Topic: How do banks feel about crypto (Read 1003 times)
Banks are cautious about it because of volatility and lack of legislative base. All this prevents them from introducing crypto for circulation and exchange. However the adoption of crypto-currency by banks can give them the necessary legitimacy. The interest of ordinary users of the network to digital money will increase, this will help to take crypto seriously and use them to pay for goods and services as a stand-alone currency.
Banks and governments hate cryptocurrency
So any thing about banks use cryptocurrency
I see it is a scam
So any thing about banks use cryptocurrency
I see it is a scam
Banks are scared shitless of the decentralized blockchain. It makes them obsolete.
There is going to be a full-on war to prevent the blockchain that we all want and support from taking over. They are going to work with governments to co-opt blockchain technology while still maintaining power. It's going to be interesting to watch the next 5-10 years.
I personally don't think they will be able to stop blockchain technology from upending the global capitalist status quo
There is going to be a full-on war to prevent the blockchain that we all want and support from taking over. They are going to work with governments to co-opt blockchain technology while still maintaining power. It's going to be interesting to watch the next 5-10 years.
I personally don't think they will be able to stop blockchain technology from upending the global capitalist status quo
Bankers, especially the central bank hate bitcoin and blockchain technology because: bitcoin is decentralized, it doesn't discriminate and it is acceptable every were. Unlike fiat that is been issued by the authorized federal government agency in every country. Bankers will forever fight bitcoin and others cryptocurrency and I will advise us the cryptocurrency enthusiast to keep promoting it in the light of freedom it has come to create.
Crypto currency can compete fair and square with the banks thats why they do not like it.
How do you handle the fact that some banks are refusing to send or receive money from crypto platforms?
How do you handle the fact that some banks are refusing to send or receive money from crypto platforms?
The cryptocurrency can compete with the banks, so I think most of the banks should not like crypto.
They will have to adapt with the new technology so that they are not left behind. To be honest, the blockchain technology that bitcoin invented is much more powerful than bitcoin itself. Eventually banks will come up with their own crypto currencies and try to kill or suppress bitcoin.
Bank never support crypto, it is hurt them, money flew from fiat to crypto, what do you think if you are the one of bank owner ? money flew from your pocket to some one pocket ? howver bank system is the most corrupted system in this world.
i just see the movie about 2008 recesion in america, movie tittle is " The Big Short " and from there i hate bankers. the biggest lie system.
i just see the movie about 2008 recesion in america, movie tittle is " The Big Short " and from there i hate bankers. the biggest lie system.
I thinks banks are very well aware of appearance of blockchain technology and disturbance its causing in their business.
I think they will adapt and evolve and implement their own solution and finally continue with their changed approach.
They are just too much important for global economy.
They are really aware on bitcoin existence and as you said bitcoin does give disturbance on their business on which some people do already make use on bitcoin rather than on banks.This is why they would really make their own innovation when it comes on new way payment system.They will surely adopt blockchain technology on their planned changes in future because they can able to see the competition. I think they will adapt and evolve and implement their own solution and finally continue with their changed approach.
They are just too much important for global economy.
I think they will adapt and evolve and implement their own solution and finally continue with their changed approach.
They are just too much important for global economy.
They are just too much important for global economy.
Financial institutions are already into the first initial stage when it comes to implementing their own centralized version of the blockchain. It has been pointed out in various articles throughout the last years that they have been pumping millions into research and development. Ultimately, if they end up fully incorporating the blockchain into their systems, it should greatly improve our overall banking experience. I won't be surprised to see them settle payments from one bank in the world to the other instantly -- it's beyond insane that we in 2017 still don't enjoy this in my eyes normal feature.
That's the concerning thing. Blockchain should be decentralized and if one centralize the blockchain or implement it as centralized versions, this is against the rules od this democratic environment.
I think that bank will have to adapt to it and make some changes. Looking at tbe bank right now. They are real illegal moneymakers which are legal by government and good supported because they have control. They are slow, with high fees and cruel. Only thing they care about is how to rip you off.
Crypto can disturb tat a little bit so they will have to offer better user experience. They want people to hold money there. But sure thing is that they will survive and they won't struggle. They could eventualy accept and use crypto so they can act as exchanges and much more.
Crypto can disturb tat a little bit so they will have to offer better user experience. They want people to hold money there. But sure thing is that they will survive and they won't struggle. They could eventualy accept and use crypto so they can act as exchanges and much more.
I think they will adapt and evolve and implement their own solution and finally continue with their changed approach.
They are just too much important for global economy.
They are just too much important for global economy.
Financial institutions are already into the first initial stage when it comes to implementing their own centralized version of the blockchain. It has been pointed out in various articles throughout the last years that they have been pumping millions into research and development. Ultimately, if they end up fully incorporating the blockchain into their systems, it should greatly improve our overall banking experience. I won't be surprised to see them settle payments from one bank in the world to the other instantly -- it's beyond insane that we in 2017 still don't enjoy this in my eyes normal feature.
They control it and then what? Their greediness will always take over and they will just dirty the way bitcoin should be.
People are embracing it because of tax free. Why? Where are the taxes of the people going? Our own government authorities just taking it for themselves. People got weary of that fact and just want to be independent.
People are embracing it because of tax free. Why? Where are the taxes of the people going? Our own government authorities just taking it for themselves. People got weary of that fact and just want to be independent.
I thinks banks are very well aware of appearance of blockchain technology and disturbance its causing in their business.
I think they will adapt and evolve and implement their own solution and finally continue with their changed approach.
They are just too much important for global economy.
I think they will adapt and evolve and implement their own solution and finally continue with their changed approach.
They are just too much important for global economy.
Banks want to destroy cryptos because they understood the danger to their fraud system. It is under attack the crypto world now. They try to manipulate prices and people to leave the blockchain revolution. 
They feel screwed by a person named Satoshi Nakamoto. Their business is at risk if they don't transform themselves and give more freedom to public. Although, some banks are smart and realise they don't need to bring the cryptocurrency down they just need to outsmart other banks
unfortunately many people above are saying bullshit and barely know something about cryptocurrency and banks. there were so many banks that investing and do trading to grow their capital through cryptocurrency.
if anyone say bank don't like bitcoin, it's maybe, but for profit they don't give a shit as long if the thing could generate them profit by holding.
No one knows actually but there still a possibility on the things that you do said on here that those banks might really engage on cryptos too but on a hidden way for sure knowing that they are regulated and they shouldn't engage on decentralized things.Banks would really jump on things which they can see that they can able to generate profits not on the way on using it but just as simple on making investment too just like what we are doing. if anyone say bank don't like bitcoin, it's maybe, but for profit they don't give a shit as long if the thing could generate them profit by holding.
I think banks hate crytpo since nowadays there's a lot of investors who invest in crypto instead on the bank. We can say that at the bank - your money will be more secured however minimal income (interest etc.) and on the other hand even though in crypto is not so secure, most of the investors will invest in crypto due to lot of money that they can get once the project is successful.
I think they feel bad about crypto because people are starting to withdraw their savings to invest in cryptoworld.
I think they dislike crypto. But they also don't want to miss the opportunity to make a lot of profit. They are investing in Bitcoin and Ethereum, so it is good for the value of Bitcoin and altcoins.
But they don't like if people don't pass by them to buy bitcoin, as they don't receive any money.
But they don't like if people don't pass by them to buy bitcoin, as they don't receive any money.
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