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 i've search Yes banks have fear to crypto currency.Because bitcoin now is a financial breakthrough.As they say that maybe banks will absorb bitcoin so that bank and bitcoin will murge.If that so bitcoin will be easy to used.All processed will be for immediate quick process especially when bitcoin become world currency.They called on people not to get involved. Should we be afraid or the banks are!
They are just trying to protect their people from possible loss of assets. and also maybe they know that the banking fiat industry may become dead if cryptocurrency becomes successful.
the people who were afraid of loss in bitcoin are now have strong faith on bitcoin that it will increase their money and will make them milliner in a very short time so that’s the real reason why people want to spend on bitcoin instead of keeping their money in banks and bank has its own system both bitcoin and banks are different from each other Jump to: