Topic: is it true that bitcoin is a disaster for local banks - page 11. (Read 1198 times)
I think is not disaster for local banks,there is nothing stopping banks from adopting bitcoin and offer the same fiat services they offer now for bitcoin and increase their revenue,banks are just service providers for currencies. and bitcoin is just a new currency.
Bitcoin comes as a new breakthrough in digital transaction devices or Bitcoin as digital currencies. And this is not a disaster for local banks. there are still many people who need Fiat as a transaction tool, and of course those who use Fiat are still in contact with the Bank. Bitcoin will not kill local banks.
bitcoin doesn't have to be a disaster for banks at all because first of all banks are working with fiat and fiat doesn't go anywhere. it will stay around forever and bitcoin is not here to replace it either. and if you really think about it, banks are just service providers for currencies. and bitcoin is just a new currency. there is nothing stopping banks from adopting bitcoin and offer the same fiat services they offer now for bitcoin and increase their revenue.
a very good question ...
Nope, it´s just a disaster.
SO you're saying that Bitcoin is a disaster? If so, why are you here?a very good question ...
In my own opinion a Bitcoin is not a disaster, it's a treat for all banks. Coz we are living in a world of technology,
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
Yeah those local banks are really afraid and frightened in bitcoin or cryptocurrency because, it is really a thread to them. Because they are predicting that for the next few years, the number of people who are entering money to them will decrease little by little because those people will trust more on crypto instead to them.
The banks and the owners are really afraid of bitcoin because of the speed of adoption by their various customers. Bitcoin is like removing food from their mouth which is not to good the banks and their owners. The banks will through the government will continue to pressure on bitcoin through needless regulations.
Banks will always be afraid of bitcoins, this is a direct threat to their stability.
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
Yeah those local banks are really afraid and frightened in bitcoin or cryptocurrency because, it is really a thread to them. Because they are predicting that for the next few years, the number of people who are entering money to them will decrease little by little because those people will trust more on crypto instead to them. I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
I guess it is, for them. I mean I think they are really afraid of bitcoin taking over and dump fiat money because they can't profit from bitcoin actually they can but it's a lot lesser profit than fiat money and risky knowing that bitcoin's price isn't stable. Besides we don't need bank to stock our bitcoin we use blockchain wallet instead. And they are really afraid of that because bitcoin is used by mostly of the people now and they only have less chance to earn plenty.
According to my own research about to banks who are affected to the raising of cryptocurrencies.
Well it is true. There is a big impact to their businessess.
Because we all know that bitcoin can still operate without the help of any bank society we can withdraw our money thru local remittances. So we don't need banks.
Well it is true. There is a big impact to their businessess.
Because we all know that bitcoin can still operate without the help of any bank society we can withdraw our money thru local remittances. So we don't need banks.
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
I think thats a big No because banks may also use bitcoin for them to have an extra source of income. Banks can divert or add up crypto currencies as a product they can offer to their clients to get an extra income.
Banks hate bitcoin and also don't want it to run because they know it very well that it popularity rate is increasing rapidly and it can be a great threat for banking business.
Yes, Bitcoin takes part of their profits from Banks, but I believe that the Banks will find a way to earn even on Bitcoin, for example, converting Bitcoin to other currencies and output to Fiat. But in general, Bitcoin is able to replace the banking sector in the field of international money transfers.
No that is not true.In fact it will be an asset of not only local banks but also international banks.
No it,s not true bitcoin is not a disaster for at all.that these local banks don't manage in heliosis.bitcoin is an investment asset.one day bitcoin will replace the banking method perfectly and it can be arrive that banks get small avail.
Nope, it´s just a disaster.
SO you're saying that Bitcoin is a disaster? If so, why are you here?
Banks hate bitcoin and also don't want it to run because they know it very well that it popularity rate is increasing rapidly and it can be a great threat for banking business.
Most banks or bankers don't care about bitcoin. They don't see it as a threat at all.
And the reality is that bitcoin isn't a disaster for banks. Banks offer something different than Bitcoin. Banks offer financing, lending. That's their primary role. That's where their value is...because they don't offer value from investments or interest earned on savings.
Yes, as you said bitcoin offer something different than banks and I agree with that but I think they have similarities when it comes to storing money. Base on the article that I read before that Banks recognized bitcoin as a competitor. What would be the advantage if you store your money in this field? ofcourse because of the opportunity within this field.
It is true. In a way that it might replace the banks. Look at the taxi, it is being replaced by grab and uber drivers. And look at the post-mails, it was being taken care of gmail or any mail in the web right now. Web works are so powerful that can overthrow great things that is doing great as of now.
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
On the other hand, many swiss banks are trying to get their hands on cryptocurrency. Even the ID verification service providers are same for banks and ICOs. We have an example of shuftipro.com as well. so it is just about time, soon everything will be fine.
Bitcoin is not a disaster at all. What we have to know is that these local banks don't operate in isolation. They take orders from the central bank. If not for this, so many of them would have started dealing in cryptocurrency. Because of this limitation, bitcoin has now become more of a threat to the banks.
No, it is not totally true because banking system comes from thousand years ago and bitcoin is a new thing yes, it can be happen that banks get less profit.
I heard the news, that banks are afraid of bitcoin and can replace banks, because the excess of bitcoin is much compared to local banks
the fact is true, this bitcoin phenomenon can disrupt economic stability and the national financial system, especially if there is a bubble explosion because there is an interaction between virtual currencies and the real economy. In addition, there are also regulatory arbitrage risks because transactions can be carried out from other countries with more accommodative provisions.Therefore, regulations from the central bank or financial authorities are needed that regulate the digital asset ecosystem, this rule will benefit the government, because they can monitor and obtain digital money transaction data. Data can also be used to anticipate money laundering or other financial crimes.
If the banks will work with the crypto currency, they will incur more losses than they will get profit. The banking system is very stable and it is not so easy to destroy.
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